Mortgage Processor

Job Description:

Position Summary:

The Mortgage Loan Processor is responsible for supporting the mortgage process by collecting, validating, reviewing and organizing all the required documentation for a residential mortgage application. The incumbent will work closely with loan officers and underwriters to ensure timely processing of loan applications.

Primary Responsibilities and Duties:

• Responsible for reviewing mortgage loan application data for completeness and accuracy.
• Responsible for verifying all income, funds, and credit information to complete the underwriting checklist.
• Communicate with loan originator or member to request any missing or required documentation.
• Responsible for validating data entry in the mortgage system and resubmitting the loan to automated underwriting.
• Responsible for ordering appraisal, flood certification, and title work according to established guidelines.
• Responsible for updating the mortgage system to record documentation that is requested and received and following up to ensure the requests are completed.
• Responsible for submitting the completed loan file to Underwriting for final decision.
• Responsible for communication with the member, originator, and realtor regarding the processing status of the loan.
• Manage multiple loan files to ensure accuracy and deadlines are met
• Responsible for staying current on all communicated compliance information and following guidelines to issue compliant documents.
• Accountable for performance management goals as defined by the operations manager

• Accountable for understanding and applying government laws and regulations and Everwise policies and procedures relating to the Anti-Money Laundering Regulations including but not limited to the Bank Secrecy Act (BSA), US PATRIOT ACT and OFAC.
• Assumes additional responsibilities as necessary for the continued growth and advancement of the credit union.

Knowledge/Skills:

• Strong interpersonal and communication skills
• Strong organizational and time management skills
• Ability to analyze loan applications documents to ensure accuracy and compliance with investor guidelines
• Thorough knowledge of FNMA guidelines and procedures
• Proficient use of Microsoft Office and mortgage systems applications, including but not limited to: Encompass, WebXtender, XP2, and additional vendor website applications

Minimum Requirements:

• High School Diploma or GED required.
• 1+ year experience in mortgage lending.
• Knowledge of RESPA and Regulation Z is a plus

Everwise is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.