Senior Mortgage Loan Processor
Black Hills Federal Credit Union, Rapid City, SD, United States
Who We Are
We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries‑old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, “We Improve Lives.” This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well‑being of members.
At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.
General Purpose A leader among the processors. Processing Residential Mortgage loans and coordinating with lender, underwriting, and closing to ensure loans close on time. Assist in the on‑going quality control efforts of the mortgage department.
Essential Duties/Responsibilities
Train and lead the processing team by evaluating loan files for quality improvement and providing additional training when required.
Oversee the processing pipeline to meet all closing dates and assist processing staff on questions or difficult loan files.
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 and identify any additional documentation that will be required and perform basic income calculations to ensure accuracy for debt-to-income.
Evaluate asset documentation and credit reports to identify any 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 the mortgagee clause reads appropriately.
Coordinate pipeline management 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.
Provide ongoing training to the processing staff.
Perform other duties as may be assigned by the Mortgage Operations 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 organizational policies/procedures and the credit union’s service philosophy.
Working knowledge of the credit union’s in‑house computer system and internet.
Working knowledge of the safety and security program for false alarms, robberies, bomb threats and extortion.
Job Qualifications (Skills)
Vision: 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 ability to work flexible hours.
Job Qualifications (Ability)
Understand and follow complex written and oral instructions.
Comprehend complex functions and procedures and disseminate that knowledge in a clear, understandable format to others.
Express oneself clearly and concisely, both orally and in writing.
Complete income, credit, and asset review.
Prepare and maintain confidential records and reports.
Gather, assemble, correlate, and analyze facts and develop solutions.
Analyze statistics and financial data.
Interact positively with co‑workers, management, and the public to promote a team effort and maintain a positive attitude even under extreme pressure.
Interact with more than one department daily.
Produce a high volume of work in a timely manner that is accurate, complete, and of high quality.
Analyze out‑of‑balance situations and devise solutions.
Job Qualifications (Education/Experience) Job requires a two‑year college level of language, math and reasoning skills. Five years’ experience in a related field with equal responsibilities is acceptable. Formal training should be supplemented with continuing education.
Working Conditions Regular, reliable, and timely attendance required. Must be capable of working extended hours when required or requested by management. Occasional travel to branch locations or community events may be required. Work primarily sedentary, with limited physical exertion and occasional lifting of up to 5 lb. 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.
Materials 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
Notice 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. 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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At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.
General Purpose A leader among the processors. Processing Residential Mortgage loans and coordinating with lender, underwriting, and closing to ensure loans close on time. Assist in the on‑going quality control efforts of the mortgage department.
Essential Duties/Responsibilities
Train and lead the processing team by evaluating loan files for quality improvement and providing additional training when required.
Oversee the processing pipeline to meet all closing dates and assist processing staff on questions or difficult loan files.
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 and identify any additional documentation that will be required and perform basic income calculations to ensure accuracy for debt-to-income.
Evaluate asset documentation and credit reports to identify any 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 the mortgagee clause reads appropriately.
Coordinate pipeline management 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.
Provide ongoing training to the processing staff.
Perform other duties as may be assigned by the Mortgage Operations 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 organizational policies/procedures and the credit union’s service philosophy.
Working knowledge of the credit union’s in‑house computer system and internet.
Working knowledge of the safety and security program for false alarms, robberies, bomb threats and extortion.
Job Qualifications (Skills)
Vision: 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 ability to work flexible hours.
Job Qualifications (Ability)
Understand and follow complex written and oral instructions.
Comprehend complex functions and procedures and disseminate that knowledge in a clear, understandable format to others.
Express oneself clearly and concisely, both orally and in writing.
Complete income, credit, and asset review.
Prepare and maintain confidential records and reports.
Gather, assemble, correlate, and analyze facts and develop solutions.
Analyze statistics and financial data.
Interact positively with co‑workers, management, and the public to promote a team effort and maintain a positive attitude even under extreme pressure.
Interact with more than one department daily.
Produce a high volume of work in a timely manner that is accurate, complete, and of high quality.
Analyze out‑of‑balance situations and devise solutions.
Job Qualifications (Education/Experience) Job requires a two‑year college level of language, math and reasoning skills. Five years’ experience in a related field with equal responsibilities is acceptable. Formal training should be supplemented with continuing education.
Working Conditions Regular, reliable, and timely attendance required. Must be capable of working extended hours when required or requested by management. Occasional travel to branch locations or community events may be required. Work primarily sedentary, with limited physical exertion and occasional lifting of up to 5 lb. 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.
Materials 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
Notice 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. 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.
#J-18808-Ljbffr