Residential Mortgage Processor

Residential Mortgage Processor Georgia United Credit Union Duluth, GA Job Details Full-time From $20.50 an hour 10 hours ago Benefits Health savings account Health insurance Dental insurance 401(k) Tuition reimbursement Paid time off Vision insurance 401(k) matching Professional development assistance Life insurance Retirement plan Qualifications Fair Credit Reporting Act (FCRA) Microsoft Excel Compliance with loan regulations Federal Housing Administration (FHA) loans Basic math Regulatory compliance Math Microsoft Teams Customer support for financial loans Veterans Affairs (VA) loans Loan document verification Full Job Description Responsible for providing support for all mortgage loan processing activities. Collects and verifies necessary information and prepares documents for underwriting and closing review. Communicates loan status to all involved parties including Members, Team Members, Attorneys, and Real Estate Agents.

ESSENTIAL FUNCTIONS

Provides exceptional member service and acts as liaison to request required documentation from applicants and follow up on missing items. Reviews preliminary documents to determine qualification for portfolio and investor products. Communicates loan program features and benefits to members. Provides members with timely and periodic status updates on their loan application. Orders any necessary information such as appraisal, title, flood certs, verifications, insurance, etc. Reads, understands, and interprets basic real estate contracts and language. Coordinates activities with underwriters, attorneys, real estate agents and members. Reviews information for completeness and accuracy. Clarifies missing or questionable information. Follows up with members on outstanding documents. Ensures that all necessary items are available for underwriting. Tracks development of information to ensure compliance with underwriting guidelines and resolves conditions of underwriting. Compiles documents and enters data into mortgage loan origination system for assessment. Submits loan for final approval. Assures that all member files are complete and in compliance with regulatory agencies and internal policies and investor guidelines. Communicates the status of loans to members and prepares any other miscellaneous correspondence and records as required. Resolves or refers requests and problems promptly and courteously. Answers member loan questions regarding the process of approval. Keeps management informed of area activities and of any significant problems. Stays informed of changes in lending standards, related legal requirements and trends in real estate. Promotes and establishes strong, positive, and productive working relationships within the organization through commitment to the company's purpose, mission and core values.

Required:

Knowledge of regulatory requirements - RESPA, HMDA, ECOA, FCRA, Flood Determination, Reg Z, Ability to Repay, Interagency Appraisal and Evaluation Guidelines. Thorough knowledge of mortgage lending programs - Conventional, FHA, VA and USDA. Minimum 2 years' of mortgage loan processing experience. Solid math and calculation skills.

Pay:

From $20.50 per hour

Benefits:

401(k) 401(k) matching Dental insurance Health insurance Health savings account Life insurance Paid time off Professional development assistance Retirement plan Tuition reimbursement Vision insurance

Work Location:

Hybrid remote in Duluth, GA 30097