Senior Mortgage Processor

    • Job Tracking ID: 512439-816129
    • Job Location: Dunedin, FL
    • Job Level: Any
    • Level of Education: Any
    • Job Type: Full-Time/Regular
    • Date Updated: April 20, 2022
    • Years of Experience: Not Applicable
    • Starting Date: ASAP
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Job Description:

Serves as primary point of contact for the mortgage process after the loan is submitted to processing, with a focus on ensuring loan applications are accurate and supporting documentation is complete. Responsible for analyzing all information and documentation; Verify, through outside sources, the validity of the information, calculate debt-to-income, assets, and loan-to value ratios. Follow product and investor guidelines. Assemble a completely documented file and submit it to underwriting for a loan decision. Position may be considered for remote/ work from home status after six months.

  • Prepares mortgage loan files by reviewing loan application and documentation. Validating information entered in LOS (Loan Origination system) and AUS (Automated Underwriting System).
  • Have a thorough understanding of industry compliance and regulation requirements, including credit union, investor, FHA/VA, TILA-RESPA Integrated Disclosure rule (TRID), Federal and State guidelines.
  • Performs thorough analyses of loan documents and files to determine compliance with credit union, investor, FHA/VA, TRID, Federal and State guidelines.
  • Maintain communication with applicants throughout the processing period, assisting them with any questions and notifying them of any additional information required.
  • Complete final evaluation and analysis of completed application packages and prepare files for approval, specifying any applicable conditions to the approval, review the commitment and any additional required disclosures.
  • Assemble and review documents for submission to underwriting.
  • Prepare initial and/or re-disclosures as necessary.
  • Maintain a pipeline of 30-45 loans per month active pipeline.
  • Meet required time frames for file review, processing, underwriting submission and closing deadlines.
  • Direct Junior Processor to assist on files throughout processing.
  • Serve as a loan partner to loan officer.
  • Notify borrowers, Realtors and Loan Officers of updates and underwriting decision.
  • Request, collect, review documents to satisfy loan conditions.
  • Prepare when applicable "Decline Letters" and ensure accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify; Complete HDMA.
  • Be available to closers and loan officers for general guideline interpretations and questions on specific loan files.
  • Back up for file set up processing and closing as necessary, including secondary market functions.
  • Assist with file preparation for closing; Back up for closing position as necessary.
  • Meet required time frames for file review and submission to underwriting and closing.
  • Perform related duties as directed by Team Lead and/or Manager.
  • Participate in a weekly mortgage status / pipeline meeting with assigned MLOs.
  • Responsible for upholding all credit union ethical standards.
  • Represents the credit union in a courteous and professional manner.
  • Perform other essential job functions as required or assigned.

Experience and Skills:

Required Education:

  • High school diploma or G.E.D.

Required Experience (minimum 3 years each):

  • Loan processing
  • Knowledge of secondary market guidelines, Fannie Mae &/or Freddie MAX, FHA/VA
  • Familiar with private investor and insurance guidelines

Required Skills:

  • Computer literate
  • Proficient in Microsoft Office Suite to include Outlook, Word, Excel
  • Listening, observation, and analytical skills
  • Demonstrate ability to collect data, establish facts, and draw conclusions
  • Proficient in loan origination systems
  • Common office equipment including PC computer and 10 key calculator, data entry
  • Strong verbal, oral, and business writing skills
  • Mathematical aptitude
  • Good interpersonal skills
  • Ability to work effectively under specific time constraints
  • Thrive in a fast pace environment
  • Ability to handling stress
  • Ability to multi-task and work well under pressure
  • Ability to prioritize
  • Ability to organize
  • Ability to meet deadlines
  • Ability to communicate clearly in writing with correct grammar, punctuation and spelling
  • Work Independently and in groups
  • Reasoning ability

Required Licenses/Certifications:

Must hold or qualify to obtain NMLS