Mortgage Loan Processor (San Diego or Glendale)

CALIFORNIA FEDERAL CREDIT UNION; San Diego (CA); On-site; USD 37,000 - 50,000; Full time

Job summary

CALIFORNIA FEDERAL CREDIT UNION inSan Diego or Glendale is seeking a Mortgage Loan Processor to handle the full cycle of loan processing from application to funding. The role requires five years of experience in a financial institution and proficiency with FNMA D/U and LO systems.

The processor will coordinate with loan officers, prepare LE/CD packages, order third-party reports, and ensure documentation meets underwriting and secondary market requirements.

Qualifications

• Five years of work experience as a Mortgage Loan processor in a financial institution or equivalent.
• Must be proficient in FNMA D/U and major Loan Origination and Document Preparation system.
• NMLS registration/licensing required.

Responsibilities

• Provides excellent service to members by completing the loan process timely, efficiently and with minimal errors.
• Receives mortgage loan applications and performs processing and closing duties, including drawing documents, arranging funding, and ensuring fully documented files for underwriting and delivery.
• Inputs loan information into LOS and reviews DU findings, credit reports, title reports, flood certifications, appraisals, and income/assets before final underwriter review.
• Pre-qualifies member to discuss rates, terms and options.
• Produces LE/CD within required timeframes and re-discloses when there is a change of circumstance.
• Acts as primary contact for borrower and realtor to follow up on conditions.

Skills

Excellent member service

Attention to detail

Time management

Organization

Dependable

Self-motivated

Education

NMLS registration/licensing

Tools

Loan Origination System

FNMA D/U

Title/escrow coordination

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Mortgage Loan Processor (San Diego or Glendale)

Full Time Clerical Glendale, CA, US

6 days ago Requisition ID: 1357

Salary Range: $27.46 To $36.26 Hourly

General Summary:

Under general supervision, completes the full cycle of mortgage loan processing from receipt of loan application to final loan documentation process and preparation for funding.

Principal Accountabilities (95%):

• Provides excellent service to members (external and internal) by completing the loan process timely, efficiently and with minimal errors.
• Upon receipt of mortgage loan application from loan officer Processor is responsible for duties related to loan processing and closing. Includes identifying aspects of the transaction that may require additional special attention, drawing loan documents, arranging for funding, and ensuring that files are fully documented for underwriting and delivery on the secondary market.
• Inputs loan information into LOS (Loan Origination System) and FNMA D/U. Reviews and evaluates DU findings, credit reports, preliminary title reports, flood certifications, appraisals, and income and asset documentation prior to forwarding the file to underwriter for final approval. Orders 3 rd party reports and validates information as required by the loan process.
• Pre-qualifies member to include discussing, rates, terms and/or financial options.
• Produces LE/CD within required time frames and according to regulations. Re-discloses loan when there is a change of circumstance.
• Issues the Pre-Approval, Conditional Letter of Approval or Incomplete Notice to the borrower within the established service level agreement.
• Understands and researches all Investor guidelines and is up to date in any and all program changes that affect the processing or originating of loans in the pipeline.
• Acts as Primary contact for borrower and realtor to follow-up on all underwriting and compliance related conditions.
• Opens title and escrow orders on loan. Reviews title report to ensure Credit Union will have a clear title to the property.
• Produces final closing documents and closing instructions for title/escrow. Coordinates signing of final closing documents to ensure timely funding and delivery to Investors.
• Completes loan locks with investors and communicates lock expiration date and requirements to member to ensure established rates and gains on loans sold to Investors are met.
• Maintains communication with manager and loan agents regarding the status of loans with issues or not moving through the pipeline in a timely manner.

Secondary Accountabilities (5%):

• Performs other duties as assigned
• Complies with BSA requirements as commensurate with position.

Position Requirement and Qualifications:

Abilities:

Excellent member service skills to include both written and verbal communication. Must be accurate, detail-orientated and possess time-management, and organization. Must be dependable, self-motivated and require minimal supervision. Able to handle competing priorities.

Knowledge, Education, Certifications, Licenses:

Requires a strong working knowledge of mortgage loan terminology, documentation, lending policies, guidelines, and investor requirements. Must be proficient in FNMA D/U and major Loan Origination and Document Preparation system. NMLS registration/licensing required.

Experience:

Five years of work experience as a Mortgage Loan processor in a financial institution or equivalent required.

Working Conditions and Physical Demands:

Work is performed in a general office environment. This position does not require significant physical effort. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. Refer to the Safety & Health Policy found in California Credit Union's Employee Handbook.