Mortgage Construction Processor

PSECUState College, PA

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Overview

Schedule

Full-time

Career level

Senior-level

Remote

Option for remote

Benefits

Career Development

Job Description

Members Achieve More isn't just a tagline for us, it's part of everything we do! We're looking for passionate individuals to join our team to help us maintain that focus every day. Want to work somewhere that's remained strong for 90 years, that encourages you to learn, grow, and pursue your dreams? If yes, then read on...

The Mortgage Construction Processor will work with Mortgage Originator and Underwriters and Processing and Closing Managers to ensure mortgage loans are processed and closed in accordance with secondary market guidelines and/or Board Policy. They serve as a point of contact for borrowers, realtors, settlement agents and other 3rd parties.

Schedule: Monday- Friday 9:00am- 5:00pm; Location: Remote, applicants must reside in PA to be considered for this role.

In this position, you will

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.

Qualifications:

High School (Required)

Any equivalent combination of experience and education. | RequiredMinimum 2 years of processing government-backed loans such as FHA, VA, and USDA, or Construction draw loans. | RequiredMinimum 2 years or longer of secondary market, first mortgage processing and/or closing. | Not Required

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FAQs About Mortgage Construction Processor Jobs at PSECU

What is the work location for this position at PSECU?

This job at PSECU is located in State College, PA, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at PSECU?

Employer has not shared pay details for this role.

What employment applies to this position at PSECU?

PSECU lists this role as a Full-time position.

What experience level is required for this role at PSECU?

PSECU is looking for a candidate with "Senior-level" experience level.

Does PSECU allow remote work for this role?

Yes, this position at PSECU supports remote work, giving candidates the flexibility to work outside the primary office location.

What benefits are offered by PSECU for this role?

PSECU offers Career Development for this position. Actual benefits may vary depending on the employer's policies and employment terms.

What is the process to apply for this position at PSECU?

You can apply for this role at PSECU either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.