Mortgage Loan Processor

Mmbba; Evansville (IN); On-site; USD 42,000 - 62,000; Full time

Benefits offered by this job

Paid Holidays

Paid Time Off

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Matching

Life Insurance

Short Term Disability Insurance

Long Term Disability Insurance

Tuition Reimbursement

Job summary

Liberty FCU is seeking an experienced Mortgage Loan Processor to manage residential loan documentation and ensure compliance with banking regulations. The role includes reviewing appraisals, running underwriting findings, and assembling files for underwriting, with occasional Saturday shifts on a rotating basis.

Candidates should be proficient with Word and Excel, and able to coordinate with members and vendors to obtain complete documentation.

Qualifications

• Experience processing mortgage loan files and ensuring compliance with banking regulations.
• Ability to review appraisals and underwriting findings for accuracy.
• Familiarity with mortgage products and documentation standards.

Responsibilities

• Process mortgage loan files, clear liens and verify appraisals.
• Review underwriting findings and ensure required documents meet standards.
• Assemble loan files in the LOS for underwriting submission.
• Request and verify supporting documentation from third parties.

Tools

Word

Excel

Job description

Liberty FCU, a full-service credit union, is currently seeking an experienced Mortgage Loan Processor to join our team. The successful applicant will be responsible for accurately managing residential loan documentation through our established systems and reviewing it to ensure that it is completed in full and complies with current banking regulations and policies. Candidates must be available to work Saturdays on a rotating basis.

Duties and responsibilities include but are not limited to the following:

• Process mortgage loan files:
  • Clear liens, judgments and flood certificates.
  • Review appraisals for accuracy and confirm that the appraisal meets secondary marketing guidelines.
  • Run and review automated underwriting systems findings prior to sending to underwriters.
  • Review all supporting documents in mortgage file to ensure required documents meet underwriting standards including income (including tax returns when needed), assets, liabilities and title.
  • Assemble loan files in the mortgage loan origination system in order for submission to underwriting.
• Request supporting documentation from third parties including the ordering of tax transcripts as required for loan files.
• Update the loan origination system as verifications are received from the member and vendors.
• Clear non-member facing underwriting conditions imposed by the underwriters.
• Maintain a working knowledge of all credit union mortgage products.
• Develop a working knowledge of the credit union's data processing system, loan origination system, Word, and EXCEL software.

Benefits and Compensation:

• Paid Holidays
• Paid Time Off (Vacation, Sick and Personal Days)
• Medical, Dental and Vision Insurance
• 401(k) retirement program with matching funds
• Employer paid Group Term Life Insurance, Short Term and Long Term Disability Insurance
• Tuition Reimbursement Program

Liberty FCU is an Equal Opportunity Employer, Minority/Female/Disability/Protected Veteran.

PI286204933