Equity Loan Processor

COMMUNITY FIRST CREDIT UNION OF FLORIDA•Jacksonville, FL

20h•Onsite

About The Position

The Equity Loan Processor is responsible for managing the entire equity loan application process, from initial review to final closing and storage. This role involves ensuring all necessary documentation is obtained, coordinating property valuations and title searches, clearing underwriting conditions, and accurately preparing closing documents. The processor will also manage the loan boarding and funding process, track file progression using pipeline reports, and ensure compliance with all relevant laws and regulations.

Requirements

Previous experience with different types of mortgage loans, escrow, and ARM requirements.
A high school degree or equivalent.
Courtesy, tact, and diplomacy are essential elements of the job.
Ability to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.
Ability to read and carry out various instructions and follow oral instructions.
Ability to speak clearly and deliver information in a logical and understandable sequence.
Ability to perform basic mathematical calculations with extreme accuracy.
Ability to deal calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public.
Ability to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace.
Ability to effectively handle multiple, simultaneous, and changing priorities.
Ability to exercise highest level of discretion on both internal and external confidential matters.
Ability to perform non-complex arithmetic calculations (addition, subtraction, multiplication, division, percentages) to prepare loan files for submission to loan underwriters.

Responsibilities

Review Home Equity Loan applications for eligibility, completeness, and accuracy.
Follow up and obtain required documents necessary to process, underwrite, and close loans.
Prepare files for underwriting, order and review appraisal and title reports.
Clear all conditions prior to sending files for closing.
Complete all required data screens within the mortgage system to prepare files for closing.
Generate and provide to borrowers an accurate Closing Disclosure within the established timeframe.
Coordinate closing dates and locations with borrowers.
Generate closing packages and submit them to the branch for closing.
Board closed loans onto the Symitar system and fund the loans.
Disburse proceeds according to the Closing Disclosure.
Review closing packages for completeness and prepare files for record retention.
Log closed loans on the funding report.
Track volume by working from daily pipeline reports, ensuring all applications are processed within established turn times.
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.