Processor II

About MCU

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

Our Mission:

To help hard-working New Yorkers build better tomorrows

Our Vision:

Be New York's most loved financial institution by helping our members build their best financial futures

Overview:  The Processor II, under general supervision, but in accordance with established policies and procedures, is responsible for processing real estate lending applications.   Establishes loan files and orders documentation required to process loans. Is accountable for the accuracy and completeness of all loan documentation.

Responsibilities:

Specific duties include, but are not limited to, the following:

• Processes real estate lending applications in accordance with secondary market/Credit Union guidelines and ensures loan documentation complies with Federal, State, and local rules and regulations.  Places welcome call and issue Welcome letter/email with disclosures to the borrower informing them of required documentation needed and perform a thorough review of the loan scenario in its entirety, including any closing costs. 
• Orders a credit report for the borrower(s), requesting a property appraisal, flood certification, title insurance when applicable, etc.
• Review Business/Personal Tax Returns for income used in qualification; Complete Income Calculation Sheet for all Mortgage  loans
• Ensures timely generation of all required documentation and processing disclosures. 
• Submits real estate loans through Desktop Underwriter and reviews the automated underwriting conditions to ensure loan still meets original approval eligibility. 
• Works with assigned Mortgage Loan Officer, Underwriter and/or Closer to resolve any file discrepancies in order to ensure timeliness of rate locks, compliance, and loan delivery.
• Reviews entire file for accuracy and compliance and submits to Underwriter.
• Manage an assigned pipeline of loans and ensure contingency and closing dates are met.
• Reviews documents to assure complete, accurate information and update information on LOS.  
• Scan and upload documents into the LOS and to image flow/LPQ
• Assembles and analyzes borrower data and computes ratios for submission to loan underwriters.
• Re-discloses loans as needed for changes of circumstances: such as, but not limited to change in loan amount, additions of borrowers, etc.
• Update general comments in loan notes with all activity on the loan.
• Track outstanding documents and follow up with member, MLO, attorney and third party vendor(s).  
• Maintains a high level of member service by being proactive in communication with members, vendors, attorneys, relocation agents, title company representatives and staff members in order to ensure proficient processing of all loans and a positive experience.
• Review Commitment Letter for accuracy once file is assigned and send Commitment Package to Member and go over conditions listed
• Orders any additional documentation on loans approved by the underwriter.  
• Completes preliminary review of Title report, and submits to underwriter for approval.  
• Complete Verbal Verification of Employment
• Performs other duties as assigned within mortgage and home equity.
• Perform other related duties as requested and special projects as assigned.

Requirements:

• Bachelor’s degree or equivalent work experience.
• Minimum three to four years of real estate lending processing experience.
• Thorough knowledge of Fannie Mae, FHA, and all other secondary market guidelines.   
• Extensive knowledge in the areas of TRID, Appendix Q, RESPA, MDIA, HMDA, TILA, ECOA, FCRA, Fair Lending
• Excellent problem solving skills.  
• Strong written and verbal communication skills.
• Ability to effectively prioritize tasks and meet deadlines;
• Must be flexible and adaptable in a changing environment;
• Ability to work overtime when required.
• Proficiency in Microsoft Office Suite.
• Strong PC skills,
• Familiar with Doc Magic a plus
• Self-motivated, ability to communicate within a team to solve issues and drive results, positive attitude.
• Requires attention to detail and organizational skills.
• Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
• Technologically proficient. 

Why you'll be a good fit:

Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following

Results - We are passionate about winning.

Agility - We proactively anticipate, respond and pivot to ensure MCU wins.

Integrity - We operate with the highest ethical standards and highest degree of honesty.

Belonging - We cultivate a culture of inclusion and teamwork.

Ownership - We take personal responsibility and hold ourselves accountable for the results.

What we can offer you:

• Competitive compensation, medical and dental benefits.
• 401K with employer contribution
• Flexible paid time off

We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization. 

Municipal Credit Union (MCU) is an Equal Opportunity Employer. 

Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.