The incumbent reviews all information supplied on residential mortgage loan applications with members. Submits the loan through the Desktop Underwriter system and satisfies conditions required by the automated loan origination system. Calculates debt-to-income and loan-to-value ratios. Assembles a completely documented file for submission to underwriting within established timeframes.

Essential Duties

• Initiates and maintains contact with members throughout the processing period, assisting them with any questions and notifying them of any additional information required.
• Submits loans through desktop underwriting and orders and follows up on any outside services such as credit reports, title, appraisals.
• Satisfies desktop underwriting conditions and ensures documentation meets secondary market requirements.
• Monitors loans in process to determine any deviation from standard processing time and to take appropriate actions including notifying the manager for alternatives to ensure members receive timely service.
• Establishes accurate closing date and monitors promised closing dates to meet dates established. Meets standards for closing percentages of loans processed.
• Enters required information from all incoming mail and documents into the fields in the origination system and files documentation in the member's file. Tracks development of information to ensure compliance with underwriting guidelines for the specific mortgage loan program.
• Performs final reviews of the completed application packages and prepares the file for approval, specifying any applicable conditions to the approval.
• Reviews the commitment and any additional required disclosures.
• Notifies the member of the underwriting decision.
• Prepares, if applicable, the "Decline Letter" and ensures accurate disclosure of the reason(s) for the adverse action at whatever time during the processing period it is determined that applicants do not qualify.
• Maintains the necessary records in the appropriate system to ensure that PFCU is in compliance with HMDA reporting requirements.
• Serves as support to PFCU operations employees in answering inquiries and providing information on mortgage loan programs.
• Maintains a working knowledge of all mortgage products available through competitive organizations to accurately respond to member questions.

Great Benefits Available!

• Medical
• Dental
• Vision
• 401k (with company match)
• Tuituion Reimbursement
• Company Paid Disability Plan
• Generaous Leave Program

Requires an Associates degree or combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions. Three years work experience required, preferably with one year related work experience in residential mortgage lending or 1st Trust Mortgage or Home Equity processing/closing.