[Hiring] Mortgage Processor/Closer II @PSECU

Role Description

The Mortgage Processor/Closer will work with Mortgage Originator and Underwriters and Processing and Closing Managers to ensure mortgage loans are processed and closed in accordance with secondary market guidelines and/or Board Policy. They serve as a point of contact for borrowers, realtors, settlement agents and other 3rd parties.

Schedule: Monday - Friday 9:00am - 5:00pm; Location: Remote, applicants must reside in PA to be considered for this role.

In this position, you will:

• Process and close 1st mortgage loans, and other moderately complex and niche loan types.
• Analyze and interpret federal and state regulations, credit union policy, and secondary market guidelines for all real estate loans - conforming and non-conforming.
• Assist with training of staff. Support the processing and closing units to ensure mortgage loans are processed in a timely and efficient manner.
• Maintain mortgage pipelines and queues to ensure applications and assignments are being completed timely and accurately and inform supervisor of concerns.
• Offer alternative and/or corrective options, when applicable, when loan documentation or terms of loan do not meet underwriting standards. Provide detailed comments/rationale on loans to the various mortgage committees when necessary to substantiate the request for approval or denial of a loan.
• Perform in-depth review and analysis of appraisals, credit reports, title reports, insurance documentation, income documentation, tax return analysis, asset documentation, commitment letter conditions with little to no supervision.
• Comply with and meet all requirements regarding the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act, 12 CFR 365).
• Other duties as assigned.

Qualifications

• High School (Required)
• Minimum 2 years of processing government-backed loans such as FHA, VA, and USDA, or Construction draw loans or any equivalent combination of experience and education. (Not Required)
• Minimum 2 years or longer of secondary market, first mortgage processing and/or closing, or any equivalent combination of experience and education. (Required)