Mortgage Loan Processor II at Valley Strong Credit Union

Bakersfield, California, United States -

Full Time

Start Date

Immediate

Expiry Date

05 Mar, 26

Salary

0.0

Posted On

05 Dec, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Processing, Customer Service, Data Entry, Credit Analysis, Regulatory Compliance, Communication, Problem Solving, Attention to Detail, Time Management, Team Collaboration, Financial Services, Documentation, Loan Origination, Mathematical Skills, Liaison Skills, Organizational Skills

Industry

Financial Services

Description

Our Core Values The credit union is a values-driven organization. Our Core Values are at the center of everything we do and are the driving force behind our mission: We help people and communities prosper. 1. Everyone Counts - We promote a diverse and fair workplace to better serve our Members, Team Members and Communities, fostering an environment of transparency, trust, and respect. 2. Innovate Boldly – We dream big, challenge the status quo, move with agility, and embrace data-driven decisions. We listen and continuously make the impossible possible. 3. Embrace the Fun! – We take joy in our work by welcoming kindness, integrity, and authenticity. 4. Own It – Valley Strong is ours to grow. We hold ourselves accountable to doing our best work every day and are empowered to do what’s right. Position Summary Department Home Loan Center The Mortgage Loan Processor II (MLP II) will act as support staff to the Mortgage Loan Officer (MLO) and/or the Senior Mortgage Loan Officer (SMLO). The MLC II will assist in the processing of mortgage loans including but not limited to 1st mortgage and equity products from the beginning stages of application processing through the completion of 1st and Equity mortgage Real Estate loan packages up to and including funding. This is a high pace position, and the employee must meet performance standards. Essential Duties * Review and verify mortgage loan applications for accuracy and completeness * Receive telephone and email inquiries from potential applicants, answers questions, providing information regarding home loan products, quotes rates, fees and payments. Schedule real estate appointments and advises applicants of what documentation is required. * Request additional information from outside agencies such as appraisals, preliminary title reports, verifications of employment, deposit, mortgage and rent, property tax information, hazard insurance policies, IRS Transcripts, Flood Cert, Private Mortgage Insurance (PMI) Cert, and additional documentation as needed. * Analyze credit reports, income documentation, and asset statements * Act as liaison between Credit Union and loan applicant while loan request is being processed and reviewed. * Enter data into the Loan Origination System (LOS). Post fees to the General Ledger accounts. * Finalize loan file for the MLO and/or SMLO to review, then submits to the Underwriter for Final Underwriting. Clears underwriting conditions and prepares loan for Final Documents. * Set up loan for funding and prepare final figures to Accounting for the Wire transfer. * Prepare loan documents for uploading to the Virtual Loan Folder. * Other duties may be assigned. * All team members must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. This includes the SAFE Act. Failure to do so may result in disciplinary and other employment related actions. * Performs other duties as assigned. Supervisory Responsibilities * This job has no supervisory responsibilities. Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Education Min/Preferred Education Level Description Minimum 2 Year / Associate's Degree Or equivalent from two-year college or technical school desired but not required; or one year or more credit union experience and/or training; or equivalent combination of education and financial services experience. Experience Minimum Years of Experience Comments 1 Language Skills Ability to read and comprehend instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization. Mathematical Skills Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute dividends and interest. Reasoning Ability Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written or oral form. Physical Demands The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The Team Member occasionally must lift and/or move up to 10 pounds. Ability to stand for long periods of time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Other Skills and Abilities Must be able to process transactions in an efficient manner. Must be able to communicate policies and procedures to Members in an easily understood and professional manner. Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures. The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.

Responsibilities

The Mortgage Loan Processor II will assist in processing mortgage loans from application through funding. This includes reviewing applications, verifying information, and acting as a liaison between the credit union and loan applicants.