Mortgage Loan Processor
On-siteNashua, New Hampshire, United States
Job Summary
Mortgage Loan Processor at BCCU responsible for processing residential first and second mortgage loan applications from submission through closing, reviewing documentation for completeness and compliance with investor/regulatory guidelines, calculating DTI/LTV, ordering and reviewing credit reports, appraisals, verifications, and title work, preparing loan files for underwriting with recommendations, communicating underwriting decisions and loan status updates, coordinating closings and delivering Closing Disclosures in line with TRID/CFPB regulations, scheduling closings, ensuring timely funding and servicing, maintaining records in loan origination and servicing systems, completing HMDA reporting, and cross-training with mortgage operations staff to support daily workflows while delivering exceptional member service.
Required Qualifications
- High school diploma required; additional post-secondary education preferred.
- 1-2 years of mortgage loan processing experience.
- Experience processing Conventional, FHA, VA, USDA, and other residential mortgage products.
- Working knowledge of FNMA, FHLMC, FHA, and investor underwriting guidelines.
- Regulation Z (Truth in Lending)
- ECOA / Regulation B
- TRID requirements
- Strong analytical skills with the ability to calculate income, DTI, LTV, and payment ratios.
- Proficiency with mortgage loan origination software and Microsoft Office (Word, Excel, Windows).
- Excellent organizational, communication, and customer service skills.
- Ability to prioritize multiple files while maintaining accuracy and meeting deadlines.
- Self-motivated with the ability to work independently and collaboratively.
- What Makes You Successful
- Has exceptional attention to detail.
- Enjoys solving problems and working through complex loan scenarios.
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