Mortgage Loan Processor - Full-time - Remote

Mortgage Loan Processor
Regular Full-Time Lancaster, SC, US

Founders Federal Credit Union helps our members attain their financial goals. Our innovative services, convenient locations, and friendly employees are dedicated to our members and their financial future. Founders Federal Credit Union is strongly committed to providing the highest level of quality service to our members. Are you a professional in the financial industry looking for a growing company to expand your career? We are in search of an individual with mortgage or finance experience who has a desire to grow in the mortgage industry. This position will be located on-site at either our Corporate Headquarters in Lancaster, SC or our back office operations center in Rock Hill, SC. Remote work is not available at this time.

The primary function of the Mortgage Loan Processor is to serve as the single point of contact for our members throughout the mortgage process and ensure each file is processed in a timely manner with accuracy. They will be responsible for accurately managing residential real estate loan documentation through our established systems, and reviewing it to ensure it is completed in full and complies with current regulations and policies.

Guide all mortgage applicants through the mortgage process by following the set communication protocol guidelines and performing additional follow up with members when needed.

Verify file information from Mortgage Application Processor and Mortgage Loan Officer.

Review and confirm the submitted interest rates based on the interest rate sheet, determine when the interest rate can or cannot be locked, and lock application rates when needed.

Work closely with Mortgage Loan Officer and mortgage staff to ensure mortgage loan applications are handled in a professional and timely manner.

Must maintain integrity of all member sensitive data.

Satisfy all loan conditions when received from Mortgage Underwriter, track outstanding documents and follow up with member to collect all required documentation for the mortgage loan.

Ascertain loan file readiness for underwriting and submit files to the assigned Mortgage Underwriter.

Review credit reports for derogatory credit lines or disputes and other important factors.

Proficiently utilize MortgageBot, Imageflow and DocMagic when preparing initial and final mortgage documents.

Request preliminary real estate title opinion or title commitment and follow-up until legal work is received.

Verify insurance by obtaining a copy of the policy and must be able to verify policyholders, property address, coverage amounts, policy dates and premiums.

Ensure that loan files contain documents with proper signatures, dates, HMDA, escrow and other relevant data. Upload and accurately index all required mortgage documentation into ImageFlow.

Set and confirm closing dates with the member and attorney along with adding or updating the information on the SharePoint Closing Calendar.

Must verify borrower’s verification of employment and verification of mortgage/rent when needed.

Achieve production goals as established by Founders Federal Credit Union.

Comply with Founders’ policies and procedures, as well applicable laws, regulations, and statutes issued by federal agencies such as NCUA and FFIEC, including, but not limited to, GLB and BSA. Employees have legal and regulatory obligations to respect and protect the privacy of information and its integrity and confidentiality.

Must have a two-year college degree, two years of prior loan processing experience, or two years of experience within a financial institution.

The individual must have a desire to learn and the ability to accept coaching.

Always “Think Member” and look for opportunities to serve our membership in the best interest of the member and the credit union.

Candidate must be available Monday-Thursday 8am-5pm, Friday 8am-6pm

As the Mortgage Loan Processor, you will receive hourly pay, including possible overtime, as well as an annual bonus based on performance.

Paid Holidays

Retirement Plan (401k with employer contributions + Pension Plan fully funded by FFCU)

Comprehensive Health and Dental Insurance

Voluntary Supplemental Life Insurance coverage for employee, spouse, and children

Health Care and Dependent Care Flexible spending accounts

Short-Term & Long-Term Disability Insurance

Tuition reimbursement to assist with furthering education

A pre-employment criminal background check, drug screen, consumer credit investigation, and previous employer reference check will be required.

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