Home Equity Processor

Hudson Valley Credit Union•Poughkeepsie, NY

About The Position

Hudson Valley Credit Union is currently recruiting for the position of Home Equity Processor. Primary Function: Process home equity loans and lines of credit applications based on Credit Union Policies, home equity lending products, home equity guidelines and state and federal regulatory requirements. Primary contact with members and all parties involved in the home equity application process to ensure consistent communication and Credit Union service standards are met.

Requirements

High School Diploma, General Education Development (GED) certificate, or state authorized high school equivalent certificate required
Registration with the National Mortgage Licensing System and Registry (NMLS) required
Minimum 1 year of mortgage processing, underwriting or equivalent lending experience required

Nice To Haves

Minimum 3 years of Financial institution transferrable experience preferred

Responsibilities

Process home equity loan applications in compliance with Credit Union lending guidelines. Activates and initiates services for new home equity loan applications.
Initiate introductory member contact for all new applications, communicating home equity process overview and outstanding documentation. Remain a key point of contact for the member, branch and contact center staff from application submission through clear to close status.
Manage loan documentation to ensure the data integrity and accuracy of information entered into the loan origination system. Generates loan documents and prepares the home equity file for underwriting.
Maintain ongoing knowledge of home equity guidelines and state and federal compliance regulations.
Review all loan information, including, but not limited to credit reports, appraisal reports, income documentation to confirm accuracy of information in the loan origination system.
Perform follow-up on outstanding documents with members, appraisers, title agents and other parties to ensure there is no delay in processing the file for final approval.
Issue documents required by TRID, including re-disclosure for any change of circumstance that occurs within processing.
Interpret computer system in order to accurately respond to branch and member status inquiries regarding their existing and pending home equity loan applications.
Responsible reconciliation of departmental general ledger expense accounts used for mortgage closing costs and fees
Adhere to all Credit Union policies, procedures, and regulatory agency requirements. Participate in all required and recommended training and development including, but not limited to, Bank Secrecy Act training (BSA) and demonstrate attained knowledge. Participate on Credit Union teams, projects and strategic initiatives when the opportunity arises. Perform additional duties and special projects as assigned.
Embrace and apply HVCU’s guiding principles to all activities and responsibilities. This includes the Credit Union’s Mission, Vision, Core Values, Employee and Member Value Propositions, Sales and Service Model, and commitment to Lean Six Sigma practices. Support the Credit Union’s initiatives by demonstrating teamwork and professionalism.
Responsible for regular and predictable attendance including punctuality.