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Mortgage Loan Processor III | Full-Time at Avadian Credit Union

Hoover, Alabama, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Mar, 26

Salary

0.0

Posted On

30 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Real Estate Lending, Compliance, Federal Regulations, State Regulations, Organizational Skills, Communication Skills, Self-Motivated, Goal Oriented, Loan Processing, Documentation, Underwriting, Credit Report Review, Appraisal Review, Problem Identification, Fast-Paced Environment, Energetic

Industry

Financial Services

Description

Description Primary Job Role: Assist members in obtaining approval by working with loan officers, underwriters, and the closing department. Review applications for completeness at the time of receipt and prior to underwriting. Initiate requests for all documentation needed to support approval. Functions and Responsibilities: Receive loan application after registration. Review against loan plan specifications for accuracy. Generate loan application (1003, 2900), transmittal summary (1008, 2900 LT, 1802), and appraisal request (2800). Review credit report. Order and review appraisal. Compile case in stack order. Enter loan into logs. Initiate contact with member requesting additional documentation. Track outstanding documents and follow up with member, loan officer, and referral source. Ascertain readiness for loan underwriting. Pre-underwrite case against checklist to identify problem areas prior to submission to underwriting. Perform other duties as assigned by supervisor. Requirements Basic Requirements: Knowledge of real estate lending criteria, compliance, and federal/state regulations required. Ability to perform in a fast-paced environment typical to mortgage banking. Excellent organizational, oral, and written communication skills. This position requires the candidate to be energetic and confident, as well as articulate, self-motivated, goal oriented, and well organized. Experience: Five to eight years of similar or related experience. Conventional and government loan processing experience preferred. Education: A high school diploma or GED. Please note - submitting a resume does not guarantee any future action by Avadian Credit Union. Avadian Credit Union is an Equal Opportunity Employer.

Responsibilities

The Mortgage Loan Processor III assists members in obtaining loan approval by collaborating with loan officers, underwriters, and the closing department. Key tasks include reviewing applications for completeness, generating necessary documentation, and tracking outstanding documents.