Senior Mortgage Loan Processor/Hybrid

Summary

• Coordinates and manages the mortgage loan pipeline; collects and analyzes mortgage documentation to ensure information meets investor guidelines prior to submitting to underwriting. Trains entry level processors and provides guidance to support staff.

Key Responsibilities

• Oversees the successful management of the loans throughout the pipeline to ensure all loans are dispositioned within 30 days or provided a Notice of Action Taken.
• Reviews residential mortgage loans for compliance of all applicable guidelines and regulatory requirements and ensures integrity of all data and process input.
• Reviews and analyzes the loan application and documentation to ensure the information is complete, accurate and complies with company standards, applicable regulations, standards, and guidelines. Submits processed application to underwriting in a timely manner to ensure commitment and rate expiration dates are met.
• Reviews and tracks the receipt of all pertinent documentation such as credit reports, appraisal, title, flood certification, condominium compliance, verification of employment and other related information required for underwriting.
• Reviews underwritten loan files for outstanding conditions; obtain and submit conditions to clear loan for approval.
• Reviews approved loan files to ensure the receipt of title commitment, tax information and homeowners insurance to provide a clear to close.
• Communicates loan status with applicant, Loan Officer and other applicable parties.
• Reviews and monitors all suspended loans daily to ensure compliance.
• Provides weekly reports for Management and clients.
• Conducts pre-closing quality control reviews on random and targeted new loan selections prior to closing.
• Collects and uploads HMDA information into the HMDA software; reviews for accuracy and distributes to clients
• Provides guidance and training to entry level processors and support staff.
• Is responsible for adhering to operational controls, including compliance with all required regulations and policies such as the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) to ensure the safety and soundness of the State Financial Network.

Education/Experience

• Associate’s degree required; Bachelor’s degree preferred
• 3-5 years of related financial services experience to include 1 year of closing experience or equivalent experience

Other Qualifications

Strong demonstrated abilities required:

• Customer/Member Service
• Interpersonal/Team Player
• Motivated/Works Independently
• Analytical/Problem Solving
• Organizational Skills
• Detail Oriented
• Verbal/Written Skills
• Microsoft Office
• Prioritize/Multi-task

Also required:

• Must maintain confidentiality.
• Experience with mortgage loan origination software

Physical Requirements

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk, hear, and sit. This position requires standing, walking, bending, kneeling, stooping, crouching. The employee may occasionally lift and/or move items over 15 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Other Duties

• This job description is not intended to be an all-inclusive list of responsibilities required for this job. Responsibilities may be assigned or changed at any time.

What we offer to our team members:

• A competitive salary
• Team Based Incentives and Performance Bonus Opportunities
• Referral Incentive Opportunities
• Generous Paid Time Off
• Medical, Dental and Vision plans
• Health Savings Account with employer contribution
• Flexible Spending Accounts
• 401K with employer contribution and match
• Employer paid life insurance/AD&D
• Supplemental insurance plan options
• Employer paid Short and Long term disability programs
• Paid Family Leave
• Tuition Reimbursement
• Training and Development Programs
• Paid Holidays
• Paid Volunteer Time Off
• Employee Assistance Programs
• Pet Insurance

Equal Employment Opportunity

• FMFCU/SFN is an equal opportunity employer and prohibits discrimination against any applicant or employee based on any legally-recognized basis, including, but not limited to: race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), age (40 and over), national origin or ancestry, physical or mental disability, genetic information, veteran status, uniformed service member status or any other status protected by federal, state or local law.

Offered pay rate for this position typically aligns with the minimum to midpoint of the salary range and varies based on factors such as qualifications and experience, budget, and internal alignment.

Salary : $24 - $33