Mortgage Lending Rep (Bilingual)

Description

Purpose of Position:

The purpose of this position is to gather and analyze financial information on members and non-members for the purpose of determining qualifying status for all mortgage loan programs, including in-house and secondary-market mortgage products.

Duties and Responsibilities:

• Develop mortgage loan business through member seminars and calls to realtors, contractors, and other institutions
• Interview loan applicants and assist members and non-members with the loan application process
• Provide all applicable disclosures for both fixed-rate and variable-rate loans
• Calculate closing costs and provide a Loan estimate of closing costs to mortgage applicants
• Process loan to include verification of employment, deposit accounts, and all liabilities in order to prepare application of verified information
• Obtain and evaluate credit bureau reports to determine credit-worthiness based on industry and policy standards
• Order appraisals from appraisers or secondary market lenders and evaluate real estate appraisal to ensure proper guidelines are followed and final value is properly determined
• Request flood certification to determine if property is or is not located in a flood zone
• Order title work from attorney or title company
• Identify critical missing documents, match them up with loan files
• Accumulate and organize incoming conditions for underwriter/mortgage originator to review
• Obtain copies of current policies for homeowner’s insurance and flood insurance (if applicable) and make sure that mortgage clause is in favor of the Credit Union or appropriate mortgage company
• Establish repayment and interest schedule based upon loan guidelines and rates
• Ensure each mortgage loan is processed accurately
• Prepare closing packages and coordinate closings with members, realtors and closing agents
• Coordinate delivery of loan packages to investors on secondary-market programs
• Maintain accurate records of insurance and taxes on all mortgage loans
• Cross-sell and refer other Credit Union services and products as members’ needs suggest
• Act as a liaison between loan officer and underwriter
• Responsible for servicing of all FICS loans and month end reporting of FICS loans
• Process turn down applications
• Perform other duties as requested by management

Requirements

Qualifications of Position:

• Bilingual
• High school diploma or equivalent required
• Two years of residential mortgage lending or mortgage processing experience preferred but not required
• Good organizational skills; multi-task oriented
• Excellent written and oral communication skills
• Personable; works well with others; and performs favorably under time constraints and demands