Current jobs related to Mortgage Loan Processor - Beaumont - Education First FCU

Job Summary

The credit union’s sole purpose is to provide quality service. Therefore, the highest priority of each employee is to give top-quality service to our members, prospective members, and staff, whether directly, or through the support of others. The mortgage loan processor will assist in this by answering questions from members on real estate loans and rates. Gather and analyze financial information on members for the purpose of determining qualifying status for mortgage loans. Provide member with applications, interview for routine loans or to obtain additional information, and set up appointments with mortgage loan underwriter. Collate, review, and verify a myriad of mortgage loan documents for accuracy for real estate transactions.

Responsibilities and Duties

• Process applications and verify accuracy for mortgage loans; conduct loan interviews with members when necessary. Follow-up with members to obtain any documentation. Provide all applicable disclosures.
• Process loan to include verification of employment, deposit accounts, and all liabilities in order to prepare application of verified information. Calculate closing costs and provide a good faith estimate for closing costs to member.
• Establish repayment and interest schedule based upon loan guidelines and rates. Prepare closing package, researching and resolving all items in the closing package to ensure closing process is on-time and documentation is complete and accurate. Obtain copy of current homeowner’s insurance, windstorm and flood insurance (if applicable) and ensure the mortgage clause is in favor of credit union.
• Request and evaluate real-estate appraisal to ensure proper guidelines are followed and final value is properly determined. Request flood certification to determine if property is or is not in a flood zone. Order title work from attorney.
• Assists with Home Mortgage Disclosure Act (HMDA) LAR reporting to the Federal Reserve Board.
• Assists with setting up and on-going maintenance of escrow accounts.
• Reviews funded loan files for accuracy and completeness and ensures all liens are properly recorded.

Qualifications and Skills

• Experience: Has experience with different types of mortgage loans, escrow and ARM requirements.
• Education: High school degree or GED required.
• Interpersonal Skills: A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.

Grade 7 Minimum pay $18.76

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