Mortgage Processor/Closer II

Job Summary The Mortgage Processor/Closer works with Mortgage Originator, Underwriters, and Processing and Closing Managers to ensure mortgage loans are processed and closed in accordance with secondary market guidelines and/or Board Policy. The role serves as a point of contact for borrowers, realtors, settlement agents, and other third parties. Responsibilities Processes and closes 1st mortgage loans, and other moderately complex and niche loan types. Analyzes and interprets federal and state regulations, credit union policy, and secondary market guidelines for all real estate loans - conforming and non-conforming. Assists with training of staff and supports the processing and closing units to ensure mortgage loans are processed in a timely and efficient manner. Maintains mortgage pipelines and queues to ensure applications and assignments are completed timely and accurately, and informs supervisor of concerns. Offers alternative and/or corrective options when applicable, when loan documentation or terms of loan do not meet underwriting standards; also provides detailed comments/rationale on loans to mortgage committees to substantiate approval or denial. Performs 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. Complies with and meets all requirements regarding the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act, 12 CFR 365). Performs other duties as assigned. Qualifications High School diploma required; any equivalent combination of experience and education. Minimum 2 years of processing government-backed loans such as FHA, VA, and USDA, or construction draw loans. Minimum 2 years or longer of secondary market, first mortgage processing and/or closing. Schedule & Location Schedule: Monday - Friday 9:00 am - 5:00 pm; Location: Remote (applicants must reside in PA to be considered for this role). #J-18808-Ljbffr