Home Equity Mortgage Processor

Company: Suncoast Schools Federal Credit Union
Location: Fort Myers
Posted on: January 9, 2022

Job Description:

Duties and Responsibilities

* Performs tasks associated with processing home equity mortgage loans. Completes tasks and meets all conditions associated with loan approval according to MI and Credit Union guidelines.
* Performs verifications of employment, insurance, and calculations of income, insurance premiums, and loans.
* Reviews and validates documents supporting application data, including employment and income, analysis of tax returns, payment history, liabilities, and real estate owned. Obtains corrections and written explanations of any material differences from facts shown on original application.
* Reviews title insurance commitments/O&E's, AVM's, and appraisals for accuracy. Verifies adequate coverage of hazard and flood insurance.
* Updates loan origination system with verified information to ensure complete and accurate documents and tracking.
* Proactively creates and maintains a close communication relationship with all parties involved in the mortgage transaction to ensure timely fulfillment of documentation requirements and established SLA's. Answers mortgage applicants' questions, and returns all phone calls and electronic communications in a timely manner according to established performance standards and benchmarks. Follows-up with members and vendors within prescribed time frames for previously requested information in order to meet closing benchmarks.
* Responsible for accurate and compliant re-disclosures of loan amount, term, rate, product, and closing costs.
* Reviews daily loan queue views to ensure files are worked according to established performance standards and timeframes.
* Assists Service Centers with questions regarding consumer mortgage applications in process.

Attends job-specific training classes as requested by manager. Completes annual BSA/AML compliance training and understands employee's role in maintaining an effective BSA/AML compliance program, and completes FACT Act Red Flag training.

Minimum Education, Experience and Skill Requirements

* High school diploma or equivalent.
* 1 or more years mortgage processing and/or closing experience. Previous Home Equity or Fannie Mae experience preferred.
* Able to prioritize tasks, deal effectively with competing and changing priorities, and meet deadlines. Accurate, detail-oriented, and organized. Able to resolve routine problems and situations.
* Basic knowledge and understanding of Credit Union products, services, policies, and procedures pertinent to the job.
* Basic knowledge and understanding of regulatory compliance necessary to successfully perform job responsibilities.
* Basic knowledge and understanding of all Credit Union computer systems and software applications required to perform job duties.
* Good verbal and written communication skills and interpersonal skills in order to interact professionally and effectively with members, staff, vendors, and government regulators. Able to communicate information that requires some explanation or interpretation.
* Work is closely supervised.

Safe Act Statement

This position requires the employee to register as a mortgage loan originator with the Nationwide Mortgage Licensing System and Registry (NMLS) and obtain a unique identifier from the Registry before engaging in mortgage loan originator activities, to maintain and renew that registration on an annual basis, to update registration information with the Registry on a timely basis, and to provide that unique identifier to consumers as required by applicable SAFE Act regulations and Suncoast Credit Union policies and procedures.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, employee is regularly required to sit, stand, and walk; use hands and fingers to handle or feel; reach with hands and arms; talk and hear. Must be able to lift and carry up to 25 pounds. Vision requirements include close and classroom vision. Periodically required to travel by automobile. Periodically required to work other than normal business hours.

Keywords: Suncoast Schools Federal Credit Union, Fort Myers , Home Equity Mortgage Processor, Other , Fort Myers, Florida