REV Federal Credit Union
Mortgage Processor II
REV Federal Credit Union, Summerville, South Carolina, United States, 29485
Position Purpose
The Mortgage Processor II is responsible for processing long‑term mortgage loans as well as lot, 2nd mortgages and HELOC loans. The role conveys policies for extension of credit in accordance with Credit Union and secondary investor guidelines. The processor serves members, prospective members, developers, and realtors promptly and professionally, provides general Credit Union information, cross‑sells services, and assists Real Estate Lending personnel as needed.
Duties & Responsibilities
Provides members and Real Estate Lending personnel with quality mortgage loan processing according to the credit union's policies, practices, and procedures. Keeps abreast of all Fannie Mae underwriting guidelines as required.
Prepares loan underwriting package for submission to the underwriter.
Obtains all needed deposit, income & employment verifications for loan packages.
Orders appraisals, flood determinations, and private mortgage insurance as applicable.
Coordinates communications between members, realtor, attorney, seller, and appraisal management firm.
Requests payoffs and updated insurance declaration pages showing the desired mortgagee clause.
Complies with Credit Union policies and procedures, as well as regulatory compliance.
Provides back‑up to other Real Estate Lending staff as needed.
Education/Certification & Experience
High school diploma or equivalent
Knowledge of real estate lending criteria, compliance, and federal/state regulations
Experience with Calyx Point, Meridian Link/Loans PQ, or Encompass Software
Skills/Abilities
Excellent organizational, oral, and written communication skills
Ability to perform in a fast‑paced environment typical of Mortgage Banking
Experience with Microsoft Word & Excel
Equal Opportunity Employer / Protected Veterans / Individuals With Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60‑1.35(c)
Seniority level: Entry level. Employment type: Full‑time. Job function: Finance and Sales.
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Duties & Responsibilities
Provides members and Real Estate Lending personnel with quality mortgage loan processing according to the credit union's policies, practices, and procedures. Keeps abreast of all Fannie Mae underwriting guidelines as required.
Prepares loan underwriting package for submission to the underwriter.
Obtains all needed deposit, income & employment verifications for loan packages.
Orders appraisals, flood determinations, and private mortgage insurance as applicable.
Coordinates communications between members, realtor, attorney, seller, and appraisal management firm.
Requests payoffs and updated insurance declaration pages showing the desired mortgagee clause.
Complies with Credit Union policies and procedures, as well as regulatory compliance.
Provides back‑up to other Real Estate Lending staff as needed.
Education/Certification & Experience
High school diploma or equivalent
Knowledge of real estate lending criteria, compliance, and federal/state regulations
Experience with Calyx Point, Meridian Link/Loans PQ, or Encompass Software
Skills/Abilities
Excellent organizational, oral, and written communication skills
Ability to perform in a fast‑paced environment typical of Mortgage Banking
Experience with Microsoft Word & Excel
Equal Opportunity Employer / Protected Veterans / Individuals With Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60‑1.35(c)
Seniority level: Entry level. Employment type: Full‑time. Job function: Finance and Sales.
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