We’re always looking for diverse, talented, service-oriented people to join our exceptional team.
Real Estate Loan Processor II
The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.
Pay Range:$25.40 - $36.83
Scheduled Weekly Hours:40
What You’ll Be Doing
Serves as primary contact and service experience agent for Members who have applied for a real estate loan and provides the timely status updates. Assists Members with understanding the processes, obtaining required documentation, and meeting underwriting requirements. Is responsible for re-working loan when appraised value comes in low and present any possible options to Member.

• Verifies that original regulatory and/or compliant loan disclosures have been sent to our Member within the required timelines. Understands and is able to explain the terms of all disclosures to Members.
• Applies team and department “Best Practices” as instructed by Management.
• Coordinates funding activities with closing area, settlement agent and Member.
• Ensures that all pre-document and loan conditions are satisfied prior to authorizing funding.
• May be responsible for ordering out on own files in the event that a file clerk is unavailable.
• Processes real estate loan applications in a manner that is compliant with internal Lending Policies, Standard Operating Procedures, including product matrices and Investor guidelines. Is accountable for reviewing internal policy documents and SOP’s on a frequent basis to ensure that skills and understanding are current. Is familiar with the AllReg’s system to review investor guidelines as needed.
• Ensures that processing system is kept current with status, conversations and mail received on a daily basis.
• Ensures that department turnaround times for period from receipt of completed loan application to credit approval then funding are met.
• Responsible for primary Member contact; which includes providing twice weekly status updates to Members in pipeline; reviewing loan stipulations and counter offers and updating escrow and real estate agents at least weekly.
• Reviews all incoming mail within 24-48 hours of receipt; including but not limited to Member documentation and stipulations, Appraisal, Preliminary Title Report, Homeowner Association documentation, Mortgage Insurance, if applicable and insurance certificates (hazard and flood).
• Responsible for following up on third party services, within two business days of receipt of a completed loan application, including but not limited to Appraisal, Escrow, Title and mortgage insurance.
• Responsible for ensuring that updated loan disclosures are sent when re-disclosing is necessary; Ensure that new disclosures are sent within the required timeframe and in accordance with CFPB, TILA-RESPA integrated rule and MDIA.

Additional Job Functions

• Performs other duties as assigned
• Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions

Qualifications

• High School Diploma or GED required
• 1-3 years of previous related experience required
• Experience in real estate lending, consumer lending, or front line Member service role required
• Register with the Nationwide Mortgage Licensing System and Registry as a mortgage loan originator in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act (the "SAFE Act") when applicable

Knowledge, Skills, And Abilities

• If not previously involved in real estate lending, must have completed relevant internal or external training courses pertaining to real estate lending.

SchoolsFirst FCU is committed to Diverse, Equitable, and Inclusive Hiring
At SchoolsFirst FCU we are dedicated to building and growing a diverse, inclusive, and authentic Dream Team, so if you’re excited about a position or wanting to make a career change but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. Many skills are transferrable and you may be just the right candidate for the position, or for other roles we are working on.
SchoolsFirst Federal Credit Union is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. SchoolsFirst FCU is an equal opportunity employer and prohibits discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibits discrimination against all individuals based on their race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, political affiliation, or genetic information.
This organization participates in E-Verify.