Loan Processor

Job Description

Job Summary:

This position will process mortgage and consumer loans and make loan disbursements. They will work with loan posting to close and to service, monitor, and process escrow items. Verify insurance coverage and maintain tax records.

Essential Functions and Responsibilities:

Prepare and review loan files for underwriting.

Ensure integrity of all data and process inputs.

Create all necessary documents to close and disburse loan.

Obtain and review customer documents, and clear conditions commensurate with authority level.

Assist in organizing and completing mortgage files.

Ensure the company and government standards are met at all times, ensuring accuracy on all documents.

Maintain good working knowledge of company and government standards through continued research.

Meet minimum monthly requirements of closing new files each month.

Provide all post closing service and follow up.

Send closing thank you cards to members and provide all post closing service and follow up.

Monitor insurance coverage on loans, ensure all policies are up-to-date.

Monitor and manage all aspects of CPI and CDI programs including review reports, account adjustments, and post to accounts.

Work with various counties to record needed documents.

Maintain tax records for all real estate loans.

Pull paid off loans from files to release documents and title to members, counties, and other necessary parties.

Prepares and conducts escrow analysis.

Conducts all work related to lien placement and release, title preparation, and adjustments and mortgage satisfaction.

Responsible for all aspects of loan funding process including maintaining spreadsheets, wiring funds, changing addresses with counties for filing, and paying off other loans and accounts with proceeds.

Ensures vendors meet agreed upon service level agreements with each transaction.

Orders appraisals and title work in a timely manner.

Perform other duties as assigned.

Job Requirements:

High school diploma or equivalent.

Minimum 3 years related work in Mortgage Loan Processing and closing, experience with FHA and VA loans.

Courtesy, customer service, and tact are essential elements of this job. Work involves much personal contact with others inside and/or outside the company for purposes of giving or obtaining information, building relationships or soliciting cooperation. Self-motivated. Strong oral and written communication skills. Detail oriented and strong organizational skills required. Proficiency in Microsoft Excel and Word required.

Physical Requirements/Work Environment: May lift up to 25 lbs; Office work; may need to sit for long periods of time in front of a computer.Company Description

For over 70 years, OC Federal Credit Union has helped our members across the state achieve their financial goals.

Members choose us for our low loan rates, personal service, and how we give back to the communities where they live, work, and worship.

We offer personal and business checking and savings accounts, plus auto loans, mortgages, home equity lines of credit, and more.

As a local credit union, you get the level of personalized service you won’t find at larger financial institutions.

Full-time