Mortgage Loan Specialist II

Job Summary:

The Home Loan Processor II position is responsible for ordering, gathering, reviewing, and preparing required loan documents for all residential mortgage loans.

This includes ensuring all loan conditions are fulfilled and the loan meets all credit union, regulatory, and secondary market guidelines.

This position has advanced, wide-ranging job knowledge and has demonstrated the ability to handle increased responsibilities in addition to the Loan Processor I role.

Key Responsibilities:

• Review loan application for accuracy, compliance, and completeness ensuring that all loans are prepared and processed to comply with regulatory, lending, investor and secondary market guidelines and policies.
• Order appraisals, title commitments, tax transcripts, income verifications, government case numbers, fraud, and compliance reports.
• Effectively communicate and collaborate with borrower(s), loan officers, realtors, vendors and Operations staff providing status updates and outstanding items to facilitate an organized, accurate, and timely closing.
• Review, collect, and fulfill underwriting conditions.
• Evaluate appraisals, title policies, credit reports, and income verifications.
• Examine supporting documentation and investigate any inconsistencies to identify potential fraud or misrepresentation.
• Ensure re-disclosures are prepared and delivered to the member within regulatory guidelines based on identified change in circumstance.
• Prepare and deliver documents in an accurate and timely manner adhering to regulatory requirements.
• Coordinate loan closing, recording, and funding with escrow.
• Review signed closing documents to ensure accuracy, proper execution, and completeness.
• Prepare and disburse loan.
• Perform post-closing responsibilities including packaging and shipping investor loans.
• Prioritize and monitor daily workload to meet company timeline expectations and lock expirations.
• Meet minimum monthly goals established by management.
• Maintain a thorough working knowledge of all credit union mortgage products.
• Control risk and perform duties in a safe and sound manner maintaining awareness of policies and regulations related to duties and responsibilities.
• Understand and perform Bank Secrecy Act (BSA) functions applicable to job responsibilities.
• Attend credit union training sessions, conferences, or seminars as directed and approved by leadership.

Requirements:

• Construction experience is preferred