Job DetailsLevel: ExperiencedJob Location: BROOMFIELD, CO 80021Position Type: Full TimeEducation Level: High SchoolSalary Range: $22.89 - $28.61 HourlyJob Shift: DayWe recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box. When you join the Meritrust team, your benefits will include: Comprehensive medical insurance plan Dental and vision insurance Generous paid-time-off 12 paid holidays Annual bonus (discretionary bonus based on achievement of organizational scorecard results) 401(k) plan Wellness program Tuition assistance Employee loan discount Employee Assistance Program (EAP) Life and disability coverage What sets working for Meritrust apart? Career development and pathing opportunities to move into leadership roles or other lines of business within MCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more. Supportive and engaging work environment. A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first. A work environment that encourages personal as much as professional growth, teamwork to make the dream work, and treating everyone equally. Studies have shown that individuals from marginalized and or historically underrepresented groups may be less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job. We would encourage you to apply for a job at Meritrust Credit Union, even if you don’t meet every one of our qualifications listed. This is a full-time position working 40 hours a week, Monday-Friday 8:00am - 5:00pm. Position Summary The Mortgage Loan Processor is responsible for managing and processing mortgage loan applications from initial submission through final approval. This role involves verifying application information, coordinating with various stakeholders, and ensuring compliance with regulatory requirements. The Mortgage Loan Processor plays a vital role in facilitating a smooth and efficient mortgage process for members. Key Responsibilities Application Review: Assists in Set up of loans Verify vendor orders are complete and invoices received, and all are in the applicant’s file, Communicate and order 3rd party documentation such as title, flood, tax transcripts, appraisals, payoff information, insurance, condominium, and HOA docs, etc Performs a thorough review and analysis of borrower’s credit and employment history. Ensure application has two (2) years verified employment that matches supporting documentation, income, and assets, and address large deposits before submitting the file to underwriting, Address any potential issues that may arise in underwriting. Review disclosures for completeness and accuracy. Documentation Management: Collect and organize all necessary documentation from borrowers, such as tax returns, pay stubs, and bank statements. Ensure all required documents are properly recorded and stored. Communication: Maintain effective communication with borrowers, loan officers, underwriters, and other relevant parties throughout the loan process. Provide updates to borrowers on the status of their applications and address any questions or concerns. Schedule closings with Members, title and closing department Compliance: Ensure all loan processing activities comply with federal, state, and local regulations, as well as credit union policies. Review loans for compliance within RESPA, TRID, HMDA, Reg. B, etc. (all mortgage related regulations). Prepare proper disclosures as required by regulations, Stay informed about changes in mortgage regulations and update procedures accordingly. Coordination: Coordinate with underwriters to facilitate the timely review and approval of loan applications. Schedule and manage appraisals, inspections, and other necessary steps in the loan process. Problem Resolution: Identify and resolve any issues or discrepancies that arise during the loan processing. Work collaboratively with internal and external parties to address and rectify problems promptly. QualificationsRequired Education High School Diploma or equivalent. Required Knowledge Comprehensive understanding of mortgage loan processing and regulations. Knowledge of federal, state, and local mortgage regulations. Familiarity with loan documentation and procedures. Experience Required Minimum of 2-3 years of experience in mortgage loan processing or a related field. Proven track record of successfully processing mortgage loans. Experience in coordinating with borrowers, loan officers, and underwriters. Required Hard/Technical Skills Proficiency in mortgage loan origination systems and processing software. Strong analytical and problem-solving skills. Excellent attention to detail and organizational skills. Ability to manage multiple tasks and meet deadlines. Effective communication and interpersonal skills. WORKING CONDITIONS Standard office conditions Low to moderate noise Limited lifting up to 15 lbs. This description has been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate. In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodation will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization. The Credit Union believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors. Final Compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity. We anticipate this position to close within 30 days of posting. Please submit your application at your earliest convenience to be considered. You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Meritrust Credit Union, we encourage you to apply! Thank you for your interest in Meritrust Credit Union.

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