Note: The job is a remote job and is open to candidates in USA. PSECU is a credit union seeking a Mortgage Processor/Closer II to process and close mortgage loans in compliance with regulatory, policy, and secondary market requirements. The role coordinates with mortgage professionals and third parties, reviews complex loan documentation, maintains processing pipelines, supports staff training, and provides recommendations on loan approval or denial.
Responsibilities
• Processes and closes 1st mortgage loans, and other moderately complex and niche loan types
• Analyze and interpret federal and state regulations, credit union policy, and secondary market guidelines for all real estate loans- conforming and non-conforming
• Assists with training of staff. Supports the processing and closing units to ensure mortgage loans are processed in a timely and efficient manner
• Maintains mortgage pipelines and queues to ensure applications and assignments are being completed timely and accurately and informs supervisor of concerns
• Offers alternative and/or corrective options, when applicable, when loan documentation or terms of loan do not meet underwriting standards. Also, provides detailed comments/rationale on loans to the various mortgage committees when necessary to substantiate the request for approval or denial of a loan
• Performs in-depth review and analysis of appraisals, credit reports, title reports, insurance documentation, income documentation, tax return analysis, asset documentation, commitment letter conditions with little to no supervision
• Must comply with and meet all requirements regarding the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act, 12 CFR 365)
• Other duties as assigned
Skills
• High School (Required)
• Any equivalent combination of experience and education
• Minimum 2 years of processing government-backed loans such as FHA, VA, and USDA, or Construction draw loans
• Must comply with and meet all requirements regarding the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act, 12 CFR 365)
• Minimum 2 years or longer of secondary market, first mortgage processing and/or closing
Benefits
• Remote work arrangement for applicants residing in Pennsylvania
Company Overview
• PSECU is a not-for-profit credit union that provides personal and business loans. It was founded in 1934, and is headquartered in Harrisburg, Pennsylvania, USA, with a workforce of 501-1000 employees. Its website is http://psecu.com.