
Mortgage Loan Processor
Members Source Credit Union, Highland, IN, United States
Members Source Credit Union was founded in 1935 and originally served employees of Northern Indiana Public Service Company (NIPSCO). Rebranded in 2006, Members Source Credit Union expanded its membership and now serves over 6,000 members with assets exceeding $93 million. With three conveniently located branches, the credit union is committed to providing exceptional financial services and fostering lasting relationships with its members.
Position Summary:
The Mortgage Loan Processor supports the credit union’s mission of serving its members by ensuring a smooth, accurate, and timely mortgage loan process. This role is responsible for reviewing and processing residential loan applications while delivering a high level of member service and maintaining compliance with all regulatory and investor requirements. The processor acts as a key partner to loan officers, underwriters, and members, helping guide loans from application through closing.
Key Responsibilities:
Review member mortgage applications and supporting documentation for completeness and accuracy
Collect, analyze, and verify financial information including income, assets, credit, and employment
Communicate directly with members to request documentation, provide updates, and answer questions in a professional and service-oriented manner
Communicate with realtors, title companies, and other third parties to obtain required documentation and ensure deadlines are met throughout the loan process
Ensure loan files meet all credit union policies, regulatory requirements, and investor guidelines (FHA, VA, Conventional)
Prepare and submit complete loan packages to underwriting and work proactively to clear conditions
Accurately document all loan activity within the loan origination system
Manage pipeline effectively to meet service level expectations and closing deadlines
Complete all compliance requirements in a timely manner
Complete other related duties as required or assigned
Support a positive member experience by demonstrating professionalism, responsiveness, and attention to detail
Qualifications:
High school diploma or equivalent required; associate or bachelor’s degree preferred
1+ years of mortgage processing or related lending experience preferred
Knowledge of mortgage lending guidelines and regulatory requirements
Strong understanding of compliance standards including TRID and RESPA
Experience with loan origination systems preferred
Strong organizational skills and attention to detail
Excellent communication and interpersonal skills
Ability to prioritize multiple tasks while maintaining accuracy and meeting deadlines
Preferred Attributes:
Experience working in a credit union or member-focused financial institution
Commitment to the credit union philosophy of “people helping people”
Strong member service mindset with the ability to build trust and relationships
Team-oriented with a collaborative approach to achieving organizational goals
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