Senior Mortgage Loan Processor

Mar. 21, 2018 - May. 21, 2021
Location:Broomfield, CO
Benefits:Competitive Compensation Package
Type:Full Time
Department:Elevations Credit Union
Description:
Duties:What you will be doing:

The Senior Mortgage Loan Processor is responsible for processing and closing mortgage applications for both portfolio and investment market received from Loan Originators. Prepares all mortgage loan closing documents in compliance with Secondary Market guidelines, including, but not limited to FNMA 1st mortgage guidelines as well as internal portfolio products within policies set by the credit union. Provides a backup to Mortgage Loan Support and Mortgage Loan Closing Coordinator.

Inputs loan applications into loan processing system, including any changes to existing information on file; manipulates Desktop Underwriter to confirm information and changes.

Orders credit report supplements, appraisals, title insurance commitments, flood certifications and follows up when necessary; reviews files for completeness and accuracy

Communicates with loan originator regarding any outstanding items and/or additional documentation needed

Revises loan approval/conditions cover sheet
Complies credit exhibits and prepares final loan application for submission to underwriter.

Examines and reviews files for completeness, which includes title commitments, surveys and purchase contracts

Orders all necessary documents for loan closing; prepares loan closing documents, FNMA 1008-Uniform Underwriting and Transmittal

Reviews adequacy of insurance coverage in relation to dollar amount of loan, need for flood insurance, and Private Mortgage Insurance
Orders Private Mortgage Insurance
Qualifications:
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