Mortgage Loan Processor

Coast360 Federal Credit Union; Guam; On-site; USD 42,000 - 64,000; Full time

Job summary

Coast360 Federal Credit Union in Guam is seeking a Mortgage Loan Processor to assist in processing mortgage loan activities and ensure timely adjudication with proper documentation. Responsibilities include ordering title, appraisals, credit reports, flood certificates, monitoring documents from receipt to recording, and verifying credit information with bureaus and references.

You will support policy compliance, cross-sell credit union services, and assist staff in credit processing in a

Qualifications

• A high school diploma or GED is required; plus 1–3 years related experience in mortgage lending.
• Equivalent combination of formal training and/or experience acceptable.
• Ability to read and comprehend simple instructions and write simple correspondence.
• Proficient in using Microsoft Office and standard office equipment.

Responsibilities

• Orders title, appraisal, credit reports, and flood certificates where applicable.
• Monitors status of documents from receipt to final recordation and filing.
• Verifies applicant’s credit by contacting credit bureaus, employers and personal references.
• Reviews title reports, flood certificates, home insurance, and appraisal for policy compliance.
• Cross-sells members on benefits of other credit union services.
• Prepares credit information to establish credit limits based on standards.
• Notifies applicants by mail, telephone, or in person of acceptance or rejection.
• Assists department staff in processing credit granting activities efficiently.
• Performs other duties as assigned.

Skills

Mortgage lending knowledge

Attention to detail

Communication skills

Customer service

Education

High School Diploma or GED

Tools

Microsoft Office

Office equipment operation

Job description

Overview

Position Type

Full Time

Mortgage Loan Processor Job Posting

SUMMARY:

Assists in the processing of mortgage loan activities

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following job functions. Other job functions may be assigned from time to time. The job functions contained herein are intended to be supplemented by “Task Lists” which describe various individual tasks associated with each job function.

• Orders title, appraisal, credit reports, and flood certificates where applicable.
• Monitors status of documents from receipt to final recordation and filing to include booking of loans on the system.
• Verifies applicant’s credit by contacting credit bureaus, employers and personal references.
• Reviews title reports, flood certificates, home insurance, and appraisal for compliance to policy.
• Cross-sells members on the benefits of utilizing other credit union services.
• Assists in the preparation of credit information necessary to establish credit limit, including such factors as applicant's assets, credit experience, and personal references, based on predetermined standards.
• Notifies applicants by mail, telephone, or in person of acceptance or rejection of application.
• Assists department staff in efficiently and effectively processing the various activities involved in credit granting.
• Performs other duties as might be assigned from time to time.

SUPERVISORY RESPONSIBILITIES:

None.

PERFORMANCE STANDARDS:

Performs functions in an accurate and timely manner. Utilizes interpersonal skills effectively in a team environment. Displays leadership ability plus a professional attitude and appearance at all times.

Qualifications

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:

A high school diploma or general equivalency diploma (GED) is required; plus one to three years related experience in mortgage lending; or any equivalent combination of formal training and/or experience which provides the necessary knowledge, skills, and abilities thereof.

LANGUAGE SKILLS:

Ability to read and comprehend simple instructions, short correspondence, and memoranda. Ability to write simple correspondence. Ability to effectively present information in one‑on‑one and small group situations to employees and customers of the organization.

MATHEMATICAL SKILLS:

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percentages.

REASONING ABILITY:

Ability to apply common sense understanding to carry out detailed written or oral instructions. Ability to deal with problems involving few concrete variables in standardized situations.

CERTIFICATES, LICENSES, REGISTRATIONS:

No requirement.

OTHER SKILLS and ABILITIES:

Ability to operate standard office equipment and tools such as postage machine, fax machine, telephones, photocopier, typewriter, and utilize appropriate versions of current computer software (e.g., Microsoft Office).

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; and stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, depth perception, and the ability to adjust focus.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee occasionally works near moving mechanical parts and in the vault. Required to store supplies and inventory to a height of five feet.

The noise level in the work environment is usually quiet.

MENTAL DEMANDS:

The mental characteristics necessary to competently perform this job include the need to routinely assist others in completing tasks; the frequent need to resolve problems, and the continuous need to be alert, precise, and exercise patience and reason in dealing with members and fellow employees.