Lending Processing Specialist

Blackhawk Community Credit Union•Janesville, WI

About The Position

The Lending Processing Specialist plays a crucial role in the mortgage loan process, assisting with the preparation, coordination, and verification of loan applications and documentation. This position ensures compliance with regulatory requirements and BHCCU policies while providing exceptional service to members and supporting various departmental activities.

Requirements

Strong attention to detail to ensure that work is accurate, precise, and free from errors, leading to higher quality outputs.
Express ideas clearly and concisely, listen actively, and ensure information is transmitted accurately and efficiently.
Experience with different types of mortgage loans, escrow and ARM requirements.
Familiar with various online origination and mortgage system software.
Must possess strong interpersonal skills, a positive attitude, and a desire to help people.
Must possess effective verbal and written communication skills.
Must possess good judgment.
Must possess basic math skills.
Ability to organize and prioritize work and maintain accurate records.
Ability to manage time effectively to meet deadlines.
Projects a professional image.
Pass the pre-employment drug test and background check.
Associate’s Degree or an equivalent level of knowledge, skills, and abilities typically acquired through work experience.
Must be at least 18 years of age.
Two years of previous Mortgage Processing Experience.

Nice To Haves

Previous experience recommending products and plans to improve a customer’s financial position.
Knowledge of banking and/or credit union regulations.

Responsibilities

Assist in the loan process by preparing applications for approval or other dispositions and ordering documents needed to complete loan files. Perform special projects and other duties as assigned.
Review and fulfill loan information received from loan officers within 48 hours of receipt, ensuring all necessary documentation is collected for proper processing and underwriting.
Coordinate, prepare, and assist with pre-document reports, filing, and verification of loan documents.
Order appraisals, flood determinations, title commitments, tax transcripts, and other required documentation as needed, sending appropriate order forms to vendors.
Request and verify the accuracy of incoming data, coordinating with members and loan originators to resolve any issues or discrepancies.
Adhere to critical regulatory requirements regarding compliance for disclosures and timelines, including the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Assemble and analyze borrower data, compute ratios for submission to loan underwriters, and assist with Desktop Underwriting.
Present loan files to Underwriting for additional credit decisions when necessary and prepare and send commitment letters or adverse action notices.
Assist in obtaining additional information needed to meet conditions of loan approval, including payoff statements and homeowners insurance information.
Complete instruction forms for closing and manage data entry for loan transactions.
Conduct pre-closing and post-closing audits to ensure all documents are signed, initialed, and that all closing requirements have been satisfied.
Perform quality control checks of mortgage loans through Meridian Link (LOS) and maintain up-to-date knowledge of all regulatory policies and standards related to this position.
Provide detail-oriented and helpful service that promotes financial discipline through daily interactions, maintaining a professional image and organized workstation.
Promote all services available at BHCCU and assist with member mortgage inquiries as needed.
Complete required annual BSA training to ensure understanding of responsibilities related to Customer Identification Programs (CIP), Currency Transaction Reports (CTR), and Suspicious Activity Reports (SAR).
Create folders for real estate-related products.
Ability to organize and prioritize daily, weekly, and monthly tasks.
Knowledge of loan processing procedures and regulatory compliance.
Excellent communication and interpersonal skills.
Ability to work efficiently and accurately in a fast-paced environment.