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First Entertainment Credit Union · 2 days ago

Mortgage Loan Operations Specialist (Funding & Processing)

Hollywood, CA

Full-time

Hybrid

Mid Level

$29.18/hr - $36.47/hr

3+ years exp

First Entertainment Credit Union is looking for a Mortgage Loan Operations Specialist (Funding & Processing) who will be responsible for First and Second lien loan processing from application through funding. The role requires exceptional attention to detail, organizational skills, and communication abilities to ensure all stakeholders are informed throughout the loan lifecycle.

BankingFinancial ServicesNon Profit

Responsibilities

Process first mortgage and equity loan applications, ensuring accuracy and regulatory compliance

Collect, review, and validate borrower documentation, including income, assets, purchase contracts, and escrow instructions

Order and analyze credit reports, appraisals, title reports, flood certifications, insurance documents, and compliance checks

Prepare and deliver initial disclosures and re-disclosures as required

Balance Closing Disclosure (CD) and HUD settlement statements, resolving discrepancies with escrow/title companies

Communicate proactively with Loan Officers and escrow officers regarding outstanding conditions, loan status, and scheduling of signing appointments

Coordinate closing and funding activities, including confirming wire instructions, initiating funding requests, and performing pre-funding audits to ensure all documentation and approvals are complete

Maintain accurate records and timely updates in loan processing systems through closing and funding

Complete additional tasks, such as ordering homeowner’s/flood insurance, payoff demand statements, tax service, and employment verifications as required

Perform other duties and tasks as required

Qualification

NMLS registrationReal estate regulationsLoan processing proceduresEncompass BankerComputer proficiencyOffice experienceEffective communication

Required

A high school diploma, vocational training, job-related course work or related work experience required

Active registration status (or registration within the first month of employment) with the Nationwide Mortgage Licensing System (NMLS) and Registry on an annual basis in addition to maintaining updates is required

Knowledge of laws and regulations regarding real estate and privacy, including TRID, Reg Z, Reg B, HMDA and RESPA

Knowledge of basic loan processing procedures and systems (Encompass Banker edition preferred)

3 to 5 years of prior experience of real estate loan processing is required

3 to 5 years previous work-related skill, knowledge, or experience in an office setting is required

Effective communication skills across all levels of audience

Computer proficiency in loan application systems, preferably ICE Mortgage, Opening Act (Meridian Link), MS Office Word, Excel and Outlook