Home Equity Loan Processor

BECU•Lexington, WA

8d•$26 - $31

About The Position

As a Home Equity Loan Processor, you play a pivotal role in helping members achieve their financial goals by ensuring their Home Equity loan experience is smooth, informed, and supportive. You’ll use your expertise to evaluate documentation, guide members and partners through each step, and ensure every loan is processed with accuracy, care, and compliance. Your work will empower members with confidence and clarity—while contributing to an exceptional lending journey at BECU. This isn’t just about ticking off tasks on a list. It's about making a significant, positive change in BECU’s journey, where your contributions are valued, and your growth is continually fostered. A Talent Persona built for this role reflects someone who thrives in a detail-oriented, member-focused lending environment. Candidates with these motivators and interests will feel especially drawn to this opportunity: A passion for helping people make confident financial decisions Satisfaction in solving complex problems with accuracy and empathy Enjoyment of a structured environment with clear regulatory guardrails A desire to work cross-functionally with underwriters, branch partners, and vendors Motivation to grow within mortgage and consumer lending Appreciation for stability, high standards, and strong procedural frameworks A sense of pride in guiding members through meaningful financial milestones Interest in developing deep knowledge of Home Equity and lending regulations A drive to deliver exceptional service and build long-term member trust

Requirements

Associate’s degree in Business or equivalent work and/or educational experience required.
Typically one year experience in Home Equity or Mortgage Lending required.
Thorough knowledge of general loan policy, real estate lending practices (including state regulations and federal regulatory requirements) and agency requirements regarding consumer lending required.
Thorough knowledge of all RESPA, HMDA, Fair Lending, ECOA, and HUD rules and regulations required.
Comply with Safe Act legislation, which requires annual registration as a Mortgage Loan Originator (MLO).
Full-time hours required, with additional hours as necessary.
Verbal and written skills to effectively communicate and provide customer service required.

Responsibilities

Process Home Equity Loans: Review, analyze, and process all required documentation—such as title searches, appraisals, income verification, and insurance binders—to determine credit, collateral, and ratio acceptability.
Manage Underwriting Conditions: Ensure all underwriting conditions are met, coordinating with members, branch teams, and underwriters to deliver accurate and complete files for final approval.
Prepare Loans for Closing: Verify that loan applications are complete, fully scored in the Loan Origination System, and supported with error-free calculations before closing.
Partner With Vendors: Work professionally and efficiently with external vendors to clear collateral conditions and maintain momentum toward closing.
Navigate Multiple Loan Pipelines: Manage several loans in different stages at once in a fast-paced environment, handling calls, questions, and updates seamlessly.
Coordinate Final Terms & Signings: Communicate with members and escrow partners to confirm final terms and schedule signing appointments.
Apply Expert Home Equity Knowledge: Maintain a strong understanding of BECU’s Home Equity pricing, policies, products, and loan structures to offer members the best possible options.
Support Member Experience: Deliver prompt, efficient, and professional service—resolving questions or concerns with courtesy and thorough follow‑through.
Champion Financial Awareness: Provide clear information about BECU’s products, services, and policies to help members confidently navigate their financial choices.
Fulfill Additional Responsibilities: Assist with other related duties as assigned to support the overall Home Equity team and member experience.