Alliant Credit Union

Alliant is unlike any other financial institution — a digital credit union that wows our members. We’re boldly disrupting banking norms to do good for our members, employees and communities. With 90 years of history and more than $19 billion in assets, Alliant Credit Union is the largest credit union in Illinois and one of the largest in the U.S. Our industry-leading financial products, seamless digital experiences and exceptional customer service make banking simpler for our 900,000+ members. Fully digital, fully human and full of possibility, we work to provide our members with experiences that redefine the financial industry, challenge the status quo and unleash brilliance.

Associate Mortgage Processor

Location

Illinois

Posted

46 days ago

Salary

$46.1K - $65.3K / year

Seniority

Mid Level

Job Description

Associate Mortgage Processor

Alliant Credit Union

Manages loan pipeline by preparing loan applications for submission to underwriting to obtain a clear to close with the specified dates of the loan application and applicable sales contract. Reviews mortgage applications and supporting loan documents to ensure they meet the set credit conditions. Verifies the accuracy and completeness of each document and provides support to team members and other lines of business staff while maintaining a close partnership with their assigned team. Essential Responsibilities - Ensure accuracy of the loan application data for loans by clearing inconsistencies prior to and post submission to underwriting - Collect required documentation from borrowers and other third parties. - Request valuation reports, title reports, fraud reports, insurance and other necessary documentation as requested through the application process with appropriate 3rd party vendors. - Analyze credit, income and collateral documentation submitted for completeness and accuracy to ensure loan eligibility. - Resolve system generated identity check alerts by gathering and validating relevant supporting documentation. - Resolve routine title issues including vesting issues and various liens by working with the member, loan originator and title company. - Validate and calculate income for non-self-employed borrowers. - Ensure the loan process is meeting the deadlines of the purchase agreement as well as keeps track of your mortgage rate lock expiration date in order to avoid lock extension including extension fees. - Provide set service standards for each loan application, borrower and originating team member from time of receipt to final submission to closing by coordinating activities amongst other team members such as underwriter, loan officer, borrower and third parties involved in the application. - Provide the loan officers with timely updates while participating in weekly status meetings with respective sales and operations team members as well as communicate with loan officers, members, title companies, realtors, builders and all other internal / external partners - Establish, maintain, and update files, databases, records, and/or other documents for recurring internal reports. Education & Years of Experience - Minimum - High School or Equivalent - Minimum - 3 Years Lending, First Mortgage Lending Operations, Real Estate Contracts or Related Compensation & Benefits: Typical hiring range:‏‏‎ ‎ $46,100.00 to $65,300.00‎ Annually. Actual compensation will be determined using factors such as experience, skills & knowledge. ‎Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including: - Annual performance bonus - Work from home up to 3 days a week - Paid parental leave - Employee discount programs - Time off including paid personal and sick days - 11 paid holidays - Education reimbursement *Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment. Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives. The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Benefits

  • 401(K), 401(K) matching, Commuter benefits, Company-sponsored outings, Continuing education stipend, Dedicated diversity and inclusion staff, Dental insurance, Disability insurance, Documented equal pay policy, Volunteer in local community, Family medical leave, Fitness stipend, Flexible Spending Account (FSA), Flexible work schedule, Free daily meals, Generous parental leave, Generous PTO, Company-sponsored happy hours, Health insurance, Highly diverse management team, Job training & conferences, Open door policy, Life insurance, Charitable contribution matching, Paid volunteer time, Online course subscriptions available, Open office floor plan, Paid holidays, Paid industry certifications, Paid sick days, Onsite office parking, Partners with nonprofits, Performance bonus, Pet insurance, Promote from within, Lunch and learns, Remote work program, Free snacks and drinks, Team based strategic planning, OKR operational model, Continuing education available during work hours, Tuition reimbursement, Unlimited vacation policy, Vision insurance, Wellness programs, Some meals provided, Mental health benefits, Diversity employee resource groups, Fertility benefits, Employee resource groups, Hybrid work model, In-person all-hands meetings, Summer hours, Employee awards, Transgender health care benefits, Mother's room, Personal development training, Flexible time off, Bereavement leave benefits

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