Looking for an experienced Real Estate Loan Processor. Processes loan documents on first and second trust deed loans with a high volume of home equity loans. Performs credit qualifications by utilizing secondary market standards and USC Credit Union’s policies and procedures. Analyzes the loan credit package. Ensures all pre-document and loan conditions are satisfied prior to funding.
Processes loan documents on first and second trust deed loans in accordance with internal loan policies and investor guidelines. Reviews document package for all compliance checks to meet all secondary market requirements and regulations as applicable to mortgage lending transaction. Reviews property appraisal report. Maintains a high degree of attention to detail.
Performs credit qualifications by utilizing secondary market standards and USC Credit Union’s policies and procedures. Ensures loan quality and regulatory requirements. Provides upfront credit approval.
Analyzes the loan credit package. Reviews credit, income statements and tax returns to determine usable income to support loan request. Makes recommendations for loan decision.
Ensures all pre-document and loan conditions are satisfied prior to funding. Reviews internal documents. Determines what documents may be used in lieu of underwriting requirements.
Verifies regulatory and/or compliant loan disclosures have been sent to borrowers within the required time frame. Explains disclosers to members.
Ensures processing system is current with status, conversation and mail received on a daily basis.
Ensures accuracy and timeliness of completed loan applications to credit approval and funding are met.
Responsibility for primary member contact including providing regular status updates to borrowers, real estate agents, loan officers and internal staff.
Reviews all incoming mail including, but not limited to, borrower documentation, appraisals, preliminary title reports, homeowner association documentation, mortgage insurance, if applicable, and insurance certificates.
Minimum Education: High school or equivalent Minimum Experience: 3 years