Residential Loan Processor
2 days ago
Hauppauge
Job Description JOB DESCRIPTION Residential Loan Processor SUMMARY: Responsible for processing First Mortgage loans in compliance with all Credit Union, investor (ex: Fannie Mae), and regulatory policies, procedures, and guidelines. ESSENTIAL DUTIES AND RESPONSIBILITIES: • Processing and document preparation of First Mortgages., • Efficiently utilize systems such as BytePro, FICS, Desktop Underwriter, and other relevant software to support servicing operations., • Collect, verify, and analyze required documentation such as income, assets, credit reports, title searches, appraisals and insurance., • Order and track third-party services (appraisals, title, flood certifications, verifications of employment/assets, etc.)., • Coordinate with Members, Team Members, and/or third parties, such as attorney’s and title companies, to ensure timely loan closings and accurate preparation of closing documents., • Ensure strict adherence to Credit Union, investor, and regulatory policies, procedures, and guidelines., • Monitor loan files and borrower information for inconsistencies or red flags, actively identifying, reporting, and mitigating potential fraud in accordance with regulatory and internal guidelines., • Monitor and meet all Departmental performance reporting and service goals., • Interact with all necessary third-party vendors, Members, and Team Members., • Provide data and reporting required to meet HMDA reporting requirements., • Propose Lending Policy and procedural changes to the Team Lead and Centralized Lending Manager as required to enhance operational efficiencies and productivity or to meet regulatory or compliance mandates., • Assist in resolving Member questions regarding the mortgage process in a clear, professional, and supportive manner., • Cross-sell credit union products and services, including deposit accounts and loan products, to meet Members’ financial needs and enhance their overall financial well-being., • Work at various branch locations as required., • Other duties as assigned. REQUIREMENTS: • Associate degree preferred or a combination of education and experience., • 3-5 years working in a financial institution, preferably in a Credit Union setting., • NMLS COMPENTENCIES: • Knowledge of consumer and real estate underwriting practices, • Knowledge of Island’s products and services, • Excellent written and oral communication skills, • Excellent organizational skills, • Ability to prioritize, pay close attention to detail, and coordinate various activities simultaneously., • Ability to communicate with co-workers, management, and business contacts in a courteous and professional manner.