Home Equity Processor

LMCU•Grand Rapids, MI

1d•Hybrid

About The Position

LMCU is looking for a Home Equity Processor who will be in charge of gathering the necessary information and documentation required for home equity loan applications. Their duties include carefully reviewing the home equity applications to confirm all essential fields have been appropriately completed as well as organizing additional application documentation. This role will serve as the main point of contact for the borrower, loan officer, and underwriter from origination to closing.

Requirements

Two or more years of similar or related experience, including preparatory experience.
Basic knowledge of the different requirements for closing Home Equity loans.
Ability to work in a fast-paced, deadline-oriented environment.

Responsibilities

Process Home Equity applications, including reviewing credit reports, income, assets (if applicable), and confirming all documentation meets requirements.
Review underwriting decisions and prepare decision letters as appropriate while working directly with applicants to obtain outstanding items required by underwriting for a clear to close.
Demonstrate a high level of communication with members and internal and external partners to always provide service excellence.
Finalize the loan processing stage by preparing loans for submission to the closing team. This includes, but is not limited to, obtaining homeowners insurance documents, payoffs, and coordination of closings with remote notary closings or branches in setting closing dates.