Mortgage Loan Processor

Description

The mission of Oklahoma Central Credit Union is to make a difference in the lives of our employees, our members, and the communities we serve. We know we must make a difference in the lives of our employees for them to make a difference for our members and communities.

Your role:

You'll play an integral part within the lending department by being responsible for preparing and organizing the file and working in conjunction with the underwriters and Mortgage Loan Manager.

In this role you will:

• Review mortgage application and verify the information documented in the loan origination system. Verify the accuracy of the Loan Estimate and re-disclose if necessary.
• Ensure each loan is complete and ready for closing on the projected closing date to ensure loan is closed, disbursed and delivered within Investor requirements, within the Purchase and Sale Agreement and rate lock deadline.
• Review supporting documentation for completeness and consistency with the information indicated on the loan application. Input missing or modified information into the loan origination system. Communicate discrepancies with information and documentation requirements with underwriter.
• Validate information to ensure qualifications are consistent with OCCU and Investor underwriting guidelines.
• Complete credit and appraisal analysis for the loan to ensure compliance with investor and regulatory requirements.
• Contact vendors assigned to the loan application to obtain status of required documentation such as appraisal, flood certification and attorneys/title.
• Responsible for running DU/AUS during loan process.
• Maintain accuracy of the company’s database by reviewing and updating information as it is received.
• Document all communication related to the loan application in the conversation log.
• Review all conditions of the loan approval and ensure all conditions are satisfied before submitting the loan for clear to close.
• Update the pipeline/production report daily.
• Prepare loan files according to government and credit union standards, following underwriting specifications.
• Close loans within a timely manner, not exceeding rate lock expirations or reasonable member expectations.
• Demonstrate compliance and maintain a good working knowledge of credit union policies and procedures, government regulations, and Mortgage Insurance Company underwriting requirements. This will require continued and ongoing research and education.
• Commitment to Credit Unions' needs and maintain confidentiality at all times. 
• Comply with all security guidelines related to physical and information security. 
• Comply with the requirements of all Credit Union policies, procedures, and guidelines including but not limited to the Bank Secrecy Act, Anti-Money Laundering regulations as they relate to the position. 

Some of the many reasons to join our team include:

• Competitive pay - Cha-ching!
• Work-life balance - Your family, hobbies, and life outside of work are important to us!
• 401 (k) retirement plan - You contribute to our future, so we contribute to yours!
• Best-in-class healthcare coverage - Helping you stay healthy!
• Generous PTO and federal holidays - We prioritize what matters!
• Community Service - We believe in giving back to the community and you'll receive up to 40 hours of paid volunteer time off!

Requirements

Who we're looking for:

You are a self-starter with a can-do attitude. You are no stranger to a fast-paced environment and tight deadlines, and you are relentless in ensuring that work is completed through effective task management. You are patient and persistent and find innovative ways to solve problems. You are familiar with handling a full caseload of submissions of both purchases and refinances with various lock terms. You review submissions thoroughly, make sound loan decisions and work at an acceptable pace so as to avoid delays and/or extensions.

You’ll need to have:

• A high school education, GED or higher
• 2 or more years of related experience
• Understanding of the legal, compliance and Investor requirements of residential mortgage products including experience with Fannie and Freddie Guidelines and FHA Guidelines 

Even better if you have:

• Home Equity experience
• Encompass experience

Oklahoma Central Credit Union is proud to be an Equal Opportunity Employer and a drug-free workplace!