[Hiring] Mortgage Loan Processor @Mid Minnesota Federal Credit Union

Role Description

Processing mortgage loan applications from the time of receipt of application to the time that the loan funds.

• Maintain the highest standards of Integrity, Personal Responsibility, Sense of Community, and Teamwork by self-example within and outside Mid Minnesota Federal Credit Union.
• Build member loyalty through an uncompromised commitment to meeting and exceeding members' expectations.
• Develop and maintain relationships with credit union members by determining member needs and maximizing all opportunities to sell additional credit union products and services.

Qualifications

• Experience in mortgage loan processing.
• Strong understanding of credit union policies and secondary market guidelines.
• Excellent communication and interpersonal skills.

Requirements

• Conduct daily processing requirements of the real estate lending program to ensure members receive loan decisions in the shortest time frame possible.
• Review applications for accuracy and completeness and compliance with credit union policies and secondary market guidelines.
• Calculate and disclose all TILA-RESPA Integrated Disclosure (TRID) requirements.
• Process verifications of mortgage, deposits, loans, and employment.
• Order required reports: appraisals, hazard insurance coverage (flood insurance coverage if applicable), title insurance report, Owners and Encumbrance reports, and plat drawing.
• Package and submit mortgage files to our contract or internal underwriter for approval when all information necessary for underwriting has been received.
• Review and audit loan documentation to ensure all underwriting conditions and investor requirements have been met.
• Prepare and forward all necessary closing documents to closing agent.
• Complete proper documentation and recording of closed loans based on underwriting requirements and lending policies.
• Coordinate operations with outside agencies/services as needed to ensure smooth lending process for members.
• Approve payment to third party vendors entitled to payment as required.
• Process denial in accordance with credit union and regulatory policies as needed.
• Monitor and disburse funds to title companies for construction draw requests.
• Back-up Mortgage Lending Specialist position as needed.

Benefits

• Competitive salary.
• Health and wellness programs.
• Retirement savings plans.

Company Description

Mid Minnesota Federal Credit Union is committed to providing exceptional service and fostering a sense of community.