Founders Federal Credit Union · 2 weeks ago
Mortgage Loan Processor
Lancaster, SC, US
Full-time
Onsite
Entry Level
2+ years expFounders Federal Credit Union is dedicated to helping its members achieve their financial goals through exceptional service. They are seeking a Mortgage Loan Processor to manage the mortgage process for members, ensuring timely and accurate file processing while providing excellent member communication throughout the loan lifecycle.
Financial Services
Responsibilities
The primary function of the Mortgage Loan Processor is to serve as the single point of contact for our members throughout the mortgage process and ensure each file is processed in a timely manner with accuracy
They will be responsible for gathering all required documentation and prepare the loan for Underwriting
They must also provide exceptional member service by overseeing the loan process from initial disclosure to closing and provide an on-going communication to all members in process
They will be responsible for accurately managing residential real estate loan documentation through our established systems, and reviewing it to ensure it is completed in full and complies with current regulations and policies
Guide all mortgage applicants through the mortgage process by following the set communication protocol guidelines and performing additional follow up with members when needed
Verify file information from Mortgage Application Processor and Mortgage Loan Officer
Review and confirm the submitted interest rates based on the interest rate sheet, determine when the interest rate can or cannot be locked, and lock application rates when needed
Work closely with Mortgage Loan Officer and mortgage staff to ensure mortgage loan applications are handled in a professional and timely manner
Must have excellent time management and organization skills, high level of accuracy, and the ability to multi-task in a fast pace environment with a high volume work queue
Must maintain integrity of all member sensitive data
Satisfy all loan conditions when received from Mortgage Underwriter, track outstanding documents and follow up with member to collect all required documentation for the mortgage loan
Ascertain loan file readiness for underwriting and submit files to the assigned Mortgage Underwriter
Validate that each loan file approval is within the established lending guidelines
Review credit reports for derogatory credit lines or disputes and other important factors
Proficiently utilize MortgageBot, Imageflow and DocMagic when preparing initial and final mortgage documents
Communicate with other industry professionals, including but not limited to, appraisers, settlement agents, county clerks and insurance companies
Request a real estate appraisal from a licensed real estate appraiser and follow-up until appraisal is received
Request preliminary real estate title opinion or title commitment and follow-up until legal work is received
Verify insurance by obtaining a copy of the policy and must be able to verify policyholders, property address, coverage amounts, policy dates and premiums
Ensure that loan files contain documents with proper signatures, dates, HMDA, escrow and other relevant data. Upload and accurately index all required mortgage documentation into ImageFlow
Set and confirm closing dates with the member and attorney along with adding or updating the information on the SharePoint Closing Calendar
Reflect efficiency and a positive member experience by creating a culture of accountability and high productivity
Must verify borrower’s verification of employment and verification of mortgage/rent when needed
Achieve production goals as established by Founders Federal Credit Union
Comply with Founders’ policies and procedures, as well applicable laws, regulations, and statutes issued by federal agencies such as NCUA and FFIEC, including, but not limited to, GLB and BSA. Employees have legal and regulatory obligations to respect and protect the privacy of information and its integrity and confidentiality
All other duties as assigned
Qualification
Required
Must have a two-year college degree
Two years of prior loan processing experience, or two years of experience within a financial institution
Excellent organizational skills
Communication skills
Self-motivation
Positive attitude
Desire to learn and ability to accept coaching
Ability to work efficiently and independently in a fast-paced environment
Strong attention to detail
General knowledge of the real estate industry
Benefits
Paid Holidays
Paid PTO
Family-oriented culture that values work/life balance
Retirement Plan (401k with employer contributions + Pension Plan fully funded by FFCU)
Comprehensive Health and Dental Insurance
Life and Accidental Death & Dismemberment Insurance (at no cost to employee)
Voluntary Supplemental Life Insurance coverage for employee, spouse, and children
Health Care and Dependent Care Flexible spending accounts
Long Term Care Plan
Short-Term & Long-Term Disability Insurance
Tuition reimbursement to assist with furthering education
Certifications - Assistance with achieving and maintaining
Fit Founders Wellness Program
Company
Founders Federal Credit Union
Founders Federal Credit Union is here to help you attain your financial goals.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Bruce Brumfield
President & CEO
Keith Wilson
COO-Branches & Deposits
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