Mortgage Loan Processor II

Company: First Financial Credit Union
Location: West Covina
Posted on: April 28, 2021

Job Description:

Job DescriptionMortgage Loan Processor II at First Financial Credit UnionWhen you join First Financial Credit Union as a Mortgage Loan Processor at our headquarters in West Covina, you are joining a team of dedicated, self-motivated individuals who enjoy helping others and working in a collaborative and progressive environment. We don't shy away from our success and work hard each day to make great things happen for our members/customers, our teams, and ourselves.Position Overview Under general supervision of the Real Estate Loan Supervisor and or Lending Manager, performs loan processing prior to underwriting review for first mortgage loans. Reviews and gathers documentation related to first mortgage, ensures Credit Union can obtain official recorded interest in collateral, evaluates the value of collateral ensuring it is sufficient to secure loan for amount requested. Implementing mission, vision and values of the Credit Union, the Organizational Code of Conduct, and corporate policy in all interactions with members, co-workers and othersQualifications & Experience

• Responds to inquiries from branches and members concerning loan status.
• Reviews all new loan submissions for completeness and accuracy prior to generating/mailing initial disclosures to members.
• Orders and reviews 3rd party documentation for secured loans such as title, appraisal, flood and credit reports. Address credit/title/flood issues with members and document critical information in file for underwriter review.
• Process loans based on Credit Union polices and guidelines and provide support to Sales Staff.
• Prepares documentation and written correspondence to members.
• Completes or attends required compliance and/or industry training assignments as assigned.
• Performs all duties in compliance with laws, regulations, Credit Union policies and procedures.
• Obtains all documentation to satisfy underwriting conditions and collateral information.
• May perform some research on non-routine inquires and other related duties as required. Typically, these skills are the result of a college degree, and four years or more of experience in a Real Estate loan department, and advanced product knowledge. Minimum Requirements
  • Advanced working knowledge of all Real Estate related loan documents
  • Advanced working knowledge of real estate lending compliance, regulations, Uniform Commercial Code, TRID requirements, operations and credit union philosophy.
  • Advanced knowledge of credit fundamentals (e.g. credit scoring, property appraisal review, reviewing of a credit report, debt ratio calculation for advanced income analysis). For ex; Income tax analysis, Schedules C and E
  • Advanced analytical skills sufficient to conduct an analysis of applicant's credit status Our CultureAt the very heart of who we are is doing what is in the best interest of our members, employees, and the California educational community. By listening to, and knowing the needs of our membership, we have become their trusted advisor. We focus on our members' end-to-end experience (journey) and employees are empowered to help members make their financial dreams a reality. To that end, we focus on hiring for talent and the right fit for our culture. We are in business to serve the educational community, and our internal members our talented staff with the same respect and extraordinary service expectations.At the credit union, we believe that talent and attitude count as much as skill and experience. As a result, we are looking for talented people who share our vision, our passion for the educational community, and for delivering exceptional service with the right attitude.We believe in a good work/life balance and retaining our employees. We hire motivated people who we train to expertly perform and excel in their position--all in an environment where you can flourish and advance.PerksWe offer the following exceptional benefits:-Medical, Dental and Vision-Vacation time for Union employees (accruing from day one) available after 6 months of service-Additional Vacation Service award for every 5 years of service (up to 4 weeks)-401(k) with 4% Safe Harbor Employer Contributions-Gain Sharing (Profit Sharing)-Additional Incentives and Recognition based on performance-Special Product Pricing (discounted loan rates and interest on accounts with no minimum balance)-Frequent employee appreciation and recognition events-Opportunity to win trips with all-expenses paidCommunity Minded, Just Like YouOur dedication to the educational community sets us apart from the big banks and other credit unions. Our staff and volunteers (Board Members and Supervisory Committee) enthusiastically spend hours volunteering at local schools each year. In addition, we zealously give back in many other ways, including:
    • Donations to local schools from both members and staff
    • Teacher Grants, Classroom Supplies Grants, Teaching Credential Grants, and Scholarships for Graduating High School Seniors (and those pursuing their education)
    • Community involvement local charitiesHistoryWe value and take tremendous pride in serving the financial needs of the California educational community. We were founded by educators for educators 85 years ago. It's a role we take seriously and a mission to which we are just as committed to today as we were in 1933.We continue to uphold a focus on educators, maintaining a charter and mission statement that emphasize our dedication. We have held steadfast to our commitment and have not changed our focus nor abandoned our relationship with the educational community over the years for the general public (as many credit unions have done to their core membership). In fact, our Board of Directors consists of current and retired educators, ensuring that the educational community will remain our focus on an ongoing basis.For 85 years, we have been providing better value to members, consistently demonstrating our commitment with our time- and money-saving products and services designed specifically for the needs of the California educational community.We have 11 branches in Southern California, serving Los Angeles County, Orange County, San Diego County, the Inland Empire, the San Gabriel and San Fernando Valleys.Career OpportunitiesWe are looking for talented people who share our vision, our passion for the educational community, for delivering exceptional service and for doing what is in the best interest of our members
      
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Keywords: First Financial Credit Union, West Covina , Mortgage Loan Processor II, Other , West Covina, California