Loan Processor - Home Loans (NOLA)
About The Position
We are seeking a Loan Processor - Home Loans for the NOLA Home Loan Processing Department. Credit Human has committed to a vision of serving communities by alleviating financial stress and a mission of helping people build, create, and maintain financial slack. Buying and maintaining a home is a source of slack and stability for families. The Home Loan Processor serves an integral role in our mission and the tangible impact on our members. The role of the Home Loan Processor is to follow policies, procedures, and guidelines for Credit Human Home Loans in accordance with Credit Human lending guidelines, secondary market guidelines, and state, and federal regulations. The incumbent must stay abreast of internal lending policies, practices, guidelines, lending systems, and products, as well as the external regulatory and economic environment. If you have financial industry experience working with loan applications, you should apply right away!
Requirements
- Minimum 1 year of financial industry experience working with loan applications.
- Desire and ability to work in a production environment processing mortgage loans.
- Experience with managing a loan pipeline.
- Knowledge of credit and collateral underwriting guidelines and rules and regulations governed by state and federal agencies.
- Knowledgeable in real estate origination, processing, underwriting, and closing principles to include secondary marketing automated underwriting engines.
- Working knowledge of Fannie Mae Guidelines, DU® guidelines and risk assessment tools used to decision mortgage loans.
- High school diploma or equivalent
- Registration as Mortgage Loan Originator (MLO) with National Mortgage Licensing System and Registry.
- Computer skills to include automated underwriting systems, MS Word, MS Outlook, MS Excel, and Fannie Mae’s Desktop Underwriter - DU®.
- Ability to use sound judgment and possess strong decision-making skills.
- Strong analytical, problem solving and audit skills.
- Strong organization skills and results orientation.
- Ability to effectively communicate.
- A strong sense of urgency about solving problems, meeting challenging deadlines and achieving critical goals.
Nice To Haves
- Mortgage processing experience including conventional underwriting a plus.
- Fannie Mae processing experience a plus.
- Basic knowledge of mortgage.
- Bachelor’s degree in business or related field
- NMLS registered
- Encompass Software knowledge
Responsibilities
- Follow procedures to process home loan products efficiently and accurately in a quality consistent with established FNMA, Private Mortgage Insurance, and internal Credit Union guidelines as well as meeting all regulatory requirements including NCUA and CFPB
- Maintain a pipeline of loans and be responsible for the compliant and timely flow of such loans through the process
- Review loan files for completeness upon receipt and update data in the system of record as needed
- Verify the accuracy of all information provided by borrowers at the time of loan application including but not limited to income, assets, employment, liabilities, and residence
- Actively implement an annual individual learning plan for personal and professional growth
Benefits
- Credit Human provides employees with many benefits from insurance coverage to college tuition reimbursement.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
Number of Employees
501-1,000 employees
