Home Equity Loan Processor
About The Position
Processes home equity loans and lines of credit. This representative works closely with branches, borrowers, underwriters, and appraisers to facilitate the processing of the loan from initial setup to closing. The Home Equity Loan Processor determines documentation needed for loan approval and obtains and assembles the loan package for underwriting/loan approval. The Processor is required to know regulatory, credit union policy and underwriting requirements. Obtains information necessary to complete the loan application and supporting documents according to guidelines, policies, and procedures.
Requirements
- A high school diploma or equivalent is required
- 2 years of related experience in consumer or mortgage lending, or equivalent combination of working experience/training.
Responsibilities
- Obtains, assembles, reviews, researches, and prepares documents necessary to process home equity loans and final loan approvals.
- Work closely with borrowers, underwriting and branches to resolve any issues and monitors promised closing dates to meet dates established.
- Communicate with members throughout the loan process to resolve any loan issues.
- Ensure home equity loan file meets underwriting, compliance and quality control standards.
- Manage individual pipelines resulting in on-time closings for purchases and refinances.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
