Mortgage Processor​/Closer II

Job Summary

The Mortgage Processor/Closer works with Mortgage Originator, Underwriters, and Processing and Closing Managers to ensure mortgage loans are processed and closed in accordance with secondary market guidelines and/or Board Policy. The role serves as a point of contact for borrowers, realtors, settlement agents, and other third parties.

• Processes and closes 1st mortgage loans, and other moderately complex and niche loan types.
• Analyzes and interprets federal and state regulations, credit union policy, and secondary market guidelines for all real estate loans - conforming and non-conforming.
• Assists with training of staff and supports the processing and closing units to ensure mortgage loans are processed in a timely and efficient manner.
• Maintains mortgage pipelines and queues to ensure applications and assignments are completed timely and accurately, and informs supervisor of concerns.
• Offers alternative and/or corrective options when applicable, when loan documentation or terms of loan do not meet underwriting standards; also provides detailed comments/rationale on loans to mortgage committees to substantiate approval or denial.
• Performs in-depth review and analysis of appraisals, credit reports, title reports, insurance documentation, income documentation, tax return analysis, asset documentation, commitment letter conditions with little to no supervision.
• Complies with and meets all requirements regarding the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act, 12 CFR 365).
• Performs other duties as assigned.

• High School diploma required; any equivalent combination of experience and education.
• Minimum 2 years of processing government-backed loans such as FHA, VA, and USDA, or construction draw loans.
• Minimum 2 years or longer of secondary market, first mortgage processing and/or closing.

Schedule:

Monday - Friday 9:00 am - 5:00 pm;

Location:

Remote (applicants must reside in PA to be considered for this role).