Mortgage Lending Processor
Posted on Sep 2, 2020 by Cardinal Credit Union
Founded in 1953, Cardinal Credit Union is a community chartered credit union serving citizens in Lake, Cuyahoga, Geauga, Ashtabula, Portage, Summit, Mahoning, Trumbull, and Columbiana counties. Our mission is to brighten our member's financial future. The Credit Union National Association (CUNA) recognized Cardinal as one of the 200 Healthiest Credit Unions in the nation.
Cardinal is seeking an experienced Processor with at least 2 years experience to perform the following tasks:
Mortgage Loan Processing:
Assumes responsibility for the timely processing of conventional and portfolio mortgage loan applications in compliance with investor and credit union policies and legal requirements. Collects and reviews initial mortgage loan documentation and assembles completely documented files for submission to underwriting. Orders and follows up on any outside services requests such as credit reports, credit supplements, appraisals, title work, and flood certifications. Reviews underwriting conditions and collects loan documents to satisfy these conditions. Monitors loans in process to determine any deviation from standard processing time and takes appropriate actions, including notifying the manager, for alternatives to ensure members receive timely service. Maintains contact with members throughout the processing period, assisting them with any questions and notifying them of any additional information required. Notifies the member of the final underwriting decision. Counsels members whose loan requests were denied, explaining reasons and alternatives. Prepares, if applicable, the Decline Letter .
Mortgage Loan Closing, Funding and Sale to Secondary Market:
Assumes responsibility for providing effective administrative support for mortgage closings. Performs pre-closing verifications of employment. Prepares appropriate documents for members in accordance with loan type programs. Calculates closing figures and complete closing instructions. Reviews all closing documents for completeness and accuracy including title reports and lock confirmations. Schedules closing appointments with title companies. Calls members, real estate brokers, and/or title companies to request specified and required documents. Informs members of Credit Union loan policies, services and closing procedures. Reviews and verifies executed closing packages to ensure all documents are sign appropriately and all fees are included with the package. Funds loans within posted turn times and cutoffs. Prepares documentation for sale to investors/secondary market. Receives and disburses investor sale proceeds to appropriate general ledger accounts. Ensures mortgage servicer system is updated appropriately.
Mortgage Loan/Service Department Support:
Assumes responsibility for effectively and efficiently performing mortgage loan support to all mortgage department personnel. These loan support activities include, but are not limited to, the following: answers member questions regarding mortgage loans, payments, balances, and insurance requirements. Counsels members regarding money management and financial matters. Provides follow-up on a consistent basis with originators, borrowers, and agents. Maintains and projects the Credit Union's professional reputation. Maintains the necessary records in the appropriate system to ensure that CCCU is compliant with HMDA reporting requirements. Provides support for mortgage servicing activities including, but not limited to, the following: payment processing/reversal; processing of payoff requests; disbursements of real estate taxes and homeowner's insurance, year-end processing, and homeowner's insurance claims.
Cardinal Credit Union is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment.
Non-Smoking work environment.