Real Estate Lending (Mortgage) Processor II

Msgcu•Troy, MI

5d•Hybrid

About The Position

Performs a broad range of real estate processing activities, including receiving, evaluating, and reviewing loan applications. Obtains and verifies necessary information, prepares documents for underwriting and closing review, and communicates loan status to all involved parties. This role involves managing a pipeline of home equity and mortgage loans to ensure timely progression and a seamless member experience, while maintaining accurate, up-to-date notes within loan files for effective communication and to keep members informed of their loan status throughout the process.

Requirements

High school diploma or GED
2 years of mortgage processing experience; or 3 years of relevant real estate lending experience.

Nice To Haves

Federal Housing Administration (FHA) lending experience
Encompass experience

Responsibilities

Verifies loan applications for accuracy, completeness, and compliance.
Ensures all necessary documents (asset documentation, income verification, property valuation, and credit reports) are submitted.
Reviews third-party documents including, title reports, appraisals, purchase agreements, condo documents, surveys, flood certifications, and homeowners insurance.
Follows up with vendors and members to ensure documents are obtained and reviewed in a timely manner.
Prepares member specific disclosures in compliance with federal laws and regulations, including Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (TRID).
Maintains accurate records for Home Mortgage Disclosure Act (HMDA) reporting and ensures all documentation meets regulatory requirements.
Submits applications to underwriting and coordinates with consultants to ensure conditions are resolved.
Schedules and coordinates closings with members, title companies, and realtor after receiving final approval.
Serves as a point of contact for members, team members, and vendors throughout the loan process.
Manages a pipeline of home equity and mortgage loans to ensure timely progression and a seamless member experience.
Maintains accurate, up-to-date notes within loan files to ensure effective communication and keep members informed of their loan status throughout the process.

Benefits

Generous vacation time
Retirement plan contributions
Discounts on loans
Discounts on phone service
Medical, dental and vision on your first day
Health Savings Account (HSA)-eligible medical plan with no monthly premium for you (and your family)
3% contribution from MSGCU to 401(k) for those 21+
100% match for the next 7% contributed to 401(k)
12 paid holidays
Up to 120 hours of PTO your first year of service (pro-rated based on start date)