Enable America Jobs

Company Description

Bilingual English -Spanish speaking candidates preferred

Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.

Job Description

Senior Mortgage Loan Processors are on the Mortgage Production Team and are tasked with the following critical objectives: Analyzing mortgage applications and determining all documentation requirements based upon the uniqueness of the property, borrower's credit profile, employment type and history and/or income source(s), asset portfolio, source of down payment, and the loan type being requested and the corresponding investor standards. Organizing the borrower(s) and vendors (title companies, appraisal management co. HOA's, etc.) and communicating the requirements of approval. Retrieval and analysis of documentation, and compilation of a file to be submitted to mortgage underwriting for Conditional Approval. Providing service to borrowers and REALTORs that supports ongoing business development activities of the MLO. Achieving (in partnership with Mortgage Underwriters, Mortgage Closers and other mortgage business units) industry leading NPS scores and industry leading turn times. Achieving compliant and salable mortgage loan production. Act as a mentor to all processors, assisting with problem solving and questions. Serve as a leader in the departme

Essential Functions To ensure the timely and accurate processing of all assigned mortgage loan types, while maintaining quality standards and timelines. Conduct a detailed analysis of all loan file documentation for credit granting purposes including but not limited to application, credit report, DU Finding, pay stubs, tax returns, asset statements, third party vendor documentation, while serving as the primary contact for the member(s). Analyze all loan documentation for compliance with GSE Investors and Ent portfolio guidelines. Evaluate and independently resolve complications that arise related to loan guidelines, member requests, regulatory requirements, etc. Communicate loan status with members, Mortgage Loan Officer (MLO) and industry partners. Professionally and proactively communicate with members to ensure a p Setup loan file by ordering all required services from third-party vendors, such as appraisals, VOEs, VOMs, title commitments, flood certificates, tax transcripts, etc. to meet all required timelines. Update system with accurate closing costs. Conduct pipeline review no less than weekly with MLOs. Keep leadership and MLO informed of progress of mortgage loan file and advise them immediately of any problems that arise. Conduct daily review and follow-up with customers and vendors regarding outstanding items; gather necessary documentation as needed. Manage key dates for purchase contract deadlines and document expiration dates. Act as a mentor to all processors, assisting with problem solving and questions. Serve as a leader in the department and assist with files when processors are out of the office. Research and maintain an updated knowledge of loan program guidelines. Understand and meet all regulatory guidelines to guarantee loan compliance (i. e. points and fees tests, APR, QM, ATR, etc. ) Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act

Qualifications

Minimum Formal Qualifications for regular level: High School Diploma/G.E.D. 3+ years' general financial services experience to include: 2+ years' mortgage loan processing experience 1+ years' experience processing government loans

Minimum Formal Qualifications for Sr. level: High School Diploma/G.E.D. 4+ years' general financial services experience to include: 3+ years' mortgage loan processing experience 2+ years' experience processing government loans

Each year of relevant work experience may be exchanged for a year in a relevant degree program or vice versa. For example, a requirement of a bachelor's degree in accounting and 2+ years of account experience could be substituted for a high school diploma and 6 years of relevant accounting work experience or a master's degree in accounting and 0 years of work experien

Technical or Specialized Knowledge/Skills: Extensive knowledge of all first mortgage products, terminology, and process flow. Extensive knowledge of investor and lending regulations. Expert knowledge to analyze member provided documentation (i.e. paystubs, credit reports, assets, tax returns, etc.), purchase contracts, title commitments, and recognize potential red flags/fraud. Exceptional ability to maintain a win/win focus on coordinating member service and external pressures to create positive outcomes for all interested parties. Effective written and verbal communication skills with the ability to match conversation styles to the intended audience.