Mortgage Loan Processor
Company: Beacon Credit Union
Location: Lynchburg
Posted on: May 24, 2023
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Job Description:
Role (NOT REMOTE)The primary purpose of the Mortgage Loan
Processor is to assist Beacon Credit Union to live out our mission,
"Dedicated to our Members Financial Success."Assists the mortgage
loan process by performing all related processing activities and
duties. Receives, evaluates and reviews all loan applications.
Obtains and verifies necessary information and prepares documents
for underwriting and closing review. initiates orders for credit
reports, appraisals, title orders, flood zone certifications, and
other such orders as needed. Obtains proof of insurance as required
on mortgage loans. Assists or refers members as needed. All duties
are performed in accordance with the company's policy and
procedures and maintain compliance with pertinent regulatory
requirements.Major Duties and ResponsibilitiesExports new loan
applications from Point-of-Sale System and imports them into the
LOS. Reviews applications and incoming documentation to insure
complete, accurate information and update information on Loan
Origination System (LOS). Requests and verifies accuracy of
incoming data and coordinates any problems/discrepancies with
borrowers, underwriters or loan originators. Assembles and analyzes
borrower data and computes ratios for submission to loan
underwriters. Assumes responsibility for providing effective
support for all phases of first mortgage loan activities.Prepares
orders to vendors for credit reports, appraisal, title orders,
flood zone certifications and authorizations to close and any other
document orders as needed.Prepares and sets up preliminary loan
folders. Issues initial loan disclosures after the files have been
reviewed by an underwriter or mortgage loan officer for each loan
put into process. Updated loan folder information to reflect
accurate data for the final review. Prepares commitment letters and
adverse action notices as requested.Interacts with members and
borrowers to answer questions on loan qualification process. Tracks
and prepares reports on all new loan application submissions,
referrals and leads. Promotes all Beacon Credit Union products and
services. Daily communication with borrower to inform of any
updates or additional information needed for the Mortgage Loan
Process.Performs and assists all necessary third-party origination
processes as needed or requested. Understands and updates Floify
system.Initiates pre-quality control and post-quality control
orders for review.Performs mortgage servicing roles in a back up
capacity on an as needed basis. Will remain updated on all
processes related to the mortgage servicing position. Supports
co-workers and other departments as needed or requested.Must comply
with all company policies and procedures, applicable laws and
regulations, including but not limited to, the Bank Secrecy Act,
Safe Act, the Patriot Act, and the Office of Foreign Assets
Control.Provides excellent internal and external customer
service.Knowledge and SkillsExperienceHas experience with different
types of mortgage loans, escrow and ARM
requirements.Education/Certifications/LicensesHigh School diploma
or equivalent required. Associates degree preferred. Valid Drivers
License.NMLS/MLO number requiredInterpersonal SkillsGreat
organization and communication skills. Computer skills a must.
Keywords: Beacon Credit Union, Lynchburg , Mortgage Loan Processor, Other , Lynchburg, Virginia
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