Residential Lending Loan Processor

Job Description

Loan Processor at Stanford Federal Credit Union!

We’re on a mission to improve financial lives! If you’re a high-energy, compassionate, and collaborative individual yearning to make a difference, we need you on our team! Members really do come first at Stanford FCU because we’re non-profit and owned by our members. Our members work for Stanford University and some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry.

Stanford FCU is a $4 billion company with a global reach—88,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives!

Who you are:

Associate degree (A.A) is desirable or some college and/or 2-3 years of related work experience

Minimum 1-3 years of experience originating and/or processing conventional mortgages

Working knowledge of industry related TRID/HMDA/CFPB regulations and requirements

Working knowledge of FNMA lending guidelines

Strong pipeline management skills

Working knowledge of various Loan Origination Systems

Ability to effectively multi-task and process a large volume of work

Credit Union work experience highly desirable but not necessary

Working knowledge and comprehension of financial mathematical skills and ability to perform needed calculations

What you’ll DO:

Process incoming mortgage loans from initial application to funding.

Duties include but not limited to ordering appraisal and title reports, requesting documents from members and verifying document data for accuracy, providing loan status updates, and effectively managing daily pipeline reports in order to prioritize workload and meet transaction deadlines.

Additional duties include preparation of loan documents upon receipt of final approval and working closely with other team members in order to provide outstanding service to our valued members.

Daily communication with Members and internal staff

Other duties as assigned, in order to support the residential lending team.

Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act and the Office of Foreign Assets Control

Some of our benefits for YOU:

100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents

Employer 401(k) matching up to 5% plus additional annual discretionary contributions

Education reimbursement up to $5,200/year

Employee recognition program with cash incentives

Paid Sick Time accrues at two weeks per year

Generous Paid Vacation Time

Paid Federal banking holidays (approximately 11 per year)

Ongoing training and education, seminars, and conferences

Employee discount loan program (up to 1% off vehicle, mortgage and HELOC loan rates; up to 3% off credit card or personal loan rates) if eligible

Waived fees and deposit bonuses on Stanford FCU accounts

Flex health/transit plan availability

Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources

If you are ready for this awesome opportunity (or know somebody who is) please contact us today!

Please Note: SFCU does not provide work visa sponsorship or accept visa transfers for any positions. Applicants that require work visa sponsorship or transfer will not be considered for employment. SFCU does not provide any relocation benefits for any positions.

Stanford Federal Credit Union is committed to equal employment opportunities, and a workplace that embraces diversity and inclusion for qualified individuals of all backgrounds.

Full-time