Kirtland Credit Union · 2 weeks ago
Mortgage Loan Processor
Albuquerque, NM
Full-time
Onsite
Mid Level
3+ years expKirtland Credit Union is dedicated to helping employees learn and grow in their careers. They are seeking a Mortgage Loan Processor who will act as a liaison between various parties involved in the mortgage process, ensuring compliance and exceptional member service throughout the loan processing and closing phases.
Banking
Responsibilities
Acts as a liaison between the Mortgage Loan Officers, Member Experience Specialists (MXSs) Underwriters, Members, Title Companies, Realtors, Builders, and Appraisers
Responsible for reviewing mortgage loan files and requesting required information from the members
Responsible for ordering out, preparing file for final underwriting, closing, and funding the loan
Processes and funds home equity loans and lines of credit
Works effectively with MXSs to coordinate the finalization of loan details and calculate closing figures in preparation for closing and funding
Works with settlement agents to schedule closings
Prepares loan documents for closing, audits executed loan packages, coordinates the funding of the loans, scans loan documents, real estate records, titles, mortgages, and other paperwork as needed
Ensures files are compliant with Fannie Mae (FNMA), Federal Housing Administration (FHA), Veterans Affairs (VA), federal and state legal and regulatory requirements, and Kirtland Credit Union policies and procedures
Effectively work with others to achieve individual goals and department goals
Creates exceptional experiences for internal and external members, employees, and third-party providers utilizing effective interpersonal skills
Supports and adheres to the credit union’s mission, vision, strategic objectives, and service standards
Assumes responsibility for providing effective mortgage loan processing activities
Provide exceptional member service and experiences to internal and external members, employees, and third-party providers
Reviews new loan applications and initial disclosures for completion and works with MLO to clarify missing or questionable information
Act as member’s main point of contact throughout the process, ensuring excellent levels of member service by providing guidance and advice on the mortgage process, in a detailed and comprehensive manner
Ensures interest rates are correct, locked, and proper documentation exists
Collects and analyzes third party documentation as necessary for all applications, including but not limited to title work, income verification, flood determination, insurance, and appraisal
Responsible for reviewing and addressing items involving credit, occupancy, title issues, and employment verifications
Assemble and submit completed file to underwriting; clear manual conditions, cure title issues, and resolve appraisal discrepancies as needed
Responsible to clear any prior-to-fund conditions that arise after final underwriting
Perform the role of liaison between KCU and all parties involved in the mortgage transaction, including realtors, appraisers, title Companies, etc. and effectively communicate to provide exceptional experiences
Review all application documentation to ensure compliance with regulatory requirements Fannie Mae Desktop Underwriting, FHA, VA, FNMA, and KCU lending policy and procedures
Assure Home Mortgage Disclosure Act (HMDA) information is accurate and complete according to the regulatory requirements
Assumes responsibility for providing effective mortgage closing and funding functions
Acts as a liaison between the member and third parties involved in the mortgage transaction, such as realtors and settlement agents (title companies), and the MLO, as necessary and effectively communicate to provide exceptional experiences
Review title and survey for exceptions, and audit loan document to ensure all underwriting conditions have been met
Calculate closing figures and coordinate closing of the loan with the member, settlement agency, and any other involved parties
Qualification
Required
Understanding of mortgage loan processing functions, including FHA/VA and conventional lending
Knowledge of mortgage related requirements, procedures, and underwriting criteria
Knowledge of applicable regulations
Knowledge of real estate closing documents, loan products, and lending compliance and Regulations
Preferred
Associate's degree in business or related field preferred
Three years of Mortgage Lending or real estate loan processing experience preferred
Two years of Financial Institution experience helpful, but not required
Experience with calculating loan to value and debt to income
Benefits
Medical, Dental and Vision Insurance
401(k) Retirement savings program that includes employer match.
Paid time off with accrual starting from day one.
11 Paid Holidays through-out the year
Tuition Reimbursement for College Degrees
Employee Clothing Advance
Fitness Reimbursement Program
Employee Assistance Program
Short- and Long-Term Disability
Travel Assistance
Company
Kirtland Credit Union
Why work at Kirtland Credit Union? Because you spend 40 hours a week or more at work.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Julie Nielsen
Chief Financial Officer
Tina Andrews
Chief Financial Officer
Recent News
San Antonio Business Journal
2025-02-05
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