Mortgage Processing Analyst/Junior Underwriter

Responsibilities

• Reviews first mortgage applications in the Credit Union mortgage processing system for accuracy.
• Assures application fees, appraisal fees and other fees related to the processing of a mortgage loan are collected and processed according to policies and procedures.
• Maintain a strong working knowledge of Agency guidelines (Fannie Mae & Freddie Mac).
• Manages and prioritizes individual pipeline of loans on a daily basis in order to ensure closing dates and company deadlines are met.
• Maintain internal turn times for underwriting new files and clearing conditions within 24-48 hours.
• Order the following documentation as necessary: Verification of Employment, Evidence of Insurance, Payoffs, Tax Transcripts, Credit Supplements, condo questionnaires, subordination requests, and Title Work as needed for each file.
• Underwrite Fannie Mae and Freddie Mac to ensure conformance with Agency, investor and company guidelines.
• Review and evaluation of real estate appraisals, and other collateral related documentation (title, insurance, deeds, etc.).
• Examine credit, income, and assets of loan applicants.
• Aid members via the phone by answering calls in the Mortgage Operations department queue.
• Correspond with or interviews applicant, creditors, realtors and vendors, when needed, to resolve questions regarding application information.
• Ensure compliance with lending regulations, internal policies and underwriting guidelines.
• Conduct thorough risk assessments to identify potential red flags or fraudulent activities.
• Determine and issue the credit decision on the loan application and issuing conditions, as needed, for a complete file.
• Prepare and clear residual conditions required to approve and document the loan.
• Schedule closing dates and times as needed. Prepares the file for closing.
• Obtain and review preliminary title commitment from title companies.
• Review and respond to internal and external audits.

Qualifications

• High School diploma or General Education Degree.
• Compliance training, mortgage processing and lending experience plus three years of related experience and/or training.

Pay

USD $50,000.00 - USD $74,766.00 /Yr.