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SchoolsFirst Federal Credit Union · 1 month ago

Real Estate Loan Processor II

Tustin, CA

Full-time

Hybrid

Entry Level

$26.62/hr - $38.60/hr

1+ years exp

SchoolsFirst Federal Credit Union is dedicated to providing exceptional service and support to its members. The Real Estate Loan Processor II serves as the primary contact for members applying for real estate loans, ensuring compliance with regulations, and facilitating the loan process efficiently.

Finance

Comp. & Benefits

Responsibilities

Serves as primary contact and service experience agent for Members who have applied for a real estate loan and provides the timely status updates

Assists Members with understanding the processes, obtaining required documentation, and meeting underwriting requirements

Is responsible for re-working loan when appraised value comes in low and present any possible options to Member

Verifies that original regulatory and/or compliant loan disclosures have been sent to our Member within the required timelines

Understands and is able to explain the terms of all disclosures to Members

Applies team and department “Best Practices” as instructed by Management

Coordinates funding activities with closing area, settlement agent and Member

Ensures that all pre-document and loan conditions are satisfied prior to authorizing funding

May be responsible for ordering out on own files in the event that a file clerk is unavailable

Processes real estate loan applications in a manner that is compliant with internal Lending Policies, Standard Operating Procedures, including product matrices and Investor guidelines

Is accountable for reviewing internal policy documents and SOP’s on a frequent basis to ensure that skills and understanding are current

Is familiar with the AllReg’s system to review investor guidelines as needed

Ensures that processing system is kept current with status, conversations and mail received on a daily basis

Ensures that department turnaround times for period from receipt of completed loan application to credit approval then funding are met

Responsible for primary Member contact; which includes providing twice weekly status updates to Members in pipeline; reviewing loan stipulations and counter offers and updating escrow and real estate agents at least weekly

Reviews all incoming mail within 24-48 hours of receipt; including but not limited to Member documentation and stipulations, Appraisal, Preliminary Title Report, Homeowner Association documentation, Mortgage Insurance, if applicable and insurance certificates (hazard and flood)

Responsible for following up on third party services, within two business days of receipt of a completed loan application, including but not limited to Appraisal, Escrow, Title and mortgage insurance

Responsible for ensuring that updated loan disclosures are sent when re-disclosing is necessary; Ensure that new disclosures are sent within the required timeframe and in accordance with CFPB, TILA-RESPA integrated rule and MDIA

Performs other duties as assigned

Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties

Qualification

Real estate lendingConsumer lendingMortgage loan originationMember service experienceRegulatory compliance

Required

High School Diploma or GED required

1-3 years of previous related experience required

Experience in real estate lending, consumer lending, or front line Member service role required

Register with the Nationwide Mortgage Licensing System and Registry as a mortgage loan originator in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act (the 'SAFE Act') when applicable required

If not previously involved in real estate lending, must have completed relevant internal or external training courses pertaining to real estate lending

Company

SchoolsFirst Federal Credit Union

Glassdoor3.7

Since our founding in 1934, we have been singularly focused on one thing: providing world-class personal service and financial security to our Members.

Founded in 1934

Tustin, California, USA

1001-5000 employees