Senior Mortgage Processor
Oakland, Ca
●Pre-screens loan applications for qualifications consistent with appropriate CFCU policy, procedures and guidelines. Efficiently manages, monitors a pipeline of assigned loans to hit established target cycle times, COE dates, minimum loan production levels. Maintains a weekly status report on all files with the two-day touch process and consults regularly with manager on potential challenges. ●Prepares all applicable file documentation, including mailing regulatory disclosures. Orders preliminary title reports, appraisals, flood certifications. Reviews credit reports, verifies other documentation as required●Communicates loan processing information to members, Relationship Managers, other parties involved.●Validates loans using Desktop Underwriting (DU), requests documentation as DU dictates; verifies and validates input data●Prepares loans for final underwriting approval and satisfies underwriting conditions. Secures supervisor’s or manager’s approval, if required. Completes loan data processing sheet per file; maintains a weekly status report on all files. ●Orders loan documents for closing to coincide with projected closing dates. ●Works with member, Relationship Manager to document income, debt, and credit history; requests documents required to complete application such as income tax return, purchase agreement, property information.●Provides member with all applicable regulatory disclosures after accepting a completed application.●Analyzes potential lending opportunities including consumer loans involved in each lending situation to further assist the borrower as well as increase the credit union's lending portfolio. Makes recommendations to Relationship Manager for potential cross-sells to borrowers. ●Answers members’ questions, obtains information. Performs follow-up on pending loan applications, such as calling member or other persons to obtain needed information, resolve discrepancies, update member on application process and timing, etc.
