Mortgage Loan Processor
Black Hills Federal Credit Union, Rapid City, South Dakota, United States, 57700
Overview
At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day. We look for people who share that passion and provide onboarding with orientation and ongoing training to help staff build on their strengths.
General Purpose Processing residential mortgage loans and coordinating with the lender, underwriting, and closing to ensure loans close on time. Assist in the ongoing quality control efforts of the mortgage department.
Essential Duties/Responsibilities
Review all loan documentation in file to ensure accuracy and validity by understanding the loan structure and loan program. Collect any documentation missing.
Conduct thorough review of income documentation, identify additional required documentation, and perform basic income calculations to ensure accuracy for debt-to-income.
Evaluate asset documentation and credit reports to identify gaps or inconsistencies. Source any additional information as needed.
Review purchase agreements and title reports and notify lender of any missing items or areas of concern.
Obtain homeowners, flood, condo, private mortgage policies as applicable and ensure adequate coverage is obtained and mortgagee clause reads appropriately.
Responsible for pipeline management by coordinating with lender, underwriting, and closing to ensure loans meet closing deadlines.
Assist loan officers/originators in tracking down documentation from borrowers and realtors.
Other Duties/Responsibilities
Order and review title insurance, appraisals, verifications, flood certifications, tax transcripts, etc.
Perform other duties as may be assigned by the Mortgage Manager and VP of Mortgage.
Job Knowledge
Working knowledge of Conventional, Jumbo, Fixed and Variable Rate, Cash-Out Refinance, Purchase, Construction, FHA, VA, USDA, SDHDA, and Secondary Market loans.
Working knowledge of state and federal real estate practices such as Reg B, TRID, TILA, HMDA.
Knowledge of MI certificates, guidelines, and overlays.
Working knowledge of the credit union's products and services.
Working knowledge of the organization’s policies/procedures and credit union's service philosophy.
Working knowledge of the credit union's in-house computer system and internet.
Working knowledge of safety and security program for false alarms, robberies, bomb threats and extortion.
Job Qualifications (Skills) BHFCU is committed to reasonable accommodations for the physical aspects of the position. The following are the physical considerations normally encountered in this job.
Vision: A sighted person to effectively review and complete documents.
Speech/Hearing: Ability to communicate verbally and in writing with staff, members and vendors.
Manual Dexterity: Ability to perform necessary computer-related input.
Physical Mobility: Limited mobility required. Requires the ability to work flexible hours.
Job Qualifications (Ability)
Ability to understand and follow complex written and oral instructions.
Ability to comprehend complex functions and procedures and to disseminate that knowledge clearly to others.
Ability to express oneself clearly and concisely, both orally and in writing.
Ability to complete income, credit, and asset review.
Ability to prepare and maintain confidential records and reports.
Ability to gather, assemble, correlate, and analyze facts and develop solutions.
Ability to analyze statistics and financial data.
Ability to interact positively with co-workers, management, and the public to promote a team effort and maintain a positive attitude under pressure.
Ability to interact with more than one department daily.
Ability to produce a high volume of work that is accurate, complete, and of high quality.
Ability to analyze out-of-balance situations and devise solutions.
Job Qualifications (Education/Experience) The job requires a two-year college level of language, math and reasoning skills. Two years’ experience in a related field with equal responsibilities is acceptable. Formal training should be supplemented with continuing education.
Working Conditions Material and Equipment Involved
In-House Computer System
WebEx
10-Key Calculator
Credit Bureau System
Personal Computer
Photocopy Machine
Scanners
Microsoft Office Suite
Various Software Applications
Salesforce
Work Environment/Physical Activities: Occasional travel to one of BHFCU’s branch locations or attendance at community events may be required.
Physical Requirements: Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing/descending stairs in an emergency. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.
Working Conditions: Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.
Mental And/Or Emotional Requirements: Must be able to perform job functions with supervision and work effectively either on own or as part of a team. Must be able to read and carry out various instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on confidential matters.
Notice: This job description is not intended to be, nor should it be construed as, a contract or guarantee of employment. Black Hills Federal Credit Union adheres to all federal and state labor laws regarding termination and probationary periods. This position is also subject to all the personnel policies of Black Hills Federal Credit Union. Changes may be made to this job description at any time by the President. Black Hills Federal Credit Union is an equal opportunity employer.
Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job.
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General Purpose Processing residential mortgage loans and coordinating with the lender, underwriting, and closing to ensure loans close on time. Assist in the ongoing quality control efforts of the mortgage department.
Essential Duties/Responsibilities
Review all loan documentation in file to ensure accuracy and validity by understanding the loan structure and loan program. Collect any documentation missing.
Conduct thorough review of income documentation, identify additional required documentation, and perform basic income calculations to ensure accuracy for debt-to-income.
Evaluate asset documentation and credit reports to identify gaps or inconsistencies. Source any additional information as needed.
Review purchase agreements and title reports and notify lender of any missing items or areas of concern.
Obtain homeowners, flood, condo, private mortgage policies as applicable and ensure adequate coverage is obtained and mortgagee clause reads appropriately.
Responsible for pipeline management by coordinating with lender, underwriting, and closing to ensure loans meet closing deadlines.
Assist loan officers/originators in tracking down documentation from borrowers and realtors.
Other Duties/Responsibilities
Order and review title insurance, appraisals, verifications, flood certifications, tax transcripts, etc.
Perform other duties as may be assigned by the Mortgage Manager and VP of Mortgage.
Job Knowledge
Working knowledge of Conventional, Jumbo, Fixed and Variable Rate, Cash-Out Refinance, Purchase, Construction, FHA, VA, USDA, SDHDA, and Secondary Market loans.
Working knowledge of state and federal real estate practices such as Reg B, TRID, TILA, HMDA.
Knowledge of MI certificates, guidelines, and overlays.
Working knowledge of the credit union's products and services.
Working knowledge of the organization’s policies/procedures and credit union's service philosophy.
Working knowledge of the credit union's in-house computer system and internet.
Working knowledge of safety and security program for false alarms, robberies, bomb threats and extortion.
Job Qualifications (Skills) BHFCU is committed to reasonable accommodations for the physical aspects of the position. The following are the physical considerations normally encountered in this job.
Vision: A sighted person to effectively review and complete documents.
Speech/Hearing: Ability to communicate verbally and in writing with staff, members and vendors.
Manual Dexterity: Ability to perform necessary computer-related input.
Physical Mobility: Limited mobility required. Requires the ability to work flexible hours.
Job Qualifications (Ability)
Ability to understand and follow complex written and oral instructions.
Ability to comprehend complex functions and procedures and to disseminate that knowledge clearly to others.
Ability to express oneself clearly and concisely, both orally and in writing.
Ability to complete income, credit, and asset review.
Ability to prepare and maintain confidential records and reports.
Ability to gather, assemble, correlate, and analyze facts and develop solutions.
Ability to analyze statistics and financial data.
Ability to interact positively with co-workers, management, and the public to promote a team effort and maintain a positive attitude under pressure.
Ability to interact with more than one department daily.
Ability to produce a high volume of work that is accurate, complete, and of high quality.
Ability to analyze out-of-balance situations and devise solutions.
Job Qualifications (Education/Experience) The job requires a two-year college level of language, math and reasoning skills. Two years’ experience in a related field with equal responsibilities is acceptable. Formal training should be supplemented with continuing education.
Working Conditions Material and Equipment Involved
In-House Computer System
WebEx
10-Key Calculator
Credit Bureau System
Personal Computer
Photocopy Machine
Scanners
Microsoft Office Suite
Various Software Applications
Salesforce
Work Environment/Physical Activities: Occasional travel to one of BHFCU’s branch locations or attendance at community events may be required.
Physical Requirements: Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing/descending stairs in an emergency. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.
Working Conditions: Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.
Mental And/Or Emotional Requirements: Must be able to perform job functions with supervision and work effectively either on own or as part of a team. Must be able to read and carry out various instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on confidential matters.
Notice: This job description is not intended to be, nor should it be construed as, a contract or guarantee of employment. Black Hills Federal Credit Union adheres to all federal and state labor laws regarding termination and probationary periods. This position is also subject to all the personnel policies of Black Hills Federal Credit Union. Changes may be made to this job description at any time by the President. Black Hills Federal Credit Union is an equal opportunity employer.
Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job.
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