Mortgage Loan Processor

Employer
Northwest FCU
Location
Herndon, VA
Posted
Apr 18, 2017
Closes
Apr 21, 2017
Function
Accountant, IT
Hours
Full Time
Requisition Number 17-0049 Post Date 3/31/2017 Title Mortgage Loan Processor City Herndon State VA Description The primary role of this position is to assist Northwest Federal Credit Union to live out our vision to be the lifetime financial partner for our member-owners. One of the primary means to achieve this end is to develop a highly effective team of employees and develop each employee to their highest potential through coaching and leadership. This position is responsible for ensuring that outstanding service is delivered to both internal and external members. A key component of this service to external members is to ensure each employee identifies membersa€ (TM) financial needs and suggests appropriate Credit Union solutions.DUTIES AND RESPONSIBILITIESMust include the following and you may include any additional:- Deliver outstanding service that delivers on our Service Promises.- Meet or exceed the service goals for the position.- Knowledge of the Credit Uniona€ (TM) s products and services.- Complete BVS classes as assigned.- Maintain department policy and procedure documentation accordingly.- Remains cognizant of and adheres to NWFCU policies and procedures, and regulations pertaining to the Bank Secrecy Act (BSA).ESSENTIAL DUTIES AND RESPONSIBILITIES include two of the following: a€ cents Coordinate settlement between Title Company and/or attorneys and members. a€ cents Reviews closing instructions; determines charges to be collected at closing such as appraisal/inspection fees, credit report charges, recording and title insurance costs, etc.a€ cents Reviews and approves the HUD-1 settlement statement prepared by the title company and coordinates with the title company on any necessary revisions.a€ cents Prepares all required Mortgage Loan Closing documents, including, but not limited to Promissory Note, Deed of Trust, HUD Settlement Statement, and Truth in Lending disclosures; prepares appropriate disclosures and any other documents necessary for closing; Documents should be accurate and error free and provided to title company and/or member within specified time frames as determined by management.a€ cents Coordinates with the loan processor to confirm that all underwriting requirements are met; ensures all loan underwriting conditions are satisfied prior to the preparation of the closing packages.a€ cents Issues clear and concise closing conditions to the settlement attorney and/or title company in an effort to ensure compliance and salability of the loan.a€ cents Provide the title company with any needed follow up to ensure a seamless transaction and timely settlement.a€ cents Responsible for disbursements and following all required accounting procedures.a€ cents Assists with post-closing communication and helps to correct any mistakes made on documentation by the title company at the time of closing.a€ cents Conducts equity loan settlements in a professional manner ensuring all documents are properly signed and notarized. Print checks for Home Equity Line of Credit loans.a€ cents Remains cognizant of and adheres to NWFCU policies and procedures, and regulations pertaining to the Bank Secrecy Act (BSA)a€ cents Other duties as assigned.ORa€ cents Meets mortgage appointment/walk-in scheduling requirements and production expectations as determined by the immediate supervisor. Completes accurate and thorough first mortgage and equity loan applications either in person, over the telephone or via the on-line application portal as neededa€ cents Convey lending policies to members in accordance with Credit Union and secondary investor guidelines.a€ cents Explain benefits of each program the applicant; effectively explain and communicate the terms of each product.a€ cents Obtain pertinent financial information to determine if the borrower(s) meet the minimum established criteria.a€ cents Compile documents for loan file and enter information into mortgage processing software for processing and assessment.a€ cents Verify the accuracy of all loan data entered into the loan processing system and ensure member privacy and security of files.a€ cents Ensures accuracy of disclosures and provide to member within specified regulatory compliance timeframes.a€ cents Review automated underwriting verification messages/approval conditions.a€ cents Responsible for ensuring that all loan files are fully documented containing complete, accurate and verified information.a€ cents Ensure that loan files comply with company policy and federal regulations. a€ cents Order information needed to include income, credit, appraisal and title examination. Orders flood determinations, mortgage insurance and hazard insurance for all loan types.a€ cents Act as an on-going liaison between borrower, underwriter, and loan originator. Provide member with timely and periodic status updates of their loan applicationa€ cents Retain an open line of communication with applicants and return calls and emails promptly.a€ cents Submit for Mortgage Insurance Certification, if applicable. Prepare application for