Mortgage Loan Processing Assistant

Duties and responsibilities

• Process mortgage loan files: Contact member within 24 hours of receiving the mortgage file to make an introduction and request supporting documents needed in addition to ensuring initial disclosures have been signed.
• Request and collect supporting documentation from member.
• Prepare letters of explanations for members.
• Complete income calculation worksheet.
• Assemble loan files in e-folder in order for submission to set-up.
• Request supporting documentation from third parties as needed including ordering tax transcripts as required for loan files and obtaining verification of deposit, mortgage, employment, rent, installment and revolving debt.
• Communicate with member regarding the status of their loan.
• Field and answer incoming mortgage calls.
• Update the loan origination system as verifications are received from the member and vendors.
• Clear member facing underwriting conditions imposed by underwriters.
• Maintain a working knowledge of all credit union mortgage products.
• Develop a working knowledge of the credit union’s data processing system, loan origination system, Word, and Excel software.

Benefits and Compensation

• $18.30-27.41 per hour plus incentives (hourly rate will not be below any applicable local minimum wage)
• Paid Holidays
• Paid Time Off (Vacation, Sick and Personal Days)
• Medical, Dental and Vision Insurance
• 401(k) retirement program with matching funds
• Employer paid Group Term Life Insurance, Short Term and Long Term Disability Insurance
• Section I25 Cafeteria Plan/Flexible Spending Account
• Tuition Reimbursement Program
• Voluntary products including Critical Illness, Hospital Indemnity, and Accident Insurance

Pay

• $18.30-27.41 per hour

Schedule

• Available to work Saturdays on a rotating basis