Description
M-F 9:00-5:00
This is a Temporary Position
Duration: 6 months or upon completion of project
Primary Objectives:
- Reviews conventional and second mortgage loan files for completeness and updates loan origination system to reflect accurate data.
- Orders necessary reports and ensures that all services have been ordered properly and all required documentation has been collected per TCU guidelines and the Automated Underwriting System (AUS) findings.
- Determines if loan files meet the minimum requirements to be assigned to processing status and review files for adherence to TCU and Secondary Market underwriting criteria.
- Trains on, and processes, less complicated loan files; assists the more senior processors with file and documentation review on more complicated files.
- Prepares loan files for closing by verifying data integrity and ensure required reports are fulfilled with proper documentation.
- Manages a pipeline of loans.
Supervisory Relationships:
- Reports directly to the Supervisor, Loan Processing
- This position has no supervisory responsibilities.
Principal Responsibilities:
- Uploads and files documents to the VLF Folder. Prescreens and/or processes loan files to be compliant with appropriate TCU policy, procedures and product guidelines, and Automated Underwriting System (AUS) requirements. Reviews file documentation for completeness, accuracy and consistency.
- Orders and follows up for receipt of services. Reviews reports for accuracy. Uses research skills for performing searches, i.e. verification of employment. Identifies, communicates and resolves potential problems in a proactive manner.
- Prepares loan files for closing documents and verifies the integrity of the data in the system. Orders, reviews, and ensures proper documentation and reports are satisfied prior to closing.
- Maintains current working knowledge of TCU products/services, policies and procedures, and real estate lending regulations through internal communications, training and attendance at meetings, seminars and workshops.
- Maintains compliance with all Real Estate Department standards for member service, follow-up, position requirements and workflow standards.
Not all functions/tasks are listed above; however those listed are considered essential.
Qualifications:
- High school diploma or equivalent. AA degree in Business or related field preferred.
- Minimum 2 years of experience in an administrative assistant or similar environment, loan processing or junior underwriting experience in a mortgage banking environment is preferred; or minimum 2 years’ experience as a TCU Financial Services/Member Service Representative, with experience entering data in the loan origination system.
Skills & Abilities:
- Strong verbal and written communication skills.
- PC skills to include word processing, spreadsheets and Outlook.
- Scanning, copying and emailing capability.
- Detail oriented with strong time management and professional interpersonal skills.
- Ability to calculate rates and ratios.
- Ability to complete assigned tasks within strict timeframes, self-direct, use independent judgment, and multi-task with proficiency.
Understands the requirements of the Bank Secrecy Act and ensures compliance through monitoring and reporting of member activity as appropriate.
This position is not identified as a Mortgage Loan Originator (MLO) under the terms of the SAFE Act. Pursuant to the SAFE Act requirements, position incumbents:
- Are not authorized to accept or process a residential mortgage loan application, or offer or negotiate terms of a residential mortgage loan.
- Must refer all requests for mortgage loan assistance or information to a designated Mortgage Loan Originator.
Working Conditions: Work is generally performed within an office environment, with standard office equipment available and usually sedentary in nature.
Compensation: Base salary starting range: $23.40/hour – $28.91/hour is commensurate with experience.
Our compensation philosophy is based on several factors such as (but not limited to) the scope and responsibilities of the position, the candidate’s work experience, education/training, and key skills.
Travis Credit Union is an Affirmative Action Employer
EOE/Individual with Disability/Veteran Status