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Mortgage Loan Processor
P.O. Box 718 Olympia, Washington 98507
Process Mortgage Loans consistent with secondary market standards and Credit Union policies. Coordinates with the Mortgage Operations Manager, Mortgage Underwriter, Mortgage Loan Officers, and Member Service Officers to ensure that loans are properly processed and adequate controls are maintained.
Complies with established State and Federal regulations as they pertain to transactions/tasks performed and completes necessary paperwork as required by law (i.e., Suspicious Activity Report, Currency Transaction Report, etc.).
Orders appraisals, title, escrow for all mortgage loans if required.
Obtains all documentation from Mortgage Loan Officer as necessary to thoroughly process mortgage loans.
Verifies that all necessary per-disclosures are provided to the members within three days of applications.
Communicates with loan officer when documents re not received in a timely manner.
Reviews documentation for completeness and accuracy. Notifies loan officer of incomplete information.
Works with loan officer to resolve outstanding loan process issues prior to sending file to the underwriter.
Prepares loan package and final application for underwriter, includes all documents required for underwriting.
communicates with loan officer when file has been cleared by underwriter and assists with obtaining additional information as needed.
Insures all credit decisions are made within 30 days of application.
Insures loan denials are mailed/emailed out to member within 24 hours of the underwriters decision to deny the loan request.
Works with loan officer and escrow officer to balance final CD, obtain acknowledgement from member and sets up closing time for loan.
Monitors rate locks with loan officers and advise when pricing changes are required.
Reviews appropriate loan documents prior to the losing/signing of the loan member' s loan.
Maintains and reports on the mortgage loan pipeline. Prepares activity and status reports for management.
High School Graduate or GED
Bachelors Degree (preferred)
Minimum 3-5 years' prior experience in loan processing (funding, servicing, processing; bank/credit union preferred)
Knowledge of real estate lending regulations, underwriting guidelines, and appraisal, deeds and lien recording.
Valid Drivers License
loan processing experience in a financial institution
strong FHA, VA and construction experience preferred