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UW Credit Union · 2 days ago

Mortgage Loan Processor

Madison, WI

Full-time

Onsite

New Grad, Entry Level

0+ years exp

UW Credit Union is a premier financial institution in Wisconsin, and they are seeking a Mortgage Loan Processor to join their Mortgage Lending department. The role involves processing loans, ensuring compliance with guidelines, and providing excellent member service throughout the lending process.

BankingFinancial ServicesMortgage

Responsibilities

Process basic to complex loan files by income analysis, credit bureau review, repayment ability, and property value

Deliver top notch guidance to members on loan documentation and application process

Collaborate with loan officers to ensure quality service, including the effective handling of inquiries from realtors, members, and vendors

Analyze loan applications for accuracy and compliance requirements. Submit for approval at various times and obtain complete information for all findings

Communicate with loan originator on deadlines and outstanding documentation

Consistently meet deadlines including commitment due dates, rate expirations, and closing dates and times

Perform initial property appraisal review. Send title and appraisal order confirmations to vendors

Pay vendors, close out LIP, and cancel services for denied/withdrawn loans

Maintain working knowledge of various mortgage product options including fixed rate, adjustable rate, WHEDA, and lot loans

Maintain a current understanding of all policies, investor guidelines, and state and federal guidelines related to saleability of the loan i.e. TRID, RESPA, etc

Maintain knowledge of all private investor/FNMA/FHLMA/FHLB/Government/Secondary Market underwriting guidelines

Educate members about underwriting guidelines and internal policies

Work collaboratively with fellow Mortgage Lending Division team members regarding error resolution