Redwood Credit Union is looking for an TEMPORARY MORTGAGE LOAN PROCESSOR who will plan, prepare and organize real estate loan documentation to ensure accurate and expeditious loan closings while providing superior Member service.
THE JOB (THE BIG STUFF):
- Arrange for the opening of escrows through title companies; order and review preliminary title reports for accuracy and acceptability.
- Arrange for appraisal and all other third party documents, e.g., tax service, flood certification, and credit report, as applicable. Review all such documentation for accuracy and acceptability.
- Request, review and obtain proper documentation on all mortgage loans, and inform Loan Officer if follow-up is needed.
- Review mortgage applications to ensure accuracy, completeness and compliance with government, internal, and investor standards.
- Prepare and submit/resubmit a complete and accurate file to underwriting.
- Inform Loan Officers of underwriting conditions, and all other relevant information regarding the status of the file.
- Promptly identify issues raised in documents received, address any such issues and notify the Loan Officer accordingly.
- Ensure all required conditions have been cleared prior to disbursement of loan funds and resolve any issues with escrow.
- Ensure files are fully documented, accurate and complete prior to auditing function.
- Coordinate and communicate with Loan Officer to ensure Member expectations are understood and met.
- Send compliance documents (Loan Estimate, Closing Disclosure, Appraisals, etc.) to Members as assigned by Loan Officers.
- Identify expired counteroffers and send out Statement of Credit Denial and Adverse Action Letters as required.
- Accurately read and interpret underwriting/DU findings and Transmittal Summaries.
Required Skills
WHAT'S NEEDED IN THE ROLE:
- Knowledge of secondary market investor requirements, compliance requirements, selling procedures and guidelines.
- Knowledge of Federal and State laws, rules and regulations related to real estate lending and credit unions.
- Knowledge of processing real estate loan files to meet RCU and Fannie Mae standards.
- Skill in operation of a PC, Word, Excel, Loan Origination Systems (Mortgage Cadence, etc.), Symitar, Point and Desktop Underwriter.
- Skill in using an Internet-based origination system, information system for depositories, and an Internet-based document prep software.
- Ability to analyze situations and recommend solutions.
- Ability to communicate effectively both verbally and in writing.
- Ability to establish and maintain effective working relationships with a diverse group of people.
Required Experience
ADDITIONALLY, THE IDEAL CANDIDATE HAS:
A combination of education and experience equivalent to a high school diploma, plus four to seven years’ experience in residential mortgage loan processing.
TELL US WHY YOU THINK YOU COULD BE OUR TEMPORARY MORTGAGE LOAN PROCESSOR!
SERVICE ~ TRUST ~ PEOPLE ~ COOPERATION
We are an Equal Opportunity Employer