SchoolsFirst Federal Credit Union
Real Estate Loan Processor II
SchoolsFirst Federal Credit Union, Tustin, California, United States, 92681
Real Estate Loan Processor II - SchoolsFirst Federal Credit Union
Pay Range: $26.62 - $38.60 per hour Scheduled Weekly Hours: 40 What You’ll Be Doing
Verifies that original regulatory and/or compliant loan disclosures have been sent to our Member within the required timelines 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 when 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; reviews internal policy documents and SOPs frequently to ensure skills and understanding are current; uses the AllReg’s system to review investor guidelines as needed. Maintains processing system status, conversations and mail received daily. Ensures department turnaround times from receipt of completed loan application to credit approval then funding are met. Provides primary Member contact, including twice‑weekly status updates to Members in pipeline; reviews loan stipulations, counter offers, updates escrow and real estate agents at least weekly. Reviews all incoming mail within 24‑48 hours of receipt: Member documentation and stipulations, Appraisal, Preliminary Title Report, Homeowner Association documentation, Mortgage Insurance if applicable and insurance certificates (hazard and flood). Follows up on third‑party services within two business days of receipt of a completed loan application: Appraisal, Escrow, Title and mortgage insurance. Ensures that updated loan disclosures are sent when re‑disclosing is necessary; ensures 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 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 required. 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. Diversity & Inclusion
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.
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Pay Range: $26.62 - $38.60 per hour Scheduled Weekly Hours: 40 What You’ll Be Doing
Verifies that original regulatory and/or compliant loan disclosures have been sent to our Member within the required timelines 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 when 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; reviews internal policy documents and SOPs frequently to ensure skills and understanding are current; uses the AllReg’s system to review investor guidelines as needed. Maintains processing system status, conversations and mail received daily. Ensures department turnaround times from receipt of completed loan application to credit approval then funding are met. Provides primary Member contact, including twice‑weekly status updates to Members in pipeline; reviews loan stipulations, counter offers, updates escrow and real estate agents at least weekly. Reviews all incoming mail within 24‑48 hours of receipt: Member documentation and stipulations, Appraisal, Preliminary Title Report, Homeowner Association documentation, Mortgage Insurance if applicable and insurance certificates (hazard and flood). Follows up on third‑party services within two business days of receipt of a completed loan application: Appraisal, Escrow, Title and mortgage insurance. Ensures that updated loan disclosures are sent when re‑disclosing is necessary; ensures 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 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 required. 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. Diversity & Inclusion
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.
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