Real Estate Loan Processor II

SchoolsFirst Federal Credit Union•Tustin, CA

2d•Onsite

About The Position

Responsible for processing real estate loan applications in compliance with regulations, internal policies, and investor guidelines. Serves as the primary Member contact, ensuring timely communication and accurate documentation to deliver a smooth loan experience. Delivers Exceptional Member Experience: Proactively communicates with Members throughout the loan process, ensuring clarity, transparency, and timely updates. Anticipates Member needs, provides personalized solutions, and resolves issues promptly to create a seamless and positive lending experience. Ensures Compliance with Regulations and Disclosures: Verifies that all required loan disclosures are sent within mandated timelines and accurately explains terms to Members. Manages re-disclosures promptly in accordance with applicable regulations and company policies. Processes and Maintains Loan Files: Processes real estate loan applications in compliance with internal lending policies, SOPs, product matrices, and investor guidelines. Keeps the LOS system up to date with status changes, conversations, and documentation. Coordinates Funding and Closing Activities: Works closely with closing teams, settlement agents, and Members to ensure all pre-document and loan conditions are satisfied prior to funding. Manages Member Communication and Third-Party Follow-Up: Serves as the primary point of contact for Members, provides timely updates on loan status, reviews conditions, and coordinates with escrow and real estate agents. Follows up on third-party services such as appraisal, title, escrow, and mortgage insurance to ensure timely completion. Reviews and Validates Documentation: Reviews all incoming documentation, including Member conditions, appraisals, title reports, HOA documents, and insurance certificates in a timely manner. Adheres to Department Standards and Best Practices: Applies departmental best practices, meets turnaround times from submittal to funding, and maintains current knowledge of policies and procedures through regular review. Evaluates and Resolves Loan Issues: Identifies new Member concerns and provides solutions to ensure a positive experience, escalating decisions to management when necessary. Additional Job Functions Performs other duties as assigned Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions.

Requirements

High School Diploma or GED required
1-3 years of prior related experience required
Register with the Nationwide Mortgage Licensing System and Registry as a mortgage loan originator in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act (the "SAFE Act") when applicable required
If not previously involved in real estate lending, must have completed relevant internal or external training courses pertaining to real estate lending.

Responsibilities

Processing real estate loan applications in compliance with regulations, internal policies, and investor guidelines.
Serving as the primary Member contact, ensuring timely communication and accurate documentation.
Proactively communicating with Members throughout the loan process, ensuring clarity, transparency, and timely updates.
Anticipating Member needs, providing personalized solutions, and resolving issues promptly.
Verifying that all required loan disclosures are sent within mandated timelines and accurately explaining terms to Members.
Managing re-disclosures promptly in accordance with applicable regulations and company policies.
Processing real estate loan applications in compliance with internal lending policies, SOPs, product matrices, and investor guidelines.
Keeping the LOS system up to date with status changes, conversations, and documentation.
Coordinating funding and closing activities, ensuring all pre-document and loan conditions are satisfied prior to funding.
Serving as the primary point of contact for Members, providing timely updates on loan status, reviewing conditions, and coordinating with escrow and real estate agents.
Following up on third-party services such as appraisal, title, escrow, and mortgage insurance to ensure timely completion.
Reviewing all incoming documentation, including Member conditions, appraisals, title reports, HOA documents, and insurance certificates in a timely manner.
Applying departmental best practices, meeting turnaround times from submittal to funding, and maintaining current knowledge of policies and procedures.
Identifying new Member concerns and providing solutions, escalating decisions to management when necessary.
Performing other duties as assigned.
Complying with regulatory compliance and assigned training requirements.