Home Equity Lending Coordinator

Mountain America Credit Union•West Jordan, UT

6d•Onsite

About The Position

The Loan Coordinator (LC) will own the member relationship from the moment our member applies for a Home Equity product till our member finishes the process. The LC will focus on guiding our members forward by providing expertise and financial education through AAA and delivering world class service.

Requirements

One year of experience in a finance or sales related field.
Ability to satisfy immediate and unexpected needs, by recommending credit union products and services with knowledge and confidence.
Ability to multi-task and maintain composure while handling all member activities and requests.
Ability to perform mathematical calculations.
Ability to communicate effectively using written and verbal communication
High school diploma or equivalent
Must be able to qualify for a NMLS number under S.A.F.E Act after hire into position.
Intermediate skills in the following: Microsoft Office products including; Word, Excel and Outlook
Demonstrated ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations
Demonstrated ability to document outcomes and present information in a manner appropriate for members.
Ability to work both autonomously and collaboratively in a fast-paced environment.
Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with a large loan pipeline
Adaptive to change, responds positively to altered circumstances or conditions
Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc.
Ability to sit, talk and hear consistently
Close vision (clear vision at 20 inches or less)
Distance vision (clear vision at 20 feet or more)
Ability to lift up to 20 pounds occasionally

Nice To Haves

Work in the mortgage industry preferred.

Responsibilities

Provides exceptional member service to credit union membership by assessing member needs and advising to improve their financial situation
Recognizes member needs, educates on options for managing financial transactions through MACU tools, resources, technology and cross-sells products and services as needs arise through a consultation approach
Consistent focus on increasing member satisfaction, building the membership base and account retention
Expected to meet performance goals
Resolves problems by clarifying member complaints, determining the cause of the problem, providing the best solution to resolve the problem, expediting correction or adjustment, and following up to ensure resolution.
Communicate regularly with new and active loan applicants to ensure they receive exceptional service throughout the loan process.
Processes Home Equity Line of Credit applications up to $399,999
Shows understanding and application of MACU home equity lending processes, procedures, and guidelines, and understanding of appropriate federal and state real estate lending regulations and how they apply to MACU.
Processes loans by accepting and reviewing loan applications.
Analyze data to verify borrower information and uncover fraud.
Interviews loan applicants, reviewing credit report and collateral information.
Make an initial assessment of the credit worthiness of borrowers through proper review of borrowers’ credit reports/scores.
Gather and analyze paystubs, personal taxes, verification of income/employment, and assess any concerns with income
Develop and maintain quality timeframes and management of pipeline to achieve and meet required deadlines
Identify alerts requiring disclosures, re-disclosures and other necessary attention to loan files and work with loan officer to remedy.
Assist in completion of Notice of Incomplete Applications, Withdrawals, and Denials within required time frames.
Review the real estate collateral including its condition, AVM, and loan to value.
Order AVM and title report upon receipt of all qualifying documentation and Intent to Proceed
Ensure proper lien position of requested loans through analysis of collateral title reports and clearing of collateral liens that could increase the risk of the loan.
Remove unnecessary documents/buckets from eFolder in Encompass to eliminate duplication and determine what missing documentation is outstanding; verify accuracy of received date for documents and correct if needed
Demonstrate understanding of what is required for alerts, warnings and Mavent fails
Confirms each loan file is complete with all required loan documentation and prepared for further analysis and underwriting.
Confirm loan file has all required documentation and submit to underwriting
Review and analyze borrower trust documents to ensure they meet MACU trust lending guidelines with special attention to the legal ability of the trust to borrow and the proper trust ownership of collateral property for deed of trust recording.
Works with borrower’s insurance companies to ensure the proper homeowners and flood insurances are accurate and in place, and that MACU is listed as lien holder.
Verifies borrower’s employment status in accordance with MACU guidelines and, when necessary, CFPB “Ability to Repay” regulations.
Works with borrowers’ other financial institutions to obtain accurate and timely pay-off information for loans that will be paid-off with the proceeds of the home equity loan.
Maintains confidentiality of credit union and member information.
Be detail oriented and ensure the processing quality of home equity loans by achieving documentation accuracy, goals and standards.
Maintain quality turn times and self-management of workload/pipeline to hit strict deadlines and production standards.
Participate in ongoing training of home equity products.
Builds and maintains a cooperative working relationship with other home equity lending team members as well as vendors and branch/member service personnel.
Performs other duties as assigned.
Works with Member Service Team to ensure home equity loan applications are complete and accurate.
Represents the credit union in a professional manner
Responds to email/voicemail/missed calls/other communication in a timely manner
Actively participates and completes product knowledge courses
Complies with all regulations as required by law
Performs other duties as assigned
Trains, coaches and mentors other Financial Service Representatives