Assistant Mortgage Specialist

Job Title: Assistant Mortgage Specialist

Department: Mortgage Department

Reports To: Director of Real Estate Lending

FLSA Status: Non-Exempt

Pay Grade: 600 ($19.80-26.71-33.64)

SUMMARY

Under the direction of the Mortgage Specialist(s) and the supervision of the Director of Real Estate Lending and in compliance with established policies and procedures performing a range of support and services with special dedication attributed to the mortgage lending functions by performing the following duties.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Assist Mortgage Specialists with the processing of secondary market mortgage loans in accordance with established policies and procedures with special consideration to CFPB/TRID/HMDA guidelines for real estate lending and reporting. Including; issuing initial disclosures either electronically or via mail within established regulatory timelines and obtaining necessary items to complete the files such as appraisals title searches flood certs insurance payoffs and VOEs.

2. Daily monitoring and review of any new real estate loan inquiries or requests received via branch online or other method of submission for accuracy and completeness within a timely fashion.

3. Monitoring current loan pipeline with focus on moving initial loans through the milestones needed to complete the request following up on deficient items needed to complete the request within a timely fashion and prepares files for final underwriting review.

4. Maintains communication with Mortgage Specialists and applicants during the loan process providing updates and acting as a liaison between the applicants and Mortgage Specialists

5. Provides quality member service throughout the loan process including follow up contact with applicants regarding any documents needed to finalize their request such as income assets insurance etc.

6. Handles scheduling for inside and outside appointments for Loan Originator(s)

7. Maintains current knowledge and compliance with secondary market and regulatory guidelines and requirements as well as all other bank policies procedures and regulations.

8. Keeps abreast of regulatory and competitive developments within the area of real estate lending.

9. Assist with other areas of the Mortgage Department as needed such as interviewing processing closing post-closing and servicing functions and any other duties within the department as needed

PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORK ENVIRONMENT The work environment characteristics described here are representative of those 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. While performing the duties of this job the noise level in the work environment is usually moderate.

Qualifications

• Bachelors degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.
• 2 years of mortgage loan origination or processing experience preferably within a bank or credit union environment.
• Experience with conventional FHA VA and USDA loan programs as well as local first-time homebuyer grants.
• Familiarity with credit union operations and member service philosophies is highly desirable.
• Deep understanding of compliance regulations including TRID RESPA TILA HMDA and Fair Lending laws.
• Strong ability to analyze complex financial data tax returns credit reports and debt-to-income (DTI) ratios.
• Hands-on experience with Loan Origination Systems (LOS) (e.g. Encompass MeridianLink).

Work Environment The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. While performing the duties of this job the employee is frequently exposed to outside weather conditions. The noise level in the work environment is usually moderate.

Waypoint Credit Union offers a competitive benefits package including:

• Medical Prescription and Dental Insurance up to 80% Employer Paid
• Vacation Sick Time Personal and Holidays Credit Union Paid
• 401K Retirement Plan with matching up to 6.00%
• Employee Assistance Program Credit Union Paid
• Life Insurance 2 x salary Credit Unit Paid
• Short-term / Long-term Disability and AD&D Insurance Credit Union Paid
• Bonus Program
• Educational Tuition Assistance
• Credit Union Service Benefits