Mortgage Processor
The Mortgage Loan Processor/Closer is responsible for the daily loan
processing/closing and basic operations for first mortgage loans. In
addition they are required to be knowledgeable of all investor
guidelines and inform/communicate to staff as needed. The requirement
for knowledge of all investor guidelines is not limited to our investor
and also includes all state and federal regulations. This position is
also responsible for ensuring compliance with appropriate regulations,
investors, title companies and credit union policy and procedures. The
Mortgage Loan Processor/Closer provides the member with reliable,
accurate, and timely technical information necessary to meet their
needs. The Mortgage Loan Processor/Closer must work with the member and
the loan originator to develop and execute mutually agreed expectations
to insure the member will be satisfied with their mortgage loan
experience. The Mortgage Loan Processor/Closer must maintain a
relationship with members throughout the loan process to ensure a smooth
transition from application to closing. This Mortgage Loan
Processor/Closer is also responsible for ensuring a valid lien on the
property secured by a UW Credit Union mortgage.
Essential Duties Include:
1) Mortgage Loan Operations Responsibilities- 60%
a. Process basic to complex loan files for
income analysis to include, credit bureau, determine members repayment
ability, verify income, determine members overall credit analysis at
different times throughout the process.
b. Review appraisals of property verifying
that all requirements of the investor are met.
c. Evaluate loan applications with complete
understanding of findings and compliance requirements.
d. Analyze the loan application for
compliance prior to submission, submit for approval at different times
throughout the process, and obtain complete information for all findings
to ensure stability of mortgage.
e. Pre-underwrite files prior to submission
to underwriting and issue commitment letters as required.
f. Assist loan officers in the communication
of proper information to members/Realtors.
g. Work closely with loan officers to ensure
quality service, including the effective handling of difficult telephone
and personal inquiries.
h. Effectively manage pipeline for
outstanding documents.
i. Consistently meet critical deadlines
included but not limited to; commitment due dates, rate expirations and
closing dates.
j. Meet regularly with team to review active
pipeline.
k. Preparation of all documents (i.e.,
satisfactions, subordinations, etc) to ensure valid UW Credit Union lien
perfections.
l. Prepare closing packages as appropriate
for each loan type to satisfy all underwriting guidelines.
m. Issue closing funds and assist with wire
transfers if appropriate.
n. Order services for loan file including but not
limited to; appraisal, credit reports, title, flood certifications,
homeowners insurance, payoffs, etc.
o. Responsible for the consistent integrity of
system data.
p. Maintain a current understanding and working
knowledge of the various mortgage programs offered by the credit union,
including but not limited to fixed rate, adjustable rate, government
plans, and rate adjustments.
q. Maintain a current understanding of all
investors, state and federal guidelines, which include knowledge of
regulations Z (Truth-in-Lending), C (HMDA), and all other regulations
that would have implications for the credit unions lending abilities
r. Maintain a current knowledge of all private
Investors/FNMA/FHLMC/FHLB/Government/ Secondary Market underwriting
guidelines.
s. Responsible for consistent system data
integrity.
2) Member Service- 30%
a. Answer member inquiries involving rates,
products and loan application status to ensure quality member
service.
b. Maintain appropriate contact with members to
ensure follow-up of loan application.
c. Communicate regularly with loan originator on
status of pipeline.
d. Provide support to origination telephone ACD
extension for member inquiries.
e. Process calls involving escrows, closing costs,
documents, HUD-1 settlement statement, funding, policies and
procedures.
f. Interface with vendors to ensure third party
services are executed accurately and in a timely fashion.
g. Answer all calls, inquiries, E-mails from
members, vendors and internal staff in a timely and professional
manner.
3) Other Duties- 10%
a. Regular and predictable attendance.
b. The ability to positively and
professionally interact with members, staff, and vendors.
c. Maintain and Update Procedures
d. Projects and Training
e. Actively participate in team meetings and
activities.
f. Organize and draft reports for review by
supervisor.
g. Recommend and develop process improvements
and procedures for loan processing functions to ensure compliance and
member back service levels.
h. Train and assign personnel to various functions
to ensure timely processing.
Please apply online at www.uwcu.org/careers. UWCU is an
AA/EOE employer.
Listing Expires: 7/19/2013 |