Tower Federal Credit Union
Overview
RE Data Management Specialist (REDMS) position at Tower Federal Credit Union. The role involves handling loan file setup for incoming retail and correspondent first mortgage and home equity loan applications, mailing Welcome Packages and disclosures, reviewing applications for documentation requirements, requesting documentation from members, handling incoming mail, and managing requests to cancel, withdraw, or deny loan files to ensure consistency, timely delivery, and regulatory compliance. Responsibilities
Conduct thorough review of new retail and correspondent first mortgage and home equity loan applications to determine documentation requirements and complete necessary data entry in Mortgage Cadence, including generation of required regulatory disclosures, registrations, rate locks, and creation of skinny files. Generate and deliver Welcome Letters to members with a list of documentation needed to proceed. Monitor, review, and distribute incoming mail; follow up with documentation from members, lenders, and vendors via electronic VLF delivery, mail, email, and fax. Pull data from applicable systems for loan files (e.g., AVM, property taxes, tax transcripts, property deeds, member statements, etc.) as needed. Submit loans to FNMA Desktop Underwriter to determine loan eligibility. Order appraisals, flood certifications, title reports, and credit supplements as needed. Review and update closing costs/fees in Mortgage Cadence; re-disclose in compliance with RESPA and Reg Z. Facilitate new Tower FCU membership accounts for borrowers not yet members when applicable. Respond to member inquiries to update loan status and required documentation; coordinate with members, Loan Advisors, and lenders. Serve as primary contact for present and potential members, Correspondent lenders, and Loan Advisors; coordinate follow-up activities and documentation with internal teams. Monitor pre-approval pipeline to determine loan file age and send 10 Day Letters as necessary. Manage submission of cancelled, withdrawn, and denied files for quality assurance under HMDA Reg B and other regulatory requirements. Collaborate with Real Estate Lending Team and other Tower FCU departments; maintain knowledge of department guidelines and procedures to ensure loan conformity with underwriting and documentation standards. Maintain up-to-date knowledge of first mortgage and home equity products, Investor guidelines, and regulatory requirements. Perform related duties as assigned. Required Qualifications
Associate degree in a related field plus two years of related experience, or an equivalent combination of education and experience. One year of lending experience preferred. Coursework or seminars related to real estate lending origination, processing, and underwriting. Completion of up to five Mortgage Bankers Association classes as designated by the VP of Real Estate Lending within three years. Successful registration with the Nationwide Mortgage Licensing System and Registry (SAFE Act) and ongoing compliance with licensing requirements. Competencies
Analytical decision-making with meticulous attention to detail. Proficiency in origination and operations procedures of Real Estate Lending. Ability to work in a fast-paced environment and multi-task effectively. Strong numerical ability and accuracy; ability to interpret and apply lending guidelines and regulatory requirements. Effective communication, both oral and written; ability to work with members, real estate agents, title companies, and team members. Independent problem-solving, time management, and collaboration in a team environment. PC proficiency (Word, Excel, Outlook, internet, mortgage loan origination software). Understanding of Bank Secrecy Act, USA PATRIOT Act, and OFAC compliance. Working Conditions
Ability to sit for extended periods and operate office equipment; reach and dexterity required. Ability to sit, stand, and walk for extended periods as needed; lift up to 20 lbs. Work hours may extend beyond standard schedule based on business needs. TFO Security clearance may be required.
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RE Data Management Specialist (REDMS) position at Tower Federal Credit Union. The role involves handling loan file setup for incoming retail and correspondent first mortgage and home equity loan applications, mailing Welcome Packages and disclosures, reviewing applications for documentation requirements, requesting documentation from members, handling incoming mail, and managing requests to cancel, withdraw, or deny loan files to ensure consistency, timely delivery, and regulatory compliance. Responsibilities
Conduct thorough review of new retail and correspondent first mortgage and home equity loan applications to determine documentation requirements and complete necessary data entry in Mortgage Cadence, including generation of required regulatory disclosures, registrations, rate locks, and creation of skinny files. Generate and deliver Welcome Letters to members with a list of documentation needed to proceed. Monitor, review, and distribute incoming mail; follow up with documentation from members, lenders, and vendors via electronic VLF delivery, mail, email, and fax. Pull data from applicable systems for loan files (e.g., AVM, property taxes, tax transcripts, property deeds, member statements, etc.) as needed. Submit loans to FNMA Desktop Underwriter to determine loan eligibility. Order appraisals, flood certifications, title reports, and credit supplements as needed. Review and update closing costs/fees in Mortgage Cadence; re-disclose in compliance with RESPA and Reg Z. Facilitate new Tower FCU membership accounts for borrowers not yet members when applicable. Respond to member inquiries to update loan status and required documentation; coordinate with members, Loan Advisors, and lenders. Serve as primary contact for present and potential members, Correspondent lenders, and Loan Advisors; coordinate follow-up activities and documentation with internal teams. Monitor pre-approval pipeline to determine loan file age and send 10 Day Letters as necessary. Manage submission of cancelled, withdrawn, and denied files for quality assurance under HMDA Reg B and other regulatory requirements. Collaborate with Real Estate Lending Team and other Tower FCU departments; maintain knowledge of department guidelines and procedures to ensure loan conformity with underwriting and documentation standards. Maintain up-to-date knowledge of first mortgage and home equity products, Investor guidelines, and regulatory requirements. Perform related duties as assigned. Required Qualifications
Associate degree in a related field plus two years of related experience, or an equivalent combination of education and experience. One year of lending experience preferred. Coursework or seminars related to real estate lending origination, processing, and underwriting. Completion of up to five Mortgage Bankers Association classes as designated by the VP of Real Estate Lending within three years. Successful registration with the Nationwide Mortgage Licensing System and Registry (SAFE Act) and ongoing compliance with licensing requirements. Competencies
Analytical decision-making with meticulous attention to detail. Proficiency in origination and operations procedures of Real Estate Lending. Ability to work in a fast-paced environment and multi-task effectively. Strong numerical ability and accuracy; ability to interpret and apply lending guidelines and regulatory requirements. Effective communication, both oral and written; ability to work with members, real estate agents, title companies, and team members. Independent problem-solving, time management, and collaboration in a team environment. PC proficiency (Word, Excel, Outlook, internet, mortgage loan origination software). Understanding of Bank Secrecy Act, USA PATRIOT Act, and OFAC compliance. Working Conditions
Ability to sit for extended periods and operate office equipment; reach and dexterity required. Ability to sit, stand, and walk for extended periods as needed; lift up to 20 lbs. Work hours may extend beyond standard schedule based on business needs. TFO Security clearance may be required.
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