Sr Mortgage Processing Specialist

    • Job Tracking ID: 512165-737553
    • Job Location: Westminster, CO
    • Job Level: Any
    • Level of Education: Any
    • Job Type: Full-Time/Regular
    • Date Updated: 08/06/2020
    • Years of Experience: Any
    • Starting Date: ASAP
    • Days of the Week: Mon,Tue,Wed,Thurs,Fri
    • Hours: full time 40hrs/wk M-F 8-5
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Job Description

POSITION SUMMARY:

To process mortgage loans from applications received from Loan Originators to submitting to underwriting, clearing conditions and obtaining final approval. Assure compliance with regulatory and investor guidelines including, but not limited to, RESPA, HUD, FHA, FNMA/FHLMC, USDA guidelines and Processing standards set by Premier Members Credit Union. As a processor, you will be expected to demonstrate a sense of urgency, willingness to work closely with others and be part of a team. Assume primary responsibility for the loan process and proactively communicate with internal staff members, title companies and appraisers and all levels of interaction with whomever necessary to complete your process of the loan file. Respond to processing standards and expediently resolve loan file processing problems. You will be expected to ensure pricing and fees are accurately reflected on each transaction and obtain and review all necessary appraisals, title and tax certificates, credit documents, mortgage insurance, flood and hazard insurance, HOA certificates, payoff statements, income documents and all 3rd party documents, subordination agreements and other documents as required. Maintain knowledge of regulatory changes, external and internal compliance requirements as it applies to the loan process to ensure loan salability. Loan Processors should adhere to all Federal and State laws and regulations as it pertains to the loan process, including the Bank Secrecy Act.

ESSENTIAL FUNCTIONS:

  • Obtain and assemble complete loan package in proper order for underwriting. Verify all required documentation (pre-underwrite) in the file. Complete required loan checklist.

  • Verify the loan file is complete and accurate.  Verifies documentation submitted and identifies any potential issues that may arise in underwriting.
  • Performs a thorough review and analysis of borrower’s credit, employment, income and assets as required by the particular program before submitting the file to the underwriter. Prepares a loan approval summary, the 1008 and the 1003 and ensures the accuracy of all the information printed on said documents. Responsible to hand over a completely documented file to the underwriter which is ready for approval or denial.
  • Order Appraisals using a round robin system
  • Directly communicate with Loan Originator & Department Manager in writing and/or by telephone or and in person in order to obtain initial and missing documentation required to qualify for the loan, including but not limited to income information, asset information, credit authorization, trust agreements, purchase agreements, etc.
  • Review loans for compliance within RESPA, TIL, HMDA, Reg. B, etc. (all mortgage related regulations). Prepare proper disclosures as required by regulations.
  • Communicate with various companies to obtain Flood Certificate, Title Commitment, Appraisals and payoff information. Verify vendor orders are complete and invoices received, and all are in the applicant’s efile.
  • Manage pipeline by reports within allotted turn-around times. Assist set-up of loans.
  • Document all communication related to the loan application in the conversation log

 

 

QUALIFICATIONS

 

Education/Certification:      

  • High school diploma or GED

     

Required Knowledge:

  • Knowledge of federal lending regulations governing residential real estate lending

  • Thorough knowledge of loan processing procedures, credit policies, approval processes, loan documents knowledge, underwriting requirements per loan type, governmental and agency requirements, terminology and automated processing systems knowledge

     

Experience Required:              

  • Minimum of 3 years recent FHA, VA, USDA and Conv processing experience

  • Recent and consistent experience with all GSE investors, DU, LP and DE preferred

  • National Mortgage Licensing System and Registry (NMLS) registration under the terms of the Safe Act of 2008 or re-register and move your previous registration to Premier Members Credit Union's registration rolls

     

Skills/Abilities:

  • Demonstrates a high level of integrity, character and professionalism with every associate, customer and loan partner interaction

  • Proficient at meeting daily lending demands for members and departmental/personal goals

  • Well developed and proven ability to consistently manage multiple tasks/projects and deadlines simultaneously as well as thrive and maintain high performance levels in a fast paced environment and/or stressful situations

  • Strong PC skills (MS Office) required - experience with mortgage origination systems/banking systems particularly relating to processing

  • Demonstrate teamwork, customer service and follow-up skills required

  • Excellent organizational skills and written/verbal communication skills required

  • Good analytical ability. Strong problem solving skills. Attention to detail and be well organized.

WORKING CONDITIONS

  • Standard office conditions

  • Low to moderate noise

  • Limited lifting up to 10 lbs.

 

 

This description has been reviewed to ensure that only essential functions and basic duties have been included.  Peripheral tasks, only incidentally related to each position, have been excluded.  Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions.  In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive.  Additional functions and requirements may be assigned by supervisors as deemed appropriate. 

 

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals.  However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.


The Credit Union believes that each employee makes a significant contribution to our success.  That contribution should not be limited by the assigned responsibilities.  Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent.  It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.

Job descriptions are not intended as and do not create employment contracts.  The organization maintains its status as an at-will employer.  Employees can be terminated for any reason not prohibited by law.

Experience and Skills

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