Mortgage Loan Processor — Efficient Closings & Compliance

Ascentra Credit Union; Pleasant Valley Township (IA); Hybrid; USD 25,000 - 33,000; Full time

Job summary

Ascentra Credit Union in Bettendorf, IA is seeking a Mortgage Loan Processor to receive originated loan files from Loan Officers and process them efficiently for underwriting, while coordinating with underwriters, loan officers and supervisors to meet closing dates.

The role requires 1 year in mortgage lending, 2 years in financial services, strong communication and organizational skills, and a thorough knowledge of credit union regulations.

Qualifications

• High school diploma or equivalent.
• 1 year experience in mortgage lending.
• 2 years’ experience in the financial industry.
• Excellent communication and organizational skills.
• Pleasant outgoing personality.
• Able to run a 10 key calculator.
• Ability to perform under pressure.
• Thorough knowledge of Credit Consumer laws.
• Knowledge of all laws and regulations regarding this position.
• Excellent analytical skills.
• Ability to sell.
• Team player.
• Knowledge of credit union operations.
• Computer knowledge.
• Decision making skills.

Responsibilities

• Receive originated loan files from Loan Officers. Organize and upload the documents to Imageflow system ensuring readability and quality of upload.
• Contact and communicate with outside business partners including but not limited to insurance agents and closing agents to obtain required information for the loan files while presenting a professional image.
• Prepare and submit mortgage loan files for underwriting review and approval.
• Collaborate with Loan Officers to satisfy and collect required underwriting stipulations.
• Oversee file movement between Loan Officers, Underwriters, and Closing Department with an eye on targeted closing dates and deadlines.
• Verify all documentation throughout the loan process for required signatures and accuracy of information in order to be a second set of eyes for compliance and guideline adherence.
• Collaborate with loan team to ensure that all pertinent account documentation is complete and accurate.
• Prepares and mails approval and denial letters to applicants. Records all data on status of loans.
• Actively and thoughtfully communicate with supervisor, planning their goals and development, taking accountability for their actions and striving for excellence.

Skills

Communication

Organizational skills

Customer service

Team player

Education

High school diploma

Tools

10-key calculator

Job description

Ascentra Credit Union in Bettendorf, IA is seeking a Mortgage Loan Processor to receive originated loan files from Loan Officers and process them efficiently for underwriting, while coordinating with underwriters, loan officers and supervisors to meet closing dates.

The role requires 1 year in mortgage lending, 2 years in financial services, strong communication and organizational skills, and a thorough knowledge of credit union regulations.