REAL ESTATE LOAN PROCESSOR I

MULTIPLI FEDERAL CREDIT UNION•Columbia, MO

About The Position

To assist loan originators and members with their loan applications; process and make loan disbursements. Essential Functions & Responsibilities: Reviews residential loan application files to verify that application data is complete and meets bank standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment. Calls specified companies to obtain property abstract, survey, and appraisal; informs supervisor of discrepancies in title or survey. Calls or writes credit bureau and employer to verify accuracy of information. Types loan application forms; submits mortgage loan application files for underwriting approval. Prepares and mails approval and denial letters to applicants. Records data on status of loans, including number of new applications and loans approved, canceled, or denied. Performs other related duties as assigned. Performance Measurements: Produce loan documents, reports, and new accounts in a timely fashion, with zero unresolved errors. Accurately prepare file for underwriting. Accurately close, organize and complete member loan files. Provide friendly, accurate, professional service to members and associates by responding to messages and correspondence. Meet or exceed the minimum established individual goals each month. Develop and maintain knowledge of all mortgage products and rates within the credit union and from the mortgage industry. This Job Description is not a complete statement of all duties and responsibilities comprising the position.

Requirements

One year to three years of similar or related experience.
A high school education or GED.
Must have good communication skills
Ten key calculator, typewriter and keyboard skills.
Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation.
Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Responsibilities

Reviews residential loan application files to verify that application data is complete and meets bank standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
Calls specified companies to obtain property abstract, survey, and appraisal; informs supervisor of discrepancies in title or survey.
Calls or writes credit bureau and employer to verify accuracy of information.
Types loan application forms; submits mortgage loan application files for underwriting approval.
Prepares and mails approval and denial letters to applicants.
Records data on status of loans, including number of new applications and loans approved, canceled, or denied.
Performs other related duties as assigned.
Produce loan documents, reports, and new accounts in a timely fashion, with zero unresolved errors.
Accurately prepare file for underwriting.
Accurately close, organize and complete member loan files.
Provide friendly, accurate, professional service to members and associates by responding to messages and correspondence.
Meet or exceed the minimum established individual goals each month.
Develop and maintain knowledge of all mortgage products and rates within the credit union and from the mortgage industry.