HFCU - Real Estate Processor I

About the job HFCU - Real Estate Processor I

Position Title : Real Estate Processor Department : Lending

Classification : Non - Exempt Approved By : VP of Lending

REPORTING RELATIONSHIPS

Position Reports To : Director of Real Estate Lending

Positions Supervised : None

POSITION PURPOSE

Responsible for processing all new home equity and mortgage applications from the time of submission to the time of clear to close.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Provide administrative support to MLO / FSR including updating loan data in the LOS, validating documents they submit and reviewing the file for accuracy, completeness and compliance.
• Prepare and send disclosures for both home equity and mortgage applications with TRID regulation timeframes
• Review system application and documents loaded for accuracy when submitting a home equity or mortgage for initial underwriter review
• Contact third parties to request required documents such as Appraisal, Title, Flood Certification, Tax Transcripts, Mortgage Insurance, pull Property Access Card if tax bills are not included.
• Proactively follow up with MLOs and third parties to ensure timely receipt of conditions as established by service level agreements.
• Obtain and submit mortgage conditions within parameters set forth by the Underwriter in order to attain a clear to close.
• Ability to interpret credit report, appraisal, title and DU findings.
• Manage digital and hard files by scanning and verifying documents in the imaging system.
• Perform responsibilities of position in accordance with federal and state regulations as well as credit union policies and procedures.
• Assist in training new employees.
• Recommend changes to improve workflow, efficiencies and quality.
• Meet Core Comp Requirements.
• Performs additional duties as assigned.

PERFORMANCE MEASUREMENTS

Performance is measured against the core competencies as outlined by the position and against goals established by the supervisor.

QUALIFICATIONS

Education / Certification : Some college preferred plus two to three years experience in home equity processing; or a comparable combination of education and experience.

Experience Required : Using PC based software including Microsoft Word, Excel and Outlook. Processing home equities, processing mortgages, reviewing basic loan documentation; Fannie Mae experience is preferred

Skills / Abilities : Strong attention to detail. Ability to prioritize a steady stream of incoming tasks. Must project a professional appearance and positive attitude at all times. Must be team oriented. Excellent communication skills.

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Finger Dexterity : Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.

Talking : Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

Average Hearing : Able to hear average or normal conversations and receive ordinary Information.

Repetitive Motions : Movements frequently and regularly required using the wrists, hands, And / or fingers.

Average Visual Abilities : Average, ordinary, visual acuity necessary to prepare or inspect Documents or operate machinery.

Physical Strength : Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally

WORKING CONDITIONS

None : No hazardous or significantly unpleasant conditions.

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability : Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Mathematics Ability : Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume.

Language Ability : Ability to use passive vocabulary of 5,000-6,000 words; to read at a slow rate; define unfamiliar words in dictionaries for meaning, spelling, and pronunciation.

Ability to write complex sentences, using proper punctuation, and use adjectives and adverbs.

Ability to communicate in complex sentences; using normal word order with present and past tenses; using a good vocabulary.

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, peers, clients, customers, and the general public.