Municipal Credit Union · 1 day ago
Real Estate Loan Opener
Cortlandt Street, New York, NY, US
Full-time
Hybrid
New Grad, Entry Level
$17.80/hr - $28.52/hrMunicipal Credit Union is a financial institution dedicated to providing affordable financial products and services to its members. The Loan Opener is responsible for reviewing loan applications, ensuring documentation is complete, and preparing mortgage loans for processing while adhering to TRID regulations.
BankingFinanceFinancial Services
Responsibilities
Review residential mortgage loan applications and documents within the loan origination system, including but not limited to an executed loan application, credit report, tax returns, income statements, fully executed purchase contract (as applicable), mortgage statement (as applicable), complete income calculator, etc
Inputs and updates data into loan origination systems and assures adequate file integrity
Orders all third-party reports: Flood, USPS to verify the property address and all fraud reports
Prepares the Loan Estimate by obtaining the recording fee, transfer taxes, mansion tax if applicable and any other fees that will need to be disclosed to the borrower
Reviews the entire file for accuracy and compliance in LOS and assigns loan to Processor
Assigns loan to MCU bank attorney in round robin scheme
Generates and/or ensures timely generation of all required documentation
Works with assigned Mortgage Loan Officer and loan processor, to resolve any file discrepancies in order to ensure timeliness of rate locks, compliance, and loan delivery
Manage an assigned pipeline of loans
Update general comments in loan notes with all activity on the loan
Maintains a high level of member service by being proactive in communication with members, attorneys, title company representatives and staff members
Interacts with outside vendors and service providers to facilitate the loan process
Perform other related duties as requested and special projects as assigned
Qualification
Required
Bachelor's degree or equivalent work experience
Knowledge of Fannie Mae, FHA, and all other secondary market guidelines
Knowledge in the areas of TRID, Appendix Q, RESPA, MDIA, HMDA, TILA, ECOA, FCRA, Fair Lending
Excellent problem solving skills
Strong written and verbal communication skills
Ability to effectively prioritize tasks and meet deadlines
Must be flexible and adaptable in a changing environment
Ability to work overtime when required
Proficiency in Microsoft Office Suite
Strong PC skills
Self-motivated, ability to communicate within a team to solve issues and drive results, positive attitude
Requires attention to detail and organizational skills
Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail
Technologically proficient
Must know all TRID guidelines and regulations
Preferred
Familiar with MortgageBot and DocMagic, a plus but not required
Benefits
Competitive compensation, medical and dental benefits.
401K with employer contribution
Flexible paid time off
Company
Municipal Credit Union
Municipal Credit Union has been serving the financial needs of our members since 1916.
Founded in 1916
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Kyle Markland
Chief Executive Officer
Frank Madeira
Chief Financial Officer
Recent News
2025-05-16
Digital Trends
2025-03-29
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