Assistant Mortgage Specialist

Coreplus Federal Credit Union • Groton, CT

1h • Onsite

About The Position

Under the direction of the Mortgage Specialist(s) and the supervision of the Director of Real Estate Lending, and in compliance with established policies and procedures, this role performs a range of support and services with special dedication attributed to the mortgage lending functions. The position involves assisting with the processing of secondary market mortgage loans, monitoring loan pipelines, maintaining communication with applicants and specialists, providing quality member service, and handling scheduling for appointments. It also requires staying current with regulatory guidelines and assisting with various functions within the Mortgage Department.

Requirements

• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
• Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
• Work involves contacts with personnel of other departments within the organization as well as with general public, representatives of other organizations, vendors, etc., where considerable discretion, resourcefulness, and persuasiveness is required to achieve desired objectives.
• The ability to understand more advance computer skills and be proficient in the intermediate knowledge of software such as Microsoft Word, Excel and computer software pertinent to the position.
• Regularly required to talk or hear.
• Frequently required to stand; walk; sit; use hands to finger, handle, or feel; climb or balance; and stoop, kneel, crouch, or crawl.
• Occasionally required to reach with hands and arms.
• Occasionally lift and/or move up to 10 pounds.
• Specific vision abilities required by this job include close vision, depth perception, and ability to adjust focus.
• Bachelor's degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.
• Valid State of Connecticut Driver’s License

Responsibilities

• Assist Mortgage Specialists with the processing of secondary market mortgage loans, in accordance with established policies and procedures with special consideration to CFPB/TRID/HMDA guidelines for real estate lending and reporting. Including; issuing initial disclosures either electronically or via mail within established regulatory timelines, and obtaining necessary items to complete the files, such as appraisals, title searches, flood certs, insurance, payoffs and VOEs.
• Daily monitoring and review of any new real estate loan inquiries or requests received via branch, online or other method of submission, for accuracy and completeness, within a timely fashion.
• Monitoring current loan pipeline, with focus on moving initial loans through the milestones needed to complete the request, following up on deficient items needed to complete the request within a timely fashion, and prepares files for final underwriting review.
• Maintains communication with Mortgage Specialists and applicants during the loan process, providing updates, and acting as a liaison between the applicants and Mortgage Specialists.
• Provides quality member service throughout the loan process, including follow up contact with applicants regarding any documents needed to finalize their request, such as income, assets, insurance, etc.
• Handles scheduling for inside and outside appointments for Loan Originator(s).
• Maintains current knowledge and compliance with secondary market and regulatory guidelines and requirements as well as all other bank policies, procedures and regulations.
• Keeps abreast of regulatory and competitive developments within the area of real estate lending.
• Assist with other areas of the Mortgage Department, as needed, such as, interviewing, processing, closing, post-closing, and servicing functions, and any other duties within the department as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level