Mortgage Processing Specialist

MCT Credit Union; Port Neches (TX); On-site; USD 42,000 - 54,000; Full time

Job summary

MCT Credit Union in Port Neches, TX is seeking a Mortgage Processor to provide clerical support for mortgage loan processing, receive, evaluate, and review loan applications, and prepare documents for underwriting and closing.

The position reports to the Vice President of Real Estate and requires strong organization, accuracy, and professional communication. Prior mortgage processing experience is preferred, with on-site work in Beaumont/Port Neches, TX.

Qualifications

• A high school education or GED.
• Understanding of mortgage loan processing functions, including FNMA, FHLMC, FHA/VA and conventional lending.
• Knowledge of mortgage related requirements, procedures, and underwriting criteria.
• One year to three years of similar or related experience.
• Good verbal and public relations skills.
• Strong typing abilities.
• Good basic math skills.
• Able to use related computer applications.
• Well organized.

Responsibilities

• Assumes responsibility for providing effective clerical support for all phases of mortgage loan activities.
• Reviews new loan applications.
• Prepares and issues conditional loan approvals for borrowers.
• Orders appraisals, credit reports, and title reports. Logs dollar amounts received and verifies employment, salary, assets, and liabilities.
• Resolves loan application problems. Assists applicants with addressing credit report problems, low appraisals, low salary levels, and high debt ratios.
• Reviews information for completeness and accuracy. Clarifies missing or questionable information. Follows up with outside sources of outstanding documents. Ensures that all necessary items are available for underwriting. Tracks development of information to ensure compliance with underwriting guidelines. Resolves conditions of underwriting. Submits loans for final approval.
• Communicates status of loans to buyer, seller, realtor, and title company.
• Prepares files for closing. Checks current PR, appraisal, and interest rate lock. Obtains records for homeowner's insurance and flood certification.
• Performs necessary post-closing conditions requirements.
• Prepares miscellaneous correspondence and status reports.
• Assumes responsibility for establishing and maintaining professional business relationships with members and mortgage professionals.
• Resolves (or refers) requests and problems promptly and courteously. Answers member loan questions regarding applications in the process of approval.
• Keeps members and realtors properly informed of Credit Union policies and procedures. Notifies members of additional information required.
• Maintains and conveys the Credit Union's professional reputation.
• Assumes responsibility for establishing and maintaining effective coordination and communication with Credit Union personnel and with management.
• Assists and supports Mortgage Loan personnel as needed.
• Completes reports and records promptly and accurately.
• Attends meetings as required.
• Keeps management informed of area activities and of any significant problems.
• Assumes responsibility for related duties as required or assigned.
• Performs miscellaneous clerical functions as needed.
• Keeps work area clean, secure, and well-maintained.
• Replaces absent Mortgage Loan personnel as required.
• Professionally cross-sells Credit Union services.

Skills

Verbal skills

Public relations

Typing

Math skills

Computer apps

Organization

Education

High school diploma / GED

Tools

Mortgage processing systems

Job description

MCT Credit Union in Port Neches, TX is seeking a Mortgage Processor to provide clerical support for mortgage loan processing, receive, evaluate, and review loan applications, and prepare documents for underwriting and closing.

The position reports to the Vice President of Real Estate and requires strong organization, accuracy, and professional communication. Prior mortgage processing experience is preferred, with on-site work in Beaumont/Port Neches, TX.