Job Description

Starting salary: $22.20 - $27.43, eligible for incentives.

Location: Remote position, must live in Oregon or Washington to be considered for the role.

OCCU is here to enrich lives. We do this by hiring tenacious, humble, and big-hearted individuals who are driven to work hard; contribute to an outstanding member experience; support their community through volunteering and advocating for community needs and are dedicated to their own individual growth and development.

As a Mortgage Loan Processor, you will ensure timely and accurate processing of all loans originated by Originators. They obtain initial loan information for submission through an AUS, send it to underwriting, submit documentation to clear underwriter conditions and obtain necessary items to prepare file for closing. In addition to processing real estate mortgage loans, they provide overall assistance to departmental process flow and training to new team members.

Every day you will:

• Consistently demonstrate alignment with OCCU vision and values.
• Review and analyze initial loan application and supporting documentation provided, evaluating if additional documentation will be needed to satisfy loan conditions for approval.
• Review and analyze standard documentation throughout process including loan application, credit report, employment/income, assets, other verifications, sales contract,
• DO/DU/LP Findings, preliminary title report, flood certificate, fraud report, hazard/flood/PUD/Condo insurance(s), appraisal(s) and all other documents applicable to the loan.
• Order verifications, appraisals and preliminary title reports; subordinations; modifications; account transfers; and request other critical documentation needed to process a file.
• Perform income review and calculations; W2, 1099, Retired and Self-Employed income.
• Complete detailed research on revised loans; compile information for underwriting and closing; and assist Loan Originators in meeting underwriting conditions.
• Register loans and obtain FHA and VA I.D. numbers, as applicable.
• Ensure all applications, forms, documents and disclosures are completed properly prior to submitting to underwriting.
• Coordinate and engage with borrowers, realtors and title companies.
• Ensure processing input fields are complete and accurate.
• Maintain detailed notes within LOS throughout entire loan transaction. Confirm documents are labeled correctly and in the correct placeholders, with comments attached as needed.
• Accurately input information in loan origination system (LOS) to ensure TRID requirements are met.
• Confirm and schedule closing/funding dates and coordinate signing for home equity transactions and first mortgage transactions as needed.
• Maintain a pipeline report of loans efficiently and accurately. Review pipeline daily to make sure new loans are moving through milestones as projected.
• Review pipeline with Originator weekly to ensure file details and closing projections are aligned.
• Review pipeline with management as required, sharing closing projections and discussing aged pipeline to determine if loans need to be denied or withdrawn.
• Mentor and train new processors.
• Follow all State & Federal Credit Union and Mortgage Lending regulatory compliance requirements and complete annual training as necessary.
• Must maintain licensing and relevant updates with the NMLS Safe Act website including address changes, name changes and other relevant personal information changes required by NMLS. Annually renew licensing in the timeline allotted by NMLS.
• Must be eligible to perform origination functions on loans sold to Fannie Mae. (Eligibility is determined through public database screening.)
• Operate under regulation, quality control and department required timelines. Identify and communicate issues which may prevent reaching these timelines.
• Maintain the highest level of confidentiality regarding all sensitive, confidential and proprietary credit union information.

To thrive in this role, you must have:

• Minimum three years of similar or related experience.

Qualified candidates for this position will have the relevant education and experience necessary to perform the essential functions and meet the minimum performance expectations for this position with or without accommodation.

OCCU offers a robust compensation and benefits package including:

• Low-cost medical, dental, and vision insurance.
• 401(k) retirement plan with employer match.
• Paid time off in addition to 12 paid holidays.
• Tuition reimbursement for eligible education and training.
• Company-paid long-term disability.

OCCU is an Equal Opportunity Employer.

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