Job Details
A bit about us:
At our firm, you’ll enjoy much more than a career. You’ll experience something truly unique: a friendly, committed community of employees who are dedicated to your success—and to the advancement of the businesses, neighbors, friends, and outreach partners that give our work meaning. Established as a not-for-profit cooperative and a federal credit union in 1935, we are one of the region’s largest locally owned and operated financial institutions in Tampa Bay.
Why join us?
Our firm is looking for an organized, professional, analytical individual to join our fun working environment as a Mortgage Loan Processor II. Mortgage Loan Processor II analyzes first mortgage and home equity loans for approval. They will ensure compliance to secondary market requirements, credit union guidelines, FHA and/or VA guidelines as applicable.
Job Details
Counsels and advises callers on new mortgage loan options and/or required documentation.
Answers calls when presented directly and on ACD line assigned and returns voicemail messages same day whenever possible and follows up with all members according to commitments made.
Directs the loan to the Underwriters if it does not meet minimum standards or if it is required based on the loan product or situation as defined in the Product Guidelines.
Communicates lending decisions and advises members of documentation needed to process a request, updates and follow up after closing.
Retains and enhances mortgage acumen and specifically maintain knowledge of mortgage products and services offered by the credit union.
Reinforce the selling points of our loan types, rates, payments, and terms of mortgage products.
Orders and follows up on vendor orders such as appraisals and flood certifications.
Ensures disclosures and appraisals are received, and loans are denied based on regulatory requirements.
Knowledgeable in all facets of processing in accordance with guidelines for the Government Sponsored Enterprises (GSEs), credit union portfolio products, mortgage insurance requirements, FHA and VA regulations.
Responsible for verifying application data to ensure it is accurate including product type and the amount of mortgage, borrower assets, liabilities, and length of employment by utilizing documentation provided and required.
Validates loan information to include verification of employment, verification of deposit accounts, and all liabilities to prepare an application for final approval and clears conditions as appropriate.
Recommends counter-offers and recommends that loan denial when they do not meet minimum standards.
Communicates to member/Brokers any additional documentation required to meet guideline requirements.
Ensures that all data is accurate in the loan origination system and the resulting findings from the automated underwriting system are in sync.
Completes calculations as needed for Assets and Income (using W2s, Tax Returns, Paystubs)
