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State Employees Credit Union of New Mexico · 1 month ago

Real Estate Loan Processor/Closer I

Santa Fe, NM

Full-time

Onsite

New Grad, Entry Level

$16.58/hr - $20.72/hr

State Employees Credit Union of New Mexico is seeking a Real Estate Loan Processor/Closer I to assist members with real estate lending inquiries and support the mortgage process. The role involves managing loan applications, ensuring compliance, and coordinating with lending staff to facilitate smooth transactions.

Financial ServicesHealth Care

Responsibilities

Effectively prioritize tasks in order to handle multiple transactions concurrently

Compile, analyze, and maintain organized files and reports

Check mortgage loan applications for missing information and potential errors

Prepare and send loan application packets to members

Order and review appraisals, income verification, title commitments and other documents for missing information and potential errors

Request additional information for the underwriter and loan officer as needed

Monitor the underwriting process and providing updates to loan officers and members

Enter accurate information into the mortgage loan origination software (LOS)

Ensure all deadlines for submissions, underwriting decisions, and closing are met

Review pertinent financial and credit data used to structure a loan request that meets the member's needs

Prepare loan packages for review, including analysis of appraisal and title commitments

Process and prepare closing disclosures on all real estate loan applications

Gather and collect data necessary for loan documentation, approval, and closing

Respond to any borrower inquiry regarding the Closing Disclosure. A full understanding of this document and the figures noted for its completion is critical

Review closing documents to ensure they were executed correctly prior to funding

Input HMDA reporting information into the LOS system prior to funding

Fund mortgage loans by performing the applicable wire transfer transactions, general ledger deposits, and similar for all mortgage loans

Send mortgages to appropriate county for recording immediately after funding; work with title companies to ensure the mortgage is recorded in a timely manner

Maintain an exception list of lacking documentation, being sure to clear exceptions as soon as possible, and request assistance from the real estate loan officer as needed

Purge loan files by destroying out of date or unnecessary loan documents

Prepare release of mortgages as needed

Process and file all loan declines

Understand compliance issues & attends training as they relate to Real Estate Loan Processor, including but not limited to Bank Secrecy Act; Reg P; Patriot Act, CFPB Regulations and SAFE Act

Stay apprised and monitor trends and developments in the local real estate market, as well as the changing rules and regulations pertaining to the real estate market

Performs other duties as assigned

Qualification

Mortgage loan processingReal estate knowledgeMicrosoft OfficeCommunication skillsMath skillsPatienceTact

Required

Education or experience equivalent to a High School diploma or G.E.D certificate, in addition to some experience working in an office or administrative environment

Excellent verbal and written communication skills are necessary

Strong math skills such as addition, subtraction, multiplication, division and percentages

Knowledgeable of office machines, computers, and Microsoft Office suite

Demonstrate patience, tact, enthusiasm and positive attitude toward all members, peers and general public

Must be capable to execute all terms and conditions set forth in the Employee Handbook, including but not limited to: Works in a safety conscious manner which ensures that safe work practices are used in order not to pose a risk to self or others in the workplace

Adheres to policy on Drug Free Workplace

Complies with company policies and procedures and local, state and federal regulations

As a condition of employment, new hires must be fully vaccinated against COVID-19 on or before the first day of employment (subject to legally mandated exemptions)

Physical Demands - Requires sitting for long periods of time, some standing, walking, kneeling, stooping, bending, lifting, grasping and fine hand coordination. Visual and aural acuity required

Finger and hand dexterity required

Must be able to lift 15 pounds maximum, with occasional lifting and/or carrying of objects weighing up to 10 pounds

Requires ability to remain calm under stressful situations

Must be able to access and navigate each department at the organization's facilities