Mortgage Loan Processor

IHMVCU; Moline (IL); On-site; USD 35,000 - 48,000; Full time

Benefits offered by this job

On-site gym

Competitive compensation

401(k) with company match and profit分享

Paid holidays and generous paid time 0

Tuition reimbursement

Paid community volunteer opportunities

Health, dental, and vision insurance

On-site fitness center

Job summary

IHMVCU is seeking a detail-oriented Mortgage Loan Processor to manage the mortgage loan workflow from application through closing at our River Drive headquarters in Moline, IL. You will verify documents, coordinate with partners, and ensure compliance while delivering an outstanding member experience.

The ideal candidate has 2+ years in mortgage operations, strong organizational skills, and the ability to work in a fast-paced environment. Join a supportive team with competitive pay and benefits.

Qualifications

• High school diploma or equivalent required.
• Minimum of 2 years of experience in mortgage loan operations or equivalent.
• Ability to prioritize assignments and manage large volumes of details.
• Excellent accuracy and attention to detail.
• Clear, professional communication with a focus on member satisfaction.
• Ability to work independently and as part of a team in a fast-paced environment.

Responsibilities

• Review mortgage loan applications for completeness and accuracy prior to underwriting submission.
• Verify income, employment, assets, credit, and other documentation to ensure compliance with guidelines.
• Order and track verifications of employment or deposit.
• Communicate with loan officers to obtain outstanding documentation or clarify details.
• Prepare and update loan files in the origination system for accurate data entry.
• Review and clear underwriting conditions within established timelines.
• Maintain detailed records of all correspondence and file updates.
• Monitor pipeline reports and manage assigned loan files to meet SLAs.
• Maintain knowledge of mortgage products, investor requirements, and regulatory changes.
• Support process improvements to increase efficiency and member satisfaction.

Skills

Attention to detail

Organization

Communication skills

Teamwork

Education

Associate's or Bachelor's degree in Finance, Business, or related field preferred

Job description

Join our team as a detail-oriented Mortgage Loan Processor at IHMVCU!

We are committed to providing exceptional financial services to our members and community. We believe in fostering a collaborative and supportive work environment where every team member can thrive.

This role is located at our beautiful headquarters on River Drive in Moline, IL. Our facility includes a comfortable office environment with an on-site gym facility.

Summary Of Position

The Mortgage Loan Processor is responsible for managing the mortgage loan process from approval to closing, ensuring all required documentation is accurate, complete, and compliant with internal policies and regulatory guidelines. This team member plays a vital role in preparing loan files for underwriting and closing by reviewing applications, verifying information, and coordinating with internal and external partners to resolve any outstanding conditions. The position requires strong attention to detail, organizational skills, and the ability to manage multiple files in a deadline-driven environment. The ideal candidate demonstrates sound judgment, proactive communication, and a commitment to providing an exceptional member experience.

The Successful Candidate Should Have Following Skills/qualifications

• High school diploma or equivalent required; Associate's or Bachelor's degree in Finance, Business, or related field preferred.
• Minimum of 2 years of experience in mortgage loan operations, or a combination of equivalent experience and education.
• Ability to prioritize assignments and organize work efficiently, to handle large volumes of details required.
• Excellent accuracy and attention to detail.
• Clear, professional communication skills with a focus on member satisfaction and support.
• Ability to work independently and as part of a team in a fast-paced environment.

Key Responsibilities

• Review mortgage loan applications for completeness and accuracy prior to underwriting submission.
• Verify income, employment, assets, credit, and other required documentation to ensure compliance with loan program guidelines and internal policies.
• Order and track verifications of employment or deposit.
• Communicate with loan officers to obtain outstanding documentation or clarify application details.
• Prepare and update loan files within the loan origination system to ensure accurate data entry and documentation.
• Review and clear underwriting conditions within established timelines.
• Maintain detailed records of all correspondence, documentation, and file updates.
• Monitor pipeline reports and manage assigned loan files to meet established service level expectations.
• Maintain working knowledge of mortgage products, investor requirements, and regulatory changes affecting loan processing.
• Support continuous process improvements to increase efficiency, accuracy, and member satisfaction.

Why Join IHMVCU?

Being part of Team IHMVCU is more than just a job. It's an opportunity to make a positive impact on our members, our communities, and your career.

We Offer

• Outstanding training, support, and resources to help you succeed.
• Competitive compensation.
• 401(k) with company match and profit sharing.
• Paid holidays and generous paid time off.
• Tuition reimbursement.
• Paid community volunteer opportunities.
• Comprehensive health, dental, and vision insurance.
• Access to our on-site fitness center.

Final compensation will be determined by various factors such as experience, specific skills and internal pay equity.

Physical Requirements

• Sitting: Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.
• Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
• Lifting Demands: Up to 10 lbs.
• Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.

Salary: $17.00 - $23.00 per hour