submission to underwriting.a€ cents Review file documentation and make sure all items needed to satisfy loan conditions are received. Meet crucial deadlines as requested.a€ cents Ensure regulatory requirements are met in processing the approved, cancelled, and rejected loan applications.a€ cents Notify members of loan decision. As needed, effectively communicates possible solutions in attempt to reach a positive loan outcome.a€ cents Prepare commitment letter(s), denial letter(s) and cancel files when necessary.a€ cents Schedule closing and coordinate settlement between Title Company, attorneys and members from scheduling through funding.a€ cents Satisfy all conditions of approval ensuring a seamless transition of the file onto Mortgage Loan Closing Team.a€ cents Work closely with the closer as necessary to clear all conditions and close each loan.a€ cents Effectively monitor pipeline report and notify management of status as needed. Insure rate lock time frames are not exceeded and works to ensure all loan commitments are satisfied.a€ cents Ensures that appraisal expiration dates are monitored and reported. a€ cents Stays informed regarding changes in lending standards, related legal requirements, and trends in local real estate and competitive market.a€ cents Remains knowledgeable of the Credit Uniona€ (TM) s products and services.a€ cents Regularly promotes and cross sells other NWFCU products and services. Meet or exceed the sales and service goals for the position.a€ cents Remains cognizant of and adheres to NWFCU policies and procedures, and regulations pertaining to the Bank Secrecy Act (BSA)a€ cents Other duties as assigned. ORa€ cents Serves as initial point of contact with current and potential members and responds to member inquiries and referrals. Conducts interviews with prospective borrowers in person and over the telephone in order to analyze financial and credit data, determine customer financing objectives, advice customers of product/pricing policies and guidelines, and gather any additional required information.a€ cents Utilizes effective interpersonal and communication skills to attract new mortgage loan applications by developing relationships with members and Realtors. Meets production expectations as determined by the immediate supervisor.a€ cents Meets with customers as necessary during various stages of the loan process and explains the guidelines of each program to the applicant. Apprise the applicant of pricing and rate lock options as required. Identify appropriate opportunities to sell additional products.a€ cents Complete an accurate and thorough mortgage application. Request and collect supporting loan documentation as required and provide complete package to Mortgage Loan Processor. Ensures exceptional customer experience by providing on-going communication and follow-up to external members, business partners and the Mortgage Loan Processor.a€ cents Ensuring the accuracy and timeliness of disclosures. Disclosures must be provided generated and delivered within specified regulatory compliance timeframes.a€ cents Effectively communicates possible solutions in attempt to achieve a positive loan outcome. Explains the loan denials precisely and clearly to members along with the mailing of the Adverse Action Notice. Responsible for ongoing and consistent follow up of their loan pipeline. a€ cents Assists with and speaks at the homebuyer seminars for members, as needed. a€ cents Remains cognizant of and adheres to NWFCU policies and procedures, and regulations pertaining to the Bank Secrecy Act (BSA)a€ cents Perform additional job duties within the department. a€ cents Promotes and cross sells other NWFCU products and services in order to meet or exceed the sales and service goals for the position.a€ cents Other duties as assigned.Provide the title company with any needed follow up to ensure a seamless transaction and timely settlement.a€ cents Responsible for disbursements and following all required accounting procedures.a€ cents Assists with post-closing communication and helps to correct any mistakes made on documentation by the title company at the time of closing.a€ cents Conducts equity loan settlements in a professional manner ensuring all documents are properly signed and notarized. Print checks for Home Equity Line of Credit loans.a€ cents Remains cognizant of and adheres to NWFCU policies and procedures, and regulations pertaining to the Bank Secrecy Act (BSA)a€ cents Other duties as assigned.ORa€ cents Meets mortgage appointment/walk-in scheduling requirements and production expectations as determined by the immediate supervisor. Completes accurate and thorough first mortgage and equity loan applications either in person, over the telephone or via the on-line application portal as neededa€ cents Convey lending policies to members in accordance with Credit Union and secondary investor guidelines.a€ cents Explain benefits of each program the applicant; effectively explain and communicate the terms of each product.a€ cents Obtain pertinent financial information to determine if the borrower(s) meet the minimum established criteria.a€ cents Compile documents for loan file and enter