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Sidney Federal Credit Union · 16 hours ago

Mortgage Loan Processor

Sidney,NY,US

Full-time

Hybrid

Entry Level

$22.30/hr - $27.87/hr

1+ years exp

Sidney Federal Credit Union is an innovative and growing organization focused on member and employee growth. The Mortgage Loan Processor will provide guidance in fulfilling loan qualification requirements while ensuring exceptional member service and communication throughout the home loan lending process.

Banking

Responsibilities

Works with borrowers, tax authorities and agents to gather any necessary tax and/or insurance bills, update Core with premiums to be paid and handles the disbursement of those funds as needed in order to satisfy our escrow obligations

Prepares and processes documentation for mortgage and home equity applications. This includes preparation of any necessary General Ledger entries, fee processing or other necessary transactions

Reviews and evaluates loan documentation to ensure all necessary forms are in the file

Order services that are needed for a real estate file. This includes, but not limited to value determinations, flood determinations, initial and final employment verifications

Contacts borrowers to inform them of the status of their real estate transactions throughout the process. Handles inquiries from CU staff, phone calls, emails, etc

Completes escrow analysis in a timely manner and accurately. This includes, but not limited to updated Core data, mailing out the statements and answering questions about it

Funds real estate loans after verify accuracy of documentation. Follows up with any corrections as needed

Prepares and reconciles bills to include, but not limited to, AMC, Title Bills, etc

Manage and cure any quality control loan issues that require borrower communication

Prepares discharge paperwork. Sends documents to be recorded with the county via mail/electronic means to include discharges and new mortgages

Assembles and organizes documents in loan file, including acceptance or denials

Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending

Performs all duties of the Mortgage Loan Originator position as needed. This includes interviewing prospective loan applicants and offering the best product for their needs

Performs other job-related duties as assigned

Qualification

Mortgage Loan ProcessingAttention to DetailCommunication SkillsTime ManagementProfessional AppearanceInterpersonal SkillsConfidentiality HandlingWork Under Pressure

Required

One years to three years of similar or related experience

A high school education or GED

Courtesy, tact, and diplomacy are essential elements of the job

Above average aptitude for figures and ability to pay close attention to detail

Above average communication skills, both written and verbal

Ability to work well under pressure

A professional appearance and demeanor

Ability to handle confidential information according to company policies and banking regulations

Time management skills and ability to prioritize

This position requires the employee to register as a Mortgage Loan Originator (MLO) with the Nationwide Mortgage Licensing System & Registry and obtain a unique identifier number prior to performing any function that would meet the definition of MLO activities