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SAFE FEDERAL CREDIT UNION · 1 day ago

Mortgage Loan Specialist

Sumter, South Carolina, United States

Full-time

Onsite

Entry Level

2+ years exp

SAFE FEDERAL CREDIT UNION is seeking a Mortgage Loan Specialist to perform quality assurance reviews and ensure compliance with mortgage loan processes and documents. The role involves examining residential loan documentation, maintaining tax and insurance records, and assisting with day-to-day operations of the Mortgage Department.

FinanceFinancial ServicesNon Profit

Growth Opportunities

Responsibilities

Identify and resolve issues/errors in pre-funding and/or post-closing stage of loan file review, and take corrective action to bring loans in compliance with CFPB regulatory requirements

Examining loan files for accuracy, completeness, and compliance with policies, internal requirements, investor and regulatory requirements

Review and re-verify as needed income, tax returns, consumer credit reports, debt to income ratio, asset statements, loan-to-value ratio, employment, etc

Evaluate loans with declined credit applications for accuracy based upon established risk parameters to ensure conformance with HMDA, regulatory requirements and product guidelines

Analyzes escrow sufficiency to make sure escrowed funds are sufficient to make required payments

Monitor hazard insurance for consistent and uninterrupted insurance coverage, including forced place insurance when required

Ensures timely bill procurement and payments of real estate taxes

Provides in person or by telephone, information concerning the mortgage loan process and procedures

Posts to and balances real estate related general ledger

Organizes pending files

Prepares various pre-formatted reports

Organizes and standardizes all the completed mortgage loan files

Posts payments and disbursements from escrow funds as required

Follows-up on post loan closing documentation

Follows-up on new mortgage set-up, pay-offs, and insurance

Assists in preparation of loan-closing reports/papers for the attorney

Maintains application and approval records to comply with the 'Home Mortgage Disclosure Act' for the credit union

Assists Processors in reviewing real estate loan applications; i.e., ordering appraisals, credit reports, wood infestation reports, and income, employment and deposit verifications

Conducts interviews with loan applicants to assist the Loan Processors as volume warrants

Other duties as assigned

Qualification

Mortgage loan complianceQuality assurance reviewsEscrow managementReal estate lendingCustomer serviceTeam collaborationAttention to detailAdaptability

Required

High school diploma; and at least two years related experience and/or training in real estate lending; or equivalent combination of education and experience in a related field

Outgoing, enthusiastic, conscientious, group oriented, open to change and able to perform each essential duty satisfactorily

Compliance with specific procedures that must be followed to comply with Privacy Act, Office of Foreign Assets Control (OFAC), and Bank Secrecy/Patriot Act