Senior Mortgage Loan Processor

Senior Mortgage Loan Processor

وظائف حاسب كميات Alexandria, EG, Egypt دوام كامل

شرح مهام الوظيفة

Senior Mortgage Loan Processor


PenFed is hiring a Senior Mortgage Loan Processor in Alexandria, VA. Provide Members applying for a refinance or a purchase mortgage loan with detailed guidance and advice on product and pricing while using a sales driven mindset. Ensures exceptional Member service by owning the loan process from application to close and providing on-going communication to Member and business partners. Responsible for collecting and processing all documents required for loan approval. Types of loans processed typically include conventional loans. Sr Processor; types of loans will additionally include VA, employee, 80/10/10, Super Jumbo, and escalated or complex loans.

Essential Functions

Review all loan (with Intent to Proceed) registrations for completeness and accuracy. Serve as both originator and processor on loans. Responsible for generating Account Condition Letter (ACL) per Regulation B requirements. Act as Members main point of contact throughout the entire mortgage process, ensuring excellent levels of member service by providing guidance/advice/counsel on process, product and pricing in a detailed and comprehensive manner. Determine initial potential for qualification by evaluating credit history, income levels and assets/liabilities; calculate debt- to-income and loan-to-value ratios. Restructure loan request and recommend for adverse action as needed. Responsible for reviewing and addressing items involving loan product, credit, occupancy and employment verifications and order pay off’s verbal verification of employment (VVOE) Request action from Disclosure Desk and other internal partners as required by valid change in circumstances. Collect, analyze and ingest document to clear ACL conditions. Update loan origination system with the information from collected documents and re-run Desktop Underwriter (DU) or Strata as appropriate. Maintain a working knowledge of both originating systems for home equity loans and lines of credit. Assemble and submit completed file to Underwriting (UW); clear manual conditions, cure title issues, resolve appraisal discrepancies with appraisal review group as needed. Clear any prior-to-fund conditions that arise after final UW approval before passing loan to Closing. Remain main point of contact with borrower through closing and funding and answer any questions that borrower may have (e.g. questions on the HUD). Manage and cure any QC loan issues that require borrower communication. As required, ensure proper re-disclosures are prepared and delivered to the member within regulatory guidelines based on identified change in circumstances Based on the business needs, may assist in other areas as requested (these duties may fall under the scope of other job functions within 1 st and 2 nd mortgages

Education And Experience

Equivalent combination of education and experience is considered.

Associate’s Degree in a related field preferred. Minimum of two(2) years’ of experience preferably in residential mortgage lending in 1 st Trust Mortgage or Home Equity processing/closing is required.

Supervisory Responsibility

This position will not supervise employees.

Licenses and Certifications

There are no additional certifications required.

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.


Ability to travel to various worksites and be on-call is required.

About Us

Founded in 1935, and still growing, we began as the War Department Federal Credit Union. Today, PenFed is one of the country’s strongest and most stable financial institutions with over 1.5 million members and over $21 billion in assets. We serve members in all 50 states and the District of Columbia, as well as on military bases in Guam, Puerto Rico and Okinawa.

Our mission isn’t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality.

We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.

PenFed is an Equal Opportunity Employer

PenFed will maintain and observe personnel policies which will prohibit discrimination or harassment against a person because of race, color, creed, age, sex, gender, religion, national origin, ancestry, genetic information, military or veteran status or obligation, the presence of a physical and/or mental disability and all other statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 703-838-1568

you can apply through this link :

Apply Link


ملخص الوظيفة

  • تاريخ النشر : منذ 3 سنوات
  • نوع الوظيفة : دوام كامل
  • المكان : Alexandria, EG, Egypt

عن الشركة