Residential Mortgage Processing Specialist

2 weeks ago


Orland Park, Illinois, United States C. U. Financial Full time
Job Overview

About Us

C. U. Financial is a Non-Delegated Correspondent Lender with over two decades of expertise, focusing on purchase mortgages and refinancing solutions. Our commitment lies in serving our clients with integrity, transparency, and professionalism. We are expanding our operations and are in search of a skilled Mortgage Loan Processor to enhance our team. While prior experience in a Correspondent Lender or Broker environment is essential, we are open to training qualified candidates who may lack direct experience in Correspondent lending. This role offers a competitive salary that reflects your experience and qualifications.

Key Responsibilities:

  • Oversee and manage a substantial pipeline of mortgage applications to guarantee timely loan funding.
  • Review and evaluate residential mortgage loan applications for completeness and adherence to compliance standards.
  • Utilize underwriting engines such as DU or LP, comparing outcomes with loan documentation and gathering additional documents as required.
  • Facilitate communication and support between Loan Originators and various departments (Sales, Underwriting, Compliance, Funding).
  • Identify changes in circumstances and prepare necessary redisclosures, including Loan Estimates and Closing Disclosures.
  • Assess the risk associated with residential mortgage applications based on established underwriting criteria.
  • Organize and maintain precise file documentation to comply with company and industry standards.
  • Prepare and submit completed loan files to underwriting for decisions based on mandated quality control protocols and regulatory compliance.
  • Resubmit loan files to secure clear to close status and collect required documents prior to closing.
  • Coordinate closing schedules with all involved parties.

Qualifications:

  • Familiarity with Fannie Mae/Freddie Mac lending programs, mortgage insurance guidelines, industry documentation, and Qualified Mortgage underwriting standards.
  • Understanding of compliance and regulatory guidelines, including Fair Lending, TRID, and HMDA reporting.
  • Capability to evaluate Automated Underwriting Findings (DU/LP).
  • Strong verbal and written communication skills.
  • Ability to work independently as well as collaboratively within a team.
  • A minimum of three years of experience in mortgage loan processing for a Correspondent Lender or Mortgage Broker.
  • Exemplary professional work ethics.
  • Mortgage Loan Processor certification is advantageous.
  • Recent experience in a Correspondent lender or Broker environment is necessary.
  • Familiarity with Broker or Independent mortgage processing is beneficial.
  • Experience in Non-Delegated Correspondent lending is a plus.

We invite you to submit your resume and cover letter, detailing your interest in the Mortgage Loan Processor position and how your experience aligns with the outlined requirements.



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