Mortgage Loan Processor - REMOTE
Who is Quorum Quorum Federal Credit Union is a modern financial services organization that blends over 90 years of trusted experience with innovative, technology-driven solutions. As a nationally recognized employer of choice (we re Great Place to Work Certified and a Fortune Best Workplace in the Country!), we attract and develop top talent, empowering our team to drive the organization forward. We re a human-centered company, committed to creating a positive and enriching work journey while supporting the personal and professional growth of our employees. We appreciate what employees do every single day and stand by our Employee Value Proposition of Opportunity, Flexibility, Fun. A Career That s Good. For You.
Job Description
Summary The Mortgage Loan Processor is responsible for processing all first and second mortgages, working closely with the Loan Officers, Underwriters, and Closers from application through post-closing of the mortgage loan. In addition, this role analyzes, reviews, and clears underwriting conditions, resolves routine title issues, prepares loan files for closing when necessary, and more. Key Job Responsibilities and Accountabilities Processes and closes first and second mortgage applications in accordance with secondary market/Credit Union guidelines and ensures loan documentation complies with Federal, State, and local rules and regulations. Keeps abreast of industry developments including, but not limited to, changes in regulations and technology. Ensures adherence to company policies and procedures and Banking/Credit Union Regulations. Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners, and vendors. Interacts with Loan Officers, Underwriters, Closers, Support, and Submission team members to facilitate a smooth transaction. Additionally, interacts with outside sources such as vendors, service providers, partners, and members to facilitate a smooth transaction. Maintains a high level of customer service by being proactive in communication with co-workers, members, vendors, attorneys, partners, title company representatives to ensure proficient processing of all loans and a positive experience. Manages satisfactory reviews and clearance of underwriting conditions which include, but are not limited to, income, asset documentation, collateral documentation, and resolving routine title issues ensuring loan files meet secondary market/Credit Union guidelines. Routine title issues include, but are not limited to, vesting issues, child support liens, judgement liens, mechanic liens, and undisclosed liens. Submits mortgage loans through Desktop Underwriter (when necessary) and reviews the automated underwriting conditions to ensure loans still meet original approval eligibility. Inputs and updates data into loan origination systems and assures adequate file integrity. Generates and/or ensures timely generation of all required documentation and processing disclosures. Orders various reports such as appraisals, flood certification, and title, reviewing for issues or disputes and working with various parties to clear outstanding items. Ensure compliance with all applicable federal and state regulations by maintaining an active and valid NMLS license, and completing necessary continuing education requirements as mandated for the role. Ensures adherence to company policies and procedures and Banking/Credit Union Regulations. Performs additional duties as required. Job Requirements, Competencies, and Skills Bachelor s degree in finance, business administration, or other business-related degree preferred, will consider experience in lieu of degree. Minimum of three years related experience; related work experience in mortgage industry required. Detailed knowledge of secondary market guidelines and regulations. Knowledge of the mortgage process from origination to post closing. Obtain and maintain NMLS license number as required each year, including completion of required education and training. Excellent problem-solving, organizational, analytical, verbal, and written communication skills. Strong decision making and time management skills with the ability to manage multiple projects/duties. Trustworthy with the ability to maintain the highest level of integrity and trust. Complies with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS. Proficiency in Microsoft Office, specifically Outlook, Teams, Word, Excel, PowerPoint, and SharePoint. Related experiences with loan origination systems preferred but not required. Environmental / Physical / Mental Requirements Stable internet connection with speeds high enough for video conferencing and screen sharing Sma