Loan Processor Jobs

About The Position

Requirements

• Three to five years of similar or related experience, including preparatory experience.
• High school degree or equivalent.
• Excellent knowledge of P1FCU mortgage products and services.
• Familiarity with computer software programs and comfort using automated technology.
• Ability to type and use a PC and general office equipment, including a ten-key calculator.
• Excellent skills using Excel and Word.
• Excellent organizational, editing, and communication skills with vendors, staff, members, and the general public.
• Courtesy, tact, and diplomacy, with the ability to build relationships and solicit cooperation.
• Ability to work independently or with limited supervision and effectively as part of a team.
• Ability to read and follow written and oral instructions, perform basic mathematical calculations, spell accurately, and understand computer basics.
• Clear speaking skills and the ability to present information in a logical, understandable sequence.
• Ability to deal calmly and professionally with diverse personalities and demonstrate customer service and discretion when dealing with the public.
• Ability to maintain composure under deadline pressure and requirements for accuracy, quality, or fast-paced work.
• Ability to handle multiple, simultaneous, and changing priorities and exercise discretion with confidential matters.
• Ability to maintain regular, reliable, and timely attendance.

Responsibilities

• Review loan documents and order additional documentation to ensure residential mortgage loan files are complete and compliant with applicable guidelines and policies.
• Verify incoming data and resolve issues or discrepancies with borrowers and loan originators.
• Order appraisals, flood certifications, title commitments, tax transcripts, insurance, and other documentation as needed.
• Prepare employment, income, asset, and housing verifications as needed.
• Examine deeds, assignments, mortgages, and other documents for compliance with escrow instructions, credit union policy, and legal requirements.
• Analyze and assemble borrower data for submission to loan underwriters.
• Communicate and collaborate with borrowers, loan officers, realtors, vendors, and operations staff, providing updates and facilitating communication to meet deadlines.
• Send loan approval letters and adverse action notices.
• Review and prepare closing documents and enter data into the computer system.
• Evaluate appraisals, title policies, credit reports, income verifications, and other supporting documents for inconsistencies, potential fraud, or misrepresentation.
• Maintain a thorough working knowledge of credit union mortgage products.
• Attend internal training sessions to stay current on product and policy updates.
• Maintain the credit union's core values and complete other duties as assigned.
• Comply with company policies and procedures and applicable laws and regulations, including the Bank Secrecy Act, the Patriot Act, and Office of Foreign Assets Control requirements.