Sr Mortgage Loan Processor

BECU; Virginia (IL); Hybrid; USD 34,000 - 63,000; Full time

Benefits offered by this job

401(k) Match

401(k) Company contribution 4%

Medical, Dental, Vision

PTO + Exchange Program

Tuition Reimbursement

Volunteer time off + donation match

Job summary

BECU is seeking a Sr Mortgage Loan Processor to guide members through the home loan journey, handling conventional, FHA, VA, Jumbo, and portfolio loans. You will verify documents, address conditions, and ensure timely processing from application to closing, aligning with TRID and investor guidelines.

Remote or onsite work is available in approved locations; candidates must be residents of several states. You will collaborate with loan officers and internal partners to maintain quality lending

Qualifications

• Bachelor’s degree or equivalent work or education-related experience.
• Minimum two years of experience as a mortgage loan processor or underwriter or equivalent with an emphasis on conventional, FHA, VA and Jumbo loan products.
• Proficient math skills with a high degree of accuracy.

Responsibilities

• Protect the integrity of every loan: Ensure compliance with applicable requirements.
• Keep files accurate: review AUS findings, verify data and set up files in origination systems.
• Navigate regulatory requirements and complete BKI, COC and Early CD on loans moving to closing.

Skills

Mortgage processing

Underwriting

Attention to detail

Regulatory compliance

Education

Bachelor’s degree or equivalent

Tools

Mortgage software

Job description

Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits?

Our “people helping people” philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose-driven organization where your work makes a real difference.

While we’re proud of our history, we’re even more excited about our future. With business and technology transformation on the horizon, there’s never been a better time to be part of BECU.

You bring more than your expertise to your role, and that matters here. Your story, perspectives, and lived experiences help shape belonging at BECU and deepen how we connect with and support our employees, our members, and our communities.

PAY RANGE

The Target Pay Range for this position is $31.92-$38.85 hourly. The full Pay Range is $24.76-$46.06 hourly. hourly.

BENEFITS – Because People Helping People Starts With Supporting You

• 401(k) Company Match (up to 3%)
• 4% annual contribution to your 401(k) by BECU
• Medical, Dental and Vision (family contributions as well)
• PTO Program + Exchange Program
• Tuition Reimbursement Program
• BECU Cares volunteer time off + donation match

Impact You’ll Make

As a Sr Mortgage Loan Processor, you’ll play a critical role in helping members move confidently through the mortgage lending journey. You’ll use your expertise in conventional, FHA, VA, Jumbo, and BECU portfolio loans to ensure files are processed accurately, efficiently, and in compliance with applicable requirements. Your attention to detail, sound judgment, and ability to navigate complex loan conditions will help create a smooth experience for members and internal partners while keeping each loan on track for closing.

You’ll be trusted to evaluate documentation, identify and resolve conditions, manage critical timelines, and make informed decisions throughout the processing lifecycle. From reviewing automated underwriting findings and property documentation to completing BKI, COC, and Early Closing Disclosure requirements under TRID, your work will directly contribute to quality lending decisions and an exceptional member experience.

To join our dynamic team in this role, we require candidates to be residents of WA, OR, ID, AZ, TX, NC, SC, GA, or VA.

If you’re located in Washington state and within a reasonable driving distance to our Tukwila Headquarters (TFC), we encourage you come into the office on Tuesdays & Wednesdays each week. For those candidates that live outside the commutable distance to TFC and in any of our approved remote work locations, this role will be primarily remote. Remote or onsite, we are committed to ensuring you are fully engaged and included in our collaborative environment.

What You’ll Do

• Protect the integrity of every loan: Perform all responsibilities in accordance with BECU competencies, compliance, regulatory and Information Protection requirements.
• Keep files accurate and complete: Review Automated Underwriting System (AUS) findings to include all red flags, verification messages/approval conditions. Set up files on loan origination systems. Verify the accuracy and integrity of all loan data entered into the system including but not limited to names, addresses, government monitoring information, loan information (i.e. loan amount, interest, terms, lock-in expiration dates, etc.)
• Navigate regulatory requirements: Ensure regulatory requirements are met in processing approved, cancelled, and rejected loan applications while in processing status complete BKI review, COC and the Early CD on all loans moving to closing and subsequently moved for final disposition.
• Deliver TRID requirements on time: While in processing status complete BKI review, change of circumstance and the early Closing Disclosure on all loans pursuant to TRID.
• Manage commitment timelines: Meet all lock in expirations dates or process requests for extensions to the applicant's commitments in accordance with Credit Union policy.
• Keep members informed: Communicate with Loan Officers or Members to ensure member needs are met, provide them with overview of the process and inform the Loan Officer of information necessary to process loan.
• Keep documentation moving: Conduct follow up with outside sources for outstanding documentation to ensure receipt within turn-around time standards.
• Communicate decisions clearly: Complete a final evaluation and analysis of the completed loan file and either approve within delegated authority or send the electronic file for underwriting approval. Process the approved and rejected files by communicating oral and underwriting decisions and conditions to the Loan Officers promptly.
• Apply sound underwriting judgment: Employ prudent judgment to the process of loans utilizing Fannie Mae Desktop Underwriter. Verify income and assets as required in the Desktop Underwriter verification messages and Credit Union policy. Review credit report as needed to address any inconsistencies identified in the Desktop Underwriter findings.
• Keep the pipeline on track: Manage pipeline to reflect accurate closing dates, pursuant to lock expiration, projected close date, appraisal due date, occupancy and state status.
• Evaluate property and title documentation: Review title prior to drawing documents to ensure all matters have been cleared and easements are within the investor guidelines. Review flood certification and analyze all documentation received and determine acceptability. Log documents into the computer system and indicate when condition is satisfied.
• Collaborate on solutions: Work with team in analyzing and solving situations that may arise in the mortgage origination loan process.
• Bring flexibility to the role: Perform additional duties, as may be assigned.

What You’ll Gain

• Mortgage lending expertise: Apply and deepen your experience across conventional, FHA, VA, Jumbo, and BECU portfolio loan products.
• Meaningful member impact: Help create a timely, accurate, and informed mortgage experience for BECU members.
• Cross-functional collaboration: Partner with Loan Officers, underwriting teams, members, and outside sources to move loans successfully through the process.
• Continuous growth: Strengthen your ability to adapt to evolving mortgage, market, regulatory, and technology requirements.
• A fast-paced professional environment: Put your organizational and prioritization skills to work while managing multiple loans and stringent time constraints.

Qualifications

Minimum Qualifications:

• Bachelor’s degree or equivalent work or education-related experience.
• Minimum two years of experience as a mortgage loan processor or underwriter or equivalent with an emphasis on conventional, FHA, VA and Jumbo loan products.

Desired Qualifications

• Completion of FHA CHUM’s and VA LAPP and SARR or equivalent seminars.
• Successful completion of courses and/or seminars relating to mortgage banking processing and underwriting.
• Comply with SAFE Act legislation, which requires annual registration as a Mortgage Loan Originator (MLO).
• Proficient math skills, with a high degree of accuracy.
• Excellent organizational skills.
• Excellent verbal and written skills to effectively communicate.
• Demonstrated ability to adapt to changes within working responsibilities regardless of whether the change is driven internally or by market or regulatory changes.
• Proficient PC skills (including mortgage software), with the ability to learn new software.
• Ability to perform in a multi-tasked environment, with the ability to prioritize tasks within stringent time constraints.
• Full-time hours required, with additional hours as necessary.

EEO Statement

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.