Senior Mortgage Loan Processor

Senior Mortgage Loan Processor

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement available to all full and part time employees. Part time positions start at a minimum of 30 hours per week. We encourage you to become a part of VyStar Credit Union's family of employees.

The Senior Mortgage Loan Processor ensures members receive quality mortgage loan service according to VyStar mortgage practices, procedures, and policies. Must stay abreast of conventional and equity mortgage guidelines. Responsible for assisting the member through the mortgage process keeping them informed and moving toward a final loan disposition. Working with loan sales and underwriting as necessary and obtains information needed for underwriting to make a final loan decision. The Senior Mortgage Loan Processor works with the loan closer to ensure the member has a smooth closing experience. The incumbent reports directly to the Mortgage Loan Processing Supervisor and indirectly to the Mortgage Loan Processing Manager.

Essential Responsibilities

• Pipeline Management : Maintain an active mortgage loan pipeline as assigned. Handle various loan types (equity, second, refinance, purchase, VA, FHA, construction, reno to perm).
• Member Communication : Keep members informed throughout the process.
• Approval Conditions : Clear approval conditions as determined by the underwriter.
• Documentation : Prepare and maintain electronic notes on file activity and member contact.
• Credit Application Review : Assess credit worthiness in compliance with policies and guidelines.
• Verification : Obtain and review documentation for income, employment, and assets.
• Ordering Reports : Order and review necessary reports such as credit reports, appraisals, DRIVE report, Fanni Mae Desktop Underwriter, Freddie Mac Loan Product Advisor, title, Flood Certification, and insurance.
• Insurance Information : Ensure all pertinent insurance information is documented.
• Underwriting Preparation : Prepare and submit files for final underwriting decisions.
• Loan Cancellations : Manage tasks related to member-initiated cancellations and underwriter declinations.
• Closing Coordination : Work with loan closers to ensure smooth closing experiences.
• Compliance : Ensure compliance with state and federal regulations.
• Goal Alignment : Understand and work towards department and Credit Union goals.
• Adherence to Values : Consistently follow VyStar's core values and Code of Ethics.
• Process Improvement : Recommend improvements for service and efficiency to management.
• Productivity : Maintain high volume productivity.
• Service Level Agreements : Maintain service level agreements as published by Fulfillment management with member communication, file submission, and timing gates.
• Training and Meetings : Develop training for Loan Processors and hold weekly team meetings.
• Subject Matter Expert : Assist with troubleshooting and escalations.
• System Testing : Engage in system testing and modifications.
• Procedure Review : Review annual procedures for accuracy.
• Team Liaison : Act as Team Liaison in the supervisor's absence.
• Mentorship : Mentor mortgage loan processors.
• Technical Resource : Provide technical information and guidance to Mortgage Loan Processors.
• Consistently adheres to VyStar core values and Code of Ethics and acts in accordance with those values.
• Perform additional duties and responsibilities as assigned.
• All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage and report risks within their domain of work. To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safeguarding our operations while ensuring compliance with regulatory mandates. The Risk team serves as the second line of defense by providing risk oversight and credible challenge whereas the Audit team serves as the third line of defense by providing risk assurance.

VyStar Excellence Behaviors

Job Qualifications

Education

Certification

Experience

Knowledge, Skills, & Abilities

Disclaimers and Work Environment

Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management.

The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

As required or requested, may exert up to 20 pounds of force occasionally and / or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.

VyStar Credit Union is not seeking outside assistance or accepting unsolicited resumes from staffing agencies or search firms for employment or contractor opportunities. Any resumes submitted by an outside vendor to any employee at VyStar via e-mail, internet, or directly to hiring managers without a valid written search agreement with the Talent Acquisition / HR department will be deemed the sole property of VyStar Credit Union.

No placement fee will be paid if a candidate is hired as a result of the referral, or through other means.

Thank you for your inquiry regarding our current job opening. Your resume will be carefully reviewed against the position requirements. Should your experience and skills match, you will be contacted by one of our Human Resources department staff members.

Thank you again for your interest in this position!