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Valley Strong Credit Union · 2 days ago

Mortgage Loan Processor II

Bakersfield, CA

Full-time

Onsite

Entry Level

$24/hr - $32/hr

1+ years exp

Valley Strong Credit Union is a values-driven organization focused on helping people and communities prosper. The Mortgage Loan Processor II will support the Mortgage Loan Officer in processing mortgage loans, ensuring accuracy and completeness of applications, and acting as a liaison between the credit union and loan applicants.

BankingFinancial ServicesNon Profit

Growth Opportunities

Responsibilities

Review and verify mortgage loan applications for accuracy and completeness

Receive telephone and email inquiries from potential applicants, answers questions, providing information regarding home loan products, quotes rates, fees and payments. Schedule real estate appointments and advises applicants of what documentation is required

Request additional information from outside agencies such as appraisals, preliminary title reports, verifications of employment, deposit, mortgage and rent, property tax information, hazard insurance policies, IRS Transcripts, Flood Cert, Private Mortgage Insurance (PMI) Cert, and additional documentation as needed

Analyze credit reports, income documentation, and asset statements

Act as liaison between Credit Union and loan applicant while loan request is being processed and reviewed

Enter data into the Loan Origination System (LOS). Post fees to the General Ledger accounts

Finalize loan file for the MLO and/or SMLO to review, then submits to the Underwriter for Final Underwriting. Clears underwriting conditions and prepares loan for Final Documents

Set up loan for funding and prepare final figures to Accounting for the Wire transfer

Prepare loan documents for uploading to the Virtual Loan Folder

Other duties may be assigned

All team members must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. This includes the SAFE Act. Failure to do so may result in disciplinary and other employment related actions

Performs other duties as assigned

Qualification

Mortgage loan processingLoan Origination System (LOS)Credit analysisRegulatory complianceMathematical skillsCommunication skillsProblem-solving skills

Required

2 Year / Associate's Degree or equivalent from two-year college or technical school desired but not required; or one year or more credit union experience and/or training; or equivalent combination of education and financial services experience

1 year of experience

Ability to read and comprehend instructions, short correspondence, and memos

Ability to write simple correspondence

Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals

Ability to compute dividends and interest

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists

Ability to interpret a variety of instructions furnished in written or oral form

The Team Member occasionally must lift and/or move up to 10 pounds

Ability to stand for long periods of time

Must be able to process transactions in an efficient manner

Must be able to communicate policies and procedures to Members in an easily understood and professional manner

Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures