Job Description

The REAL ESTATE OPERATIONS SPECIALIST is responsible for performing high volume, accurate and timely real estate lending functions, to include disclosure preparation, processing, closing document preparation, funding, and escrow closing for all program types offered, in alignment with STCU loan standards and procedures. This position would be responsible for knowing all functions of the Real Estate Operations team and providing strategic support where needed with direction from the Real Estate Operations Manager.

CORE JOB REQUIREMENTS/OUTCOMES

• Support the real estate processing team by obtaining information needed to approve and close mortgages within time frames needed/requested by members. 
• Support the closing documentation and funding processes by preparing closing documents according to STCU, investor, legal and regulatory compliance.
• Complete disclosure documentation by preparing initial and subsequent regulatory disclosures and ensure timely delivery in compliance with applicable regulations.
• Support the escrow closing functions by opening escrow orders, ordering payoffs, reviewing title reports to clear all liens & judgments, resolving title defects to satisfy any encumbrances against property or principals.

OTHER ESSENTIAL FUNCTIONS

• Provide operational support including assisting with daily problem solving and troubleshooting as needed in support of Real Estate and strategic goals of the department and organization.
• Prepare applications for underwriting and perform pre-underwriting review to determine if verified information supports a loan that meets STCU’s loan policies and secondary market guidelines.  Communicate pertinent information to underwriters
• Protect STCU’s interests by ensuring that all requirements set by the approving authority are met before funds are disbursed. Review, approve and insure sign-off of any outstanding underwriting conditions
• Maintain current knowledge and understanding of applicable industry regulations such as TRID, RESPA, HMDA, Reg B and Reg Z.
• Provide Notary support by reviewing and signing closing documentation with members, explaining provisions and procedures of real estate documentation when needed.
• Participate and/or consult on departmental or organizational projects that contribute to the evolvement of STCU’s culture and strategic vision and/or achievement of goals.

Qualifications

EDUCATION: High school diploma or equivalent required.  Some college preferred.

JOB EXPERIENCE: Minimum of three years mortgage lending experience required. Successful STCU experience may be considered in lieu of some mortgage lending experience.   

SOFTWARE SKILLS: Proficient knowledge of MS Office programs including Outlook, Word, Excel and Teams.  Previous experience with loan origination software is required. Knowledge of Encompass is preferred.

PHYSICAL DEMANDS: Must be able to regularly talk, hear and operate a computer, keyboard and mouse and occasionally lift, pull/push and carry up to 10 pounds with accommodations.

WORK CONDITIONS: Exposure to constant or intermittent sounds at a low or moderate level consistent with an office setting. Exposure to high-stress, fast-paced, deadline-oriented environment.

Additional Information

Please review our website for more information at WWW.STCU.ORG/CAREERS.