GTE Financial · 15 hours ago
Mortgage Loan Processor II
Tampa, FL
Full-time
Hybrid
Mid Level
3+ years expGTE Financial is seeking a Mortgage Loan Processor II to join their team. The role involves reviewing and analyzing documentation for mortgage and home equity loan approvals, ensuring compliance with various guidelines, and acting as a point of contact for members throughout the loan process.
Financial Services
Responsibilities
Counsel and advise callers on new mortgage loan options and/or required documentation
Answers calls when presented directly and on ACD line assigned and returns voicemail messages the same day whenever possible and follows up with all members according to commitments made
Direct the loan to the Underwriters if it does not meet minimum standards or if it is required based on the loan product or situation as defined in the Product Guidelines
Communicates lending decisions and advises members of documentation needed to process a request. Keeps members engaged and informed until the loan is ready for closing. Follows up after closing to ensure questions are answered, and needs are met
Retains and enhances mortgage acumen and specifically maintain knowledge of mortgage products and services offered by the credit union
Reinforce the selling points of our loan types, rates, payments, and terms of mortgage products
Orders and follows up on vendor orders such as Title, verifications of employment, SS verification, and tax transcripts
Ensures disclosures and appraisals are received, and loans submitted to underwriting to be denied based on regulatory requirements
Ensure appraisals or any valuation report of subject property are compliantly delivered to members
Uploads valid documentation used to obtain loan approval
Knowledgeable in all facets of processing in accordance with guidelines for the Government Sponsored Enterprises (GSEs), credit union portfolio products, mortgage insurance requirements, FHA, and VA regulations
Responsible for verifying application data to ensure it is accurate including product type and the amount of mortgage, borrower assets, liabilities, and length of employment by utilizing documentation provided and required
Validates loan information to include verification of employment, verification of deposit accounts, and all liabilities to prepare an application for final approval and submits to underwriting to clear conditions as appropriate
Recommend counteroffers and recommend that loan denial when they do not meet minimum standards
Communicates to members any additional documentation required to meet guideline requirements
Ensures that all data is accurate in the loan origination system and the resulting findings from the automated underwriting system are in sync
Completes calculations as needed for Assets and Income (using W2s, Tax Returns, Paystubs) and updates loan software as appropriate
Reviews service orders for accuracy, such as: Credit report to determine the credit worthiness of applicant based on industry standards for collateral/equity value- questions discrepancies and disputes. Homeowner’s insurance and flood insurance (if applicable) ensuring mortgagee clause is in favor of credit union and rating is B or better. Flood certifications and other verifications to prepare a file for closing title commitment for liens and legal description accuracy
Perform all responsibilities in accordance with current organizational goals and standards
Completes path tabs in Encompass as shown in the Processing Procedure Manual
For the purpose of maintaining Credit Union goals, it is the responsibility of each employee to strive for the continuous quality improvement of processes and quality of service to internal and external customers
All work responsibilities are subject to having performance goals and targets established as part of the bi-annual performance planning review or as the result of organizational goal and production planning
Must demonstrate a functional knowledge of the Bank Secrecy Act in addition to other Federal laws, including but not limited to U.S. Patriot Act, Office of Foreign Assets & Control, Anti-Money Laundering, Right to Financial Privacy Act, and the Bank Bribery Act
Qualification
Required
High school diploma or equivalent
Minimum 3-5 years' experience or a combination of education and experience
Must demonstrate a functional knowledge of the Bank Secrecy Act in addition to other Federal laws, including but not limited to U.S. Patriot Act, Office of Foreign Assets & Control, Anti-Money Laundering, Right to Financial Privacy Act, and the Bank Bribery Act
A quiet workplace so you can focus on delivering excellent service to our members
Required to have power and high-speed internet over 100MB (minimum)
Video capability (connection of 1.5 Mbps up and down recommended)
Candidates must provide and meet all technical requirements prior to the first day of training
Hybrid candidates must live within driving distance of the office location and be able to regularly commute to and from the office location as needed
Preferred
Some college preferred
Mortgage Loan Processing experience preferred
Understanding of acceptable FNMA/Freddie Mac documentation requirements and calculations desired
Bilingual preferred (English/Spanish)
Company
GTE Financial
GTE Financial is locally owned and operated financial institutions.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Brad Baker
EVP/CFO
Dona Svehla
Sr. Vice President, Chief Lending Officer
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