Home Loan Processor
4 weeks ago
Delta Community Credit Union is seeking a skilled Home Loan Processor to join our team. As a Home Loan Processor, you will be responsible for reviewing and verifying mortgage loan documentation related to residential first and second mortgages.
Key Responsibilities:
- Review and verify all documentation in mortgage loan files, including information related to calculation of income, assets, liabilities, and credit reports.
- Initiate and follow up on requests for required documentation, such as appraisals, title reports, flood certificates, homeowner's insurance, verification of employment, tax transcripts, fraud checks, mortgage insurance certificates, and other applicable documentation.
- Ensure mortgage loan files meet underwriting submission guidelines for Fannie Mae, Delta Community Credit Union, or various industry investors.
- Submit mortgage loan files for underwriting approval using Fannie Mae Desktop Underwriter or manual underwriting methods.
- Maintain current policies, guidelines, and compliance related to federal and state mortgage regulations, mortgage insurers, investors, and Delta Community Credit Union.
- Maintain ongoing lines of communication with internal team members, third-party vendors, and borrowers by answering questions regarding loan qualifications, approval, or denial of each mortgage loan file.
- Ensure specified closing timelines are met on each mortgage loan file.
Requirements:
- High School Diploma or equivalent.
- 2+ years' of mortgage loan processing experience using Fannie Mae Guidelines.
- Knowledge of federal regulations, including but not limited to: RESPA, HMDA, ECOA, FCRA, FDPA, and REG Z.
- Ability to competently coordinate activities with underwriters, attorneys, appraisers, and credit union members.
- Excellent communication skills, both oral and written.
- Complies with all Credit Union policies and procedures, including those related to Bank Secrecy Act regulations.
Preferred Qualifications:
- Bachelor's degree in Business or related field of study.
- Extensive knowledge of the mortgage lending programs, including FHA, VA, and various industry investor mortgages.
- Fannie Mae desktop underwriter experience.
- Previous experience with Encompass Loan Origination Software in the past 3 years.
Benefits:
- Medical, Dental, and Vision Coverage.
- Basic Life and Accidental Death & Dismemberment Insurance, Long Term Disability, Employee Assistance Program, and MyAdvocate.
- Supplemental Insurance or Voluntary Insurance.
- 401(k) Plan with Company Match.
- Vacation, Holidays, and Personal Time Off.
- Paid Maternity and Paternity Leave.
- Pre-tax Health and Dependent Care Spending Accounts.
- Benefit Choice Program.
- Health Reward Dollars.
- Discount on Gym Reimbursement and Identity Theft Programs.
- Legal Services.
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