AMOCO Federal Credit Union · 21 hours ago
Mortgage Loan Processor
Houston, Texas, United States
Full-time
Onsite
New Grad, Entry LevelAMOCO Federal Credit Union is one of the largest credit unions in the Houston/Galveston area, dedicated to serving the financial needs of its members. The Mortgage Loan Processor is responsible for verifying loan information, coordinating with various stakeholders, and ensuring compliance with policies and guidelines throughout the mortgage loan process.
Financial Services
Responsibilities
Serves as a contact for members, sellers, realtors, and title companies that are involved in loan file; notifies and works closely with them to resolve any problems that may arise
Reviews and verifies the credit application for creditworthiness in compliance with AMOCO policies, secondary market guidelines, and private mortgage insurance requirements
Obtains and reviews all documentation in conjunction with income, employment, and asset verification required by the approving mortgage loan underwriter
Updates loan files within the loan origination system as necessary to ensure consistent processes of completed tasks assigned
Prepares the file for underwriters' review and decision. Completes all tasks and responsibilities required to clear the approval conditions as determined by the mortgage loan underwriter
Determines if any additional information is needed from members to successfully process the loan, orders updated credit reports when necessary, orders appraisals through third-party appraisal management company, orders title commitments and/or title searches, requests survey quotes from surveyors, sources large deposits, completes verification of employment and verification of mortgage, and updates loan origination system with appropriate data when informed and/or forms are returned
Manages all assigned loans in their respective pipeline while working within stated timelines reported in real estate contracts as well as management established turnaround times
Performs other related duties as assigned
Qualification
Required
Verifying information in all loan files submitted to processing
Ordering third-party services (i.e. title work, surveys, insurance, VOEs, pre-close credit reports, invoices, etc.) and documents needed to complete the files
Updating information on the loan origination (LOS) and imaging systems during the mortgage loan process
Coordinating with the Loan Originator, the borrower(s), and Underwriting to clear pre-document and pre-closing conditions
Serves as a contact for members, sellers, realtors, and title companies that are involved in loan file
Reviews and verifies the credit application for creditworthiness in compliance with AMOCO policies, secondary market guidelines, and private mortgage insurance requirements
Obtains and reviews all documentation in conjunction with income, employment, and asset verification required by the approving mortgage loan underwriter
Updates loan files within the loan origination system as necessary to ensure consistent processes of completed tasks assigned
Prepares the file for underwriters' review and decision
Determines if any additional information is needed from members to successfully process the loan
Orders updated credit reports when necessary
Orders appraisals through third-party appraisal management company
Orders title commitments and/or title searches
Requests survey quotes from surveyors
Sources large deposits
Completes verification of employment and verification of mortgage
Updates loan origination system with appropriate data when informed and/or forms are returned
Manages all assigned loans in their respective pipeline while working within stated timelines reported in real estate contracts as well as management established turnaround times
Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control
Commitment to provide excellent customer service while using Member Service & Loyalty Skills: Focus on Member, Maintain/Enhance Self-Esteem, Listen, Maintain Personal Responsibility, Manage Complaints and Resolve Problems
Benefits
Health Benefits including medical, dental, and vision for employees
Tuition reimbursement
On the job training
401(k) match
Annual Bonus Incentive
Paid Company Annual Holidays
Paid time off
Frequent employee appreciation and recognition events
Company
AMOCO Federal Credit Union
AMOCO Federal Credit Union is a Credit union facility located across multiple locations in Texas
Founded in 1937
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Jeremy Silva
CFO
Gail Figueroa
Chief Administration Officer
Company data provided by crunchbase