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Veridian Credit Union · 9 hours ago

Mortgage Loan Processor - FT

Ankeny, IA, US

Full-time

Hybrid

Entry Level

2+ years exp

Veridian Credit Union is an award-winning financial institution seeking a Mortgage Loan Processor. The role involves verifying mortgage loan applications, preparing loan files for underwriting, and ensuring all necessary documentation is in place for loan approval.

BankingCredit CardsFinancial Services

Responsibilities

Verify and organize all application documents (Income and asset statements, debt to income ratios, AUS underwriting findings, etc.) in loan origination system for accuracy, to make sure package is complete for internal or secondary market review

Submit loan files to underwriting in a timely manner. Make phone calls, email or send written requests to follow up with members, loan originators, attorneys, underwriters and/or third parties to clear conditions required for loan approval

Order and review appraisals, AVM's, flood certifications, credit supplements, homeowner’s insurance and verifications as necessary for loan approval. Submit completed appraisal reports to underwriting and/or the Uniform Collateral Data Portal

Create and mail approval letters to members regarding loan approval and outstanding items needed prior to loan closing

Order title and clear preliminary title report of any item(s) that will prevent attaining the appropriate lien positions. Work with closing agent to ensure they have gathered necessary documentation. Obtain subordination agreements, releases, lien affidavits, child support payments, etc. as necessary to clear for clear title

Work with members, realtors and closing agents to set up closing date and time and prepare loan for closing by gathering additional data such as property taxes, payoffs, and additional forms as necessary

Order undisclosed liability reports to insure debts are still accurate on loan applications

Represent the Credit Union in contact and status inquiries with realtors, attorneys, vendors and members. Work with all parties to resolve settlement issues prior to closing

Maintain accurate follow-up on all closed mortgage loans. Follow up on pre-closing and post-closing conditions which include compliance with secondary market follow-up documentation and funding

Maintain pipeline management with loan originator including assistance with monitoring rate, funding, and delivery expiration dates, mailing out denial letters, withdrawing incomplete applications, as well as complying with HMDA regulations

Reconcile closed loan report at month end with actual closed loans for management reporting

Ability, availability, and willingness to work flexible hours to accommodate loan volume during periods of peak demand

Review loan files for completeness upon receipt and update data in the loan origination system as needed

Communicate with members in our point of sale system about their loan progress and items needed for approval on their application

Ability, availability, and willingness to work additional hours to accommodate loan volume during periods of peak demand

Qualification

Lending experienceLoan processingMicrosoft ExcelLoan procedures knowledgeRegulatory requirements knowledgeOral communicationWritten communicationAttention to detailOrganizational skillsProblem solving