Senior Mortgage Processor

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