Mortgage Loan Processor

The Mortgage Loan Processor is responsible for the compilation, verification, and review of mortgage loan applications. The Mortgage Loan Processor works closely with Mortgage Loan Officers to ensure a timely and accurate experience for our members throughout the entire mortgage process that does not involve analysis or decision-making.

Duties :

• Oversees loan files received from Mortgage Loan Officers (MLOs) through Final Approval.
• Retrieves and reviews initial disclosures from borrowers. Works with MLOs to address inconsistencies and ensure data is accurate.
• Prepares credit and collateral packages for submission to underwriting.
• Orders appraisals and completes a comprehensive review of the appraisal upon receipt.
• Obtains verifications of employment, mortgage, rent, insurance and other items necessary to document the loan application.
• Maintain a filing system and procedures to monitor that the required documentation is received and appropriately and according to policies and procedures.
• Coordinates with MLOs and members to address underwriting conditions and prepare the file for resubmission.
• Orders tax transcripts from the Internal Revenue Service.
• Maintain constant communication with loan officers regarding updates and any missing documentation.
• Orders and reviews pest inspection, appraisal, and flood.
• Orders additional inspection, if necessary, based on the initial inspection requested.
• Generate redisclosures and cover letters when applicable.
• Report invoices and payment of service providers to Accounting.
• Coordinates loan closings with attorneys and LCCU closing staff.
• Help train new loan processors and other processing personnel.
• Assists with other tasks and projects as assigned.

Requirements

• High School diploma or GED equivalent with 2+ years of recent mortgage lending experience or Bachelor’s degree in a related field preferred.
• Experience with Mortgage LOS system(s) and / or TRID compliance preferred.
• Professional working proficiency in English and Spanish as required.
• Strong organizational skills and attention to detail.
• Ability to perform efficiently in a fast-paced, multi-task environment.
• Maintains a professional demeanor in interactions with colleagues.
• Proficiency in Microsoft Office and other computer software, including email functions.
• Excellent communication skills with internal teams and external vendors including Real Estate Agents.
• Must be able to sit at a desk for long periods of time and use a computer.
• This position is on-site located in Durham, North Carolina.

Benefits : We provide a challenging and friendly work environment as well as a competitive salary and benefits package including an employer-paid medical insurance plan, 401(k) plan (with a substantial company match), employer paid life and disability plan and generous paid time off to maintain a healthy work / life balance.

Latino Community Credit Union is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. .

Physical requirements : Must be able to sit for extended periods of time, use the computer and telephone to complete work, and lift up to 30 pounds at times.

The above statements are intended to describe the general nature of work being performed by individuals assigned to this position.

They are not intended to be an exhaustive list of all responsibilities, duties, knowledge, skills, and abilities required of individuals so classified.