information into mortgage processing software for processing and assessment.a€ cents Verify the accuracy of all loan data entered into the loan processing system and ensure member privacy and security of files.a€ cents Ensures accuracy of disclosures and provide to member within specified regulatory compliance timeframes.a€ cents Review automated underwriting verification messages/approval conditions.a€ cents Responsible for ensuring that all loan files are fully documented containing complete, accurate and verified information.a€ cents Ensure that loan files comply with company policy and federal regulations. a€ cents Order information needed to include income, credit, appraisal and title examination. Orders flood determinations, mortgage insurance and hazard insurance for all loan types.a€ cents Act as an on-going liaison between borrower, underwriter, and loan originator. Provide member with timely and periodic status updates of their loan applicationa€ cents Retain an open line of communication with applicants and return calls and emails promptly.a€ cents Submit for Mortgage Insurance Certification, if applicable. Prepare application for submission to underwriting.a€ cents Review file documentation and make sure all items needed to satisfy loan conditions are received. Meet crucial deadlines as requested.a€ cents Ensure regulatory requirements are met in processing the approved, cancelled, and rejected loan applications.a€ cents Notify members of loan decision. As needed, effectively communicates possible solutions in attempt to reach a positive loan outcome.a€ cents Prepare commitment letter(s), denial letter(s) and cancel files when necessary.a€ cents Schedule closing and coordinate settlement between Title Company, attorneys and members from scheduling through funding.a€ cents Satisfy all conditions of approval ensuring a seamless transition of the file onto Mortgage Loan Closing Team.ESSENTIAL DUTIES AND RESPONSIBILITIES include two of the following: a€ cents Coordinate settlement between Title Company and/or attorneys and members. a€ cents Reviews closing instructions; determines charges to be collected at closing such as appraisal/inspection fees, credit report charges, recording and title insurance costs, etc.a€ cents Reviews and approves the HUD-1 settlement statement prepared by the title company and coordinates with the title company on any necessary revisions.a€ cents Prepares all required Mortgage Loan Closing documents, including, but not limited to Promissory Note, Deed of Trust, HUD Settlement Statement, and Truth in Lending disclosures; prepares appropriate disclosures and any other documents necessary for closing; Documents should be accurate and error free and provided to title company and/or member within specified time frames as determined by management.a€ cents Coordinates with the loan processor to confirm that all underwriting requirements are met; ensures all loan underwriting conditions are satisfied prior to the preparation of the closing packages.a€ cents Issues clear and concise closing conditions to the settlement attorney and/or title company in an effort to ensure compliance and salability of the loan.a€ cents Provide the title company with any needed follow up to ensure a seamless transaction and timely settlement.a€ cents Responsible for disbursements and following all required accounting procedures.a€ cents Assists with post-closing communication and helps to correct any mistakes made on documentation by the title company at the time of closing.a€ cents Conducts equity loan settlements in a professional manner ensuring all documents are properly signed and notarized. Print checks for Home Equity Line of Credit loans.a€ cents Remains cognizant of and adheres to NWFCU policies and procedures, and regulations pertaining to the Bank Secrecy Act (BSA)a€ cents Other duties as assigned.ORa€ cents Meets mortgage appointment/walk-in scheduling requirements and production expectations as determined by the immediate supervisor. Completes accurate and thorough first mortgage and equity loan applications either in person, over the telephone or via the on-line application portal as neededa€ cents Convey lending policies to members in accordance with Credit Union and secondary investor guidelines.a€ cents Explain benefits of each program the applicant; effectively explain and communicate the terms of each product.a€ cents Obtain pertinent financial information to determine if the borrower(s) meet the minimum established criteria.a€ cents Compile documents for loan file and enter information into mortgage processing software for processing and assessment.a€ cents Verify the accuracy of all loan data entered into the loan processing system and ensure member privacy and security of files.a€ cents Ensures accuracy of disclosures and provide to member within specified regulatory compliance timeframes.a€ cents Review automated underwriting verification messages/approval conditions.a€ cents Responsible for ensuring that all loan files are fully documented containing complete, accurate and verified information.a€ cents Ensure that loan files comply with company policy and federal regulations. a€ cents Order i