Home Equity Loan Processor I or II

Belco Community Credit Union•Harrisburg, PA

8h•$20 - $25•Hybrid

About The Position

This position is responsible for the processing of all home equity loans in accordance with all state and federal regulations, and internal policies and procedures. This includes home equity loans, and business real estate loans. As a Home Equity Loan Processor II, you will be responsible for the processing of all Home Equity loans in accordance with state and federal regulations, internal policies and procedures. This includes home equity loans, and business real estate loans.

Requirements

High School Diploma or equivalent with a minimum of 2 years of similar or related or preparatory experience.
Candidates must also possess an NMLO designation (Safe Act Compliant).
High School Diploma or equivalent with a minimum of 5 years of similar or related or preparatory experience.
Proven work experience in a loan processor role.
Proven sales prospecting skills.
Strong knowledge of federal, state and/or regulatory requirements of mortgage lending.
Good knowledge and understanding of mortgage products, pricing and underwriting/closing guidelines.
Excellent organizational and time management skills are a must.
Professional phone etiquette skills as must.
Ability to maintain productivity under pressure and multitask effectively.
PC and keyboarding efficiency with general background in the use of office software and machines.

Nice To Haves

Higher education and more than 2 years of similar or related experience, and completion of a specialized course of study in the mortgage lending field or an extensive in-house training or apprenticeship program.or completion of a specialized and extensive in-house training or apprenticeship program.
Preferred candidates will possess a Pennsylvania Notary and Remote Noatary designation.
A two (2) year college degree with more than 5 years of similar or related experience, and completion of a specialized course of study in the mortgage lending field or an extensive in-house training or apprenticeship programor completion of a specialized and extensive in-house training or apprenticeship program.
Preferred candidates will possess a Pennsylvania Notary and Remote Notary designation

Responsibilities

Responsible to execute documents and disburse all home equity applications received via all acceptable delivery channels.
Maintain direct contact with members, branches, and third-party vendors throughout the disbursement process in order to expedite fund/closing to meet or exceed member expectations.
Preparation of any documentation needed for loan closing and routing to appropriate branch staff or closing agent for disbursement.
Work to satisfy all conditions when received from the Underwriters in a timely manner.
Preparation of and disbursement of loan funds.
Prepare and issue all preliminary disclosures per state and federal regulations applicable to real estate loan requests.
Execute and perfect home equity filing documents.
Order, coordinate, and maintain direct communication/contact with title agencies, abstractors, and settlement agents and attorneys, and insurance agencies/agents, etc.
Responsible to order, obtain and maintain flood certifications and flood insurance coverage as required.
Construct and maintain credit file, to include applicable checklist.
Complete and meet post-closing requirements within the stipulated time frame.
Assist members and cross-sell available products and services that best fit the members needs.
Operate as a team player at all times, and assist other processors as necessary. Provide consistent, clear communication within the team. Work closely with Lending Sales employees, Business Services, Underwriting and Consumer Lending Processing departments.
Process loans in accordance with established procedures, policies, and standard guidelines.
Utilize Remote Online Notary (RON) to ensure closings secured in a timely manner
Maintain and compile monthly reporting data and reports as required.
Keep informed on current trends and regulatory requirements in mortgage/real estate lending.
Meet or exceed the minimum established individuals goals and objectives each month.
Embody Belco’s Mission, Vision, and Belco Life Brand.
Perform other duties as assigned by the Home Equity Processing Supervisor.
Complete monthly tasks as assigned, for example, due date reports, mortgages over 30 days delinquent, etc.
Acts as the primary contact for members, realtors and those involved in the process, to ensure that the documents required for processing and closing are secured in a timely manner.
Coordinates settlement times and dates with all parties involved in the home equity closing process and complete necessary documentation as required.
Maintain pipeline reporting for all loan disbursement packages, and identifying potential bottlenecks that could negative effect service delivery.
Assist other departments with any communication that the member/borrower as requested.
Helps train, orient, and assist new or existing Home Equity Loan Processor I.