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Mortgage Loan Processor

Company: Congressional Federal Credit Union
Location: Oakton
Posted on: March 19, 2023

Job Description:

The Mortgage Processor works with members to collect all loan documentation necessary to obtain final approval and move the loan through to closing. Responsible for performing a variety of loan documentation duties on complex loan packages to ensure compliance with Company policies and procedures for loan products. Must be an excellent communicator, both written and verbal. Functions include: processing, and compliance for loan products; interpreting policies while analyzing applicant, property and documentation; ordering all required verifications, documentation and subsequent follow ups; may provide guidance and training to other loan documentation team members. Manages an assigned pipeline of loans and/or assigns new loans to other loan team members. Major Duties and Responsibilities

  • Acting as the primary point-of-contact for members through processing and closing of purchases and refinances. Uses written and verbal communication skills to keep members apprised of their loan status and obtain all required documentation. Operates in compliance with all applicable laws and regulations, including but not limited to Reg B (ECOA), Reg C, Reg X, Reg Z and all Dodd Frank related regulations.
  • Reviewing applications for compliance, regulatory and loan documentation and processing Conventional Mortgage Loans. Inputs loan applications received by mail or facsimile.
  • Ensure integrity of loan decisions and escalating any issues that impact loan decisioning and updating system-status as necessary for review by underwriter. Using the decision-path of AUS technology to gather credit-documentation from customers and third-party vendors. Ensuring that loans are processed in accordance with Congressional Federal's policies and procedures.
  • Ordering Appraisal, Flood and Title if needed. Following-up on receipt of third-party documentation and services and documentation requested from customer.
  • Prepares and mails initial disclosure, loan approvals and closing documents.Qualifications and Skills required
    • Two to Five years of similar or related experience.
    • A high school education or GED, however college degree preferred.
    • A significant level of trust and diplomacy is required, in addition to normal courtesy and tact.
    • Work involves extensive personal contact with others and/or can be of a personal or sensitive nature.
    • Work may involve motivating or influencing others. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary.
    • Must have experience working in a fast-paced loan processing environment (or similar).
    • Employee must possess a high degree of self-motivation and initiative, as well as a high degree of attention to detail.
    • Strong written and verbal communication skills are a must. 2+ years of Conventional Loan Processing experience both purchase and refinance.
    • Knowledge of federal and state laws pertaining to the mortgage-banking industry (i.e. TILA, ECOA, etc.)
    • Expertise in and experience providing value-added customer service in a fast-paced environment.
    • Experience using automated financial- and/or loan-tracking systems.
    • Working knowledge of business mathematics.
    • Computer-software skills are required for this position.Physical RequirementsThe Credit Union is committed to working with its employees to reasonably accommodate them with the physical aspects of the position. The following list outlines the physical considerations that are normally encountered in this job.
      Ability to communicate
      Ability to operate standard office equipment
      Must be able to sit for extended periods of time and to occasionally lift and move items up to 20 lbs. in weight.Working ConditionsMust be able to routinely perform work indoors in climate-controlled shared work area with minimal noiseTotal Rewards:Congressional Federal offers a comprehensive benefits package including but not limited to health and dental, 401k, vacation and paid sick leave, 11 paid holidays, tuition reimbursement, flexible spending programs and work/life balance.EOE/M/F/D/V/SOEqual Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: Congressional Federal Credit Union, Washington DC , Mortgage Loan Processor, Other , Oakton, DC

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