Mortgage Loan Processor

We recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box.

• Comprehensive medical insurance plan
• Dental and vision insurance
• Generous paid‑time‑off
• 12 paid holidays
• Annual bonus (discretionary bonus based on achievement of organizational scorecard results)
• 401(k) plan
• Wellness program
• Tuition assistance
• Employee loan discount
• Employee Assistance Program (EAP)
• Life and disability coverage

• Career development and pathing opportunities to move into leadership roles or other lines of business within MCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more.
• Supportive and engaging work environment.
• A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first.
• A work environment that encourages personal as much as professional growth, teamwork to make the dream work, and treating everyone equally.
• Studies have shown that individuals from marginalized and or historically underrepresented groups may be less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job. We would encourage you to apply for a job at Meritrust Credit Union, even if you don’t meet every one of our qualifications listed.

This is a full-time position working 40 hours a week, Monday-Friday 8:00am - 5:00pm.

The Mortgage Loan Processor is responsible for managing and processing mortgage loan applications from initial submission through final approval. This role involves verifying application information, coordinating with various stakeholders, and ensuring compliance with regulatory requirements. The Mortgage Loan Processor plays a vital role in facilitating a smooth and efficient mortgage process for members.

• Application Review
  • Assists in Set up of loans
  • Verify vendor orders are complete and invoices received, and all are in the applicant’s file,
  • Communicate and order 3rd party documentation such as title, flood, tax transcripts, appraisals, payoff information, insurance, condominium, and HOA docs, etc
  • Performs a thorough review and analysis of borrower’s credit and employment history. Ensure application has two (2) years verified employment that matches supporting documentation, income, and assets, and address large deposits before submitting the file to underwriting, Address any potential issues that may arise in underwriting.
  • Review disclosures for completeness and accuracy.
• Documentation Management
  • Collect and organize all necessary documentation from borrowers, such as tax returns, pay stubs, and bank statements.
  • Ensure all required documents are properly recorded and stored.
• Communication
  • Maintain effective communication with borrowers, loan officers, underwriters, and other relevant parties throughout the loan process.
  • Provide updates to borrowers on the status of their applications and address any questions or concerns.
  • Schedule closings with Members, title and closing department
• Compliance
  • Ensure all loan processing activities comply with federal, state, and local regulations, as well as credit union policies.
  • Review loans for compliance within RESPA, TRID, HMDA, Reg. B, etc. (all mortgage related regulations). Prepare proper disclosures as required by regulations,
  • Stay informed about changes in mortgage regulations and update procedures accordingly.
• Coordination
  • Coordinate with underwriters to facilitate the timely review and approval of loan applications.
  • Schedule and manage appraisals, inspections, and other necessary steps in the loan process.
• Problem Resolution
  • Identify and resolve any issues or discrepancies that arise during the loan processing.
  • Work collaboratively with internal and external parties to address and rectify problems promptly.