Investing in a career at Kinecta Federal Credit Union simply makes good sense. Kinecta is one of the largest credit unions based in California and growing! We currently have an exciting opportunity for an outgoing, ambitious, and innovative individual that thrives on helping people in a team environment.
Kinecta Federal Credit Union is currently looking for a LOAN PROCESSOR (MORTGAGE). The Loan Processor is responsible for the following;
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Follows loan processing methods established for adherence to the Credit Union’s policies, procedures and documentation requirements.
- Reviews and comprehends, Loan Policy & Procedure Manual, in addition to Compliance requirements/deadlines.
- Acts as liaison with members, real estate agents/brokers, builders/developers, title companies, loan counselor/underwriters and co-workers to facilitate a prompt, efficient closing of each loan.
- Reviews Credit Reports, Preliminary Title Reports, Appraisals and Escrow Instructions for accuracy upon receipt.
- Collects and verifies all required verifications to complete loan file, such as Employment and/or Assets
- Reviews documentation to see if it corresponds correctly with loan applicant’s requirements, clears conditions within Authority parameters and/or prior to submitting for underwriting review
- Verifies and consistently updates information on Loan Origination System to ensure accuracy and completeness.
- Updates Desktop Underwriting within approval authority and reviews against previous findings
- Manages individual pipeline to ensure SLAs are adhered to
- Meets regulatory documentation and timing requirements
Required Skills
MINIMUM QUALIFICATIONS
KNOWLEDGE, SKILLS AND ABILITIES:
- KNOWLEDGE OF FNMA AND FHLMC UNDERWRITING and secondary marketing guidelines
- Knowledge of Regulatory Compliance guidelines
- General knowledge of loan processing and closing guidelines
- Knowledge of Kinecta’s internal policies and programs
- Proficient in Microsoft Windows, Word, and Excel
- Strong verbal and written communication skills
Required Experience
EDUCATION, TRAINING AND EXPERIENCE:
Potential candidates for this position must meet the following requirements:
- High School graduation or equivalent
- 2 – 3 related years of experience