Mortgage Loan Processor - Signal Financial Federal Credit Union

Position Description

The Real Estate Lending Loan Processor is responsible for the successful processing of 1st trust mortgage loans and home equity loans by gathering and analyzing documentation required to facilitate the movement of those loans through to Underwriting and Closing as efficiently and timely as possible. The Loan Processor also ensures administrative and operational compliance with regulatory requirements and Signal Financial Federal Credit Union policies and procedures.

Position Responsibilities:

• Process 1st trust mortgages and home equity loans from completion of loan set up through to final approval ensuring that all requirements and documentation are accurate and complete prior to passing file to Loan Closing
• Timely and accurate collection of documentation needed to complete the processing of the loan file in preparation for submission to Underwriting.
• Verify and analyze documentation received to determine adherence to Fannie / Freddie / SFFCU / AUS guidelines and requirements.
• Input and update all required loan information and data into LOS as documentation is received and reviewed.
• Review any changes to the loan transaction throughout processing and underwriting phases of the loan, determine if changes affect loan, resubmit to AUS, Secondary and Underwriting as necessary.
• Provide accurate, timely loan disclosures as applicable throughout the loan process ensuring compliance with all regulatory, investor and/or SFFCU requirements.
• Interact closely with management, underwriting, closing, loan officers, members, title companies, real estate agents, and our AMCs to provide and obtain regular updates to achieve goals for production time, pull through and customer satisfaction.
• Order any necessary documents to ensure complete loan file for submission to underwriter including but not limited to an appraisal, flood cert, tax transcripts, social security direct checks, VVOEs, credit report, title policy and homeowners' insurance policies.
• Diligent monitoring of individual pipeline to ensure the timely moving of files to meet deadlines for rate locks, purchase contracts and any other applicable dates that must be met.
• Collaborate with Underwriting and Closing to ensure loans are underwritten and closed timely.
• Provide leadership through personal actions and day-to-day practices that support SFFCU's core values.

Position Requirements

• High School Diploma or GED required. College degree preferred.
• Minimum of three years mortgage lending experience required.
• Must demonstrate knowledge of Fannie Mae/Freddie Mac and FHA guidelines as well as credit union lending policies, procedures, and regulations.
• Must possess a thorough understanding of the requirements and features of the mortgage loan programs offered by SFFCU, other private investors, and the secondary mortgage market.
• Excellent oral and written communication skills required.
• Strong loan math calculation skills including the use of automated spreadsheet development and basic analytics required
• Solid time management skills and the ability to organize prioritize and perform multiple tasks simultaneously.
• Ability to learn and work in a fast-paced work environment.
• Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences.
• Ability to analyze and comprehend complex financial data and provide financial alternatives.
• Professional and effective interpersonal skills.
• Proficiency with Microsoft office including Outlook, Word, Excel, and Teams.

The list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities that management may deem as necessary.