What are the responsibilities and job description for the Mortgage Loan Processor position at Beacon Credit Union?
Driving Mortgage Success with Passion and Precision!
Position: Mortgage Loan Processor
Location: Lynchburg, VA - NOT REMOTE
About us:
The primary purpose of the Mortgage Loan Officer is to help Beacon Credit Union fulfill its mission of being “Dedicated to Our Member’s Financial Success.” This role also involves selling mortgage loan products to our qualified members.
Why Join OUR Team?
Exports new loan applications from Point-of-Sale System and imports them into the LOS. Reviews applications and incoming documentation to insure complete, accurate information and update information on Loan Origination System (LOS). Requests and verifies accuracy of incoming data and coordinates any problems/discrepancies with borrowers, underwriters or loan originators. Assembles and analyzes borrower data and computes ratios for submission to loan underwriters. Assumes responsibility for providing effective support for all phases of first mortgage loan activities.
Prepares orders to vendors for credit reports, appraisal, title orders, flood zone certifications and authorizations to close and any other document orders as needed.
Prepares and sets up preliminary loan folders. Issues initial loan disclosures after the files have been reviewed by an underwriter or mortgage loan officer for each loan put into process. Updated loan folder information to reflect accurate data for the final review. Prepares commitment letters and adverse action notices as requested.
Interacts with members and borrowers to answer questions on loan qualification process. Tracks and prepares reports on all new loan application submissions, referrals and leads. Promotes all Beacon Credit Union products and services. Daily communication with borrower to inform of any updates or additional information needed for the Mortgage Loan Process.
Performs and assists all necessary third-party origination processes as needed or requested. Understands and updates Floify system.
Initiates pre-quality control and post-quality control orders for review.
Performs mortgage servicing roles in a back up capacity on an as needed basis. Will remain updated on all processes related to the mortgage servicing position. Supports co-workers and other departments as needed or requested.
Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, Safe Act, the Patriot Act, and the Office of Foreign Assets Control.
Provides excellent internal and external customer service.
Knowledge and Skills
Experience
Has experience with different types of mortgage loans, escrow and ARM requirements.
Education/Certifications/Licenses
High School diploma or equivalent required. Associates degree preferred. Valid Driver's License.
NMLS/MLO
Interpersonal Skills
Great organization and communication skills. Computer skills a must.
Position: Mortgage Loan Processor
Location: Lynchburg, VA - NOT REMOTE
About us:
The primary purpose of the Mortgage Loan Officer is to help Beacon Credit Union fulfill its mission of being “Dedicated to Our Member’s Financial Success.” This role also involves selling mortgage loan products to our qualified members.
Why Join OUR Team?
- Positive and supportive team culture
- Competitive salary and benefits package and incentives
- Generous PTO and 11 Paid Holidays
- Ability to earn additional PTO through volunteer opportunities
- Employee discounts on loans and banking products
- 401(k) Employer Match and Profit-sharing potential
- 100% Bank Paid Long-Term Disability, Short-Term Disability and Life Insurance
- Learning and growing in a dynamic work environment
- Incentive pay
Exports new loan applications from Point-of-Sale System and imports them into the LOS. Reviews applications and incoming documentation to insure complete, accurate information and update information on Loan Origination System (LOS). Requests and verifies accuracy of incoming data and coordinates any problems/discrepancies with borrowers, underwriters or loan originators. Assembles and analyzes borrower data and computes ratios for submission to loan underwriters. Assumes responsibility for providing effective support for all phases of first mortgage loan activities.
Prepares orders to vendors for credit reports, appraisal, title orders, flood zone certifications and authorizations to close and any other document orders as needed.
Prepares and sets up preliminary loan folders. Issues initial loan disclosures after the files have been reviewed by an underwriter or mortgage loan officer for each loan put into process. Updated loan folder information to reflect accurate data for the final review. Prepares commitment letters and adverse action notices as requested.
Interacts with members and borrowers to answer questions on loan qualification process. Tracks and prepares reports on all new loan application submissions, referrals and leads. Promotes all Beacon Credit Union products and services. Daily communication with borrower to inform of any updates or additional information needed for the Mortgage Loan Process.
Performs and assists all necessary third-party origination processes as needed or requested. Understands and updates Floify system.
Initiates pre-quality control and post-quality control orders for review.
Performs mortgage servicing roles in a back up capacity on an as needed basis. Will remain updated on all processes related to the mortgage servicing position. Supports co-workers and other departments as needed or requested.
Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, Safe Act, the Patriot Act, and the Office of Foreign Assets Control.
Provides excellent internal and external customer service.
Knowledge and Skills
Experience
Has experience with different types of mortgage loans, escrow and ARM requirements.
Education/Certifications/Licenses
High School diploma or equivalent required. Associates degree preferred. Valid Driver's License.
NMLS/MLO
Interpersonal Skills
Great organization and communication skills. Computer skills a must.