Loan Processor

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Job description

Essential Duties and Responsibilities:

• Reviews loan pipeline daily to ensure files progress thoroughly and accurately toward closing.
• Works with borrowers to gather adequate documentation to pre-underwrite, income, credit, asset, etc. in order to submit to underwriting for a loan decision to be made according to Credit Union guidelines.
• Re-discloses loans in accordance with federal regulations as needed. Receives and verifies accuracy of any changed circumstances from original application request that result in re-disclosure.
• Ensures accuracy of HMDA reportable information in Credit Union loan origination software.
• Ensures delivery of appraisals to borrowers within three days of closing in accordance with Regulation Z.
• Ensures all loan documentation are accurate, complete, and meet federal regulations.
• Receives and clears administrative underwriting conditions needed after loan approval.
• Coordinates with all applicable parties when conditions have been satisfied so that file can be moved to clear to close status.
• Counsels borrower's different types of loan products to meet their current and future needs.
• Cross-sells Credit Union products and services when appropriate.
• Performs related duties and special requests as assigned.

Education and/or Experience:

High School Diploma and a minimum of two to five years of related experience or an equivalent combination of education and experience.

Certifications, Licenses, Registrations:

Ability to successfully complete the registration process as a mortgage loan originator, (MLO) with the National Mortgage Licensing System and Registry, (NMLS), and ability to annually renew and maintain registration throughout employment.

Supervisory Responsibilities:

None.

***Please note: General Electric Company is not associated or affiliated with GE Credit Union nor does it endorse, sponsor or otherwise approve of the services of GE Credit Union.'
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Work Remotely

• No

Job Type: Full-time

Pay: $1.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift

COVID-19 considerations:
All staff members are required to wear a mask when they are not at their desks. Masks, hand sanitizer, and disinfectant wipes are readily available.

Education:

• High school or equivalent (Required)

Experience:

• Fair Housing regulations: 2 years (Preferred)
• Customer service: 1 year (Required)

Work Location: One location