Real Estate Loan Processor (I,II,Senior)

Credit Union 1 Alaska•Anchorage, AK

1d•$24 - $40•Onsite

About The Position

Credit Union 1 is seeking a detail-oriented and member-focused professional to join our Real Estate Lending team. This role will support the mortgage process from application through closing, aiming to create a smooth, transparent, and positive experience for our members. The ideal candidate is driven by care, approaches challenges with curiosity, and takes pride in doing what's right for our members. This position requires strong communication, collaboration, and organizational skills, as the role involves close interaction with members, employees, and local partners. This position is located on-site at our Abbott Headquarters (1941 Abbott Rd.).

Requirements

High school graduate or equivalent.
Minimum of 1-2 years’ experience in a lending environment (Processor I).
Must be organized, on task, and proactive.
Knowledge and understanding of conforming, nonconforming, and government loans.
Ability to read and comprehend legal documents, instructions, and interpret documents such as credit bureau reports, debt to income ratio reports, policy and procedure manuals.
Ability to solve practical problems and deal with a variety of concrete variables in situations where a considerable amount of standardization exists.
Excellent clerical skills, including typing and operation of the 10-key calculator and computer terminal.
Responsible for abiding and complying with the policy for compliance with the Bank Secrecy Act and anti-money laundering laws and regulations (BSA/AML) and the policy for compliance with office of foreign assets control laws and regulations (OFAC).
Must be registered with the National Mortgage Licensing System or become registered within 90 days of hire.
2-3 years of experience in a lending environment, with at least one year of experience as a Processor (Processor II).
2-3 years of experience in a lending environment, with at least two years of experience as a Processor (Senior Processor).

Nice To Haves

Experience with Mortgagebot is preferred.

Responsibilities

Works with and/or takes direction from the Mortgage Loan Originator to process and close loan files, working together to meet or exceed service level standards and deadlines.
Reviews valuation documents such as appraisals, Broker’s Opinion of Value, or Automated Valuation Models for accuracy and adherence to regulations.
Prepares accurate cost estimates and disclosures as prescribed by Regulation Z and RESPA, ensuring timely delivery to members.
Processes the credit package, monitoring all documentation and disclosures necessary to obtain loan approval.
Prepares requests for verifications from the system, sends them to the necessary entities, and monitors their receipt and validity.
Records appropriate notes in the origination system and CRM and logs all pending documentation into the loan file.
Orders appraisals, automated valuations, broker’s opinion of value, preliminary title reports, open escrow, full credit reports, property verifications, hazard insurance, and flood certificates. Monitors file for receipt of these items and any other necessary information, making follow-up calls to assure receipt. Ensures secure delivery of collateral documentation.
Follows up on all items ordered for a particular loan.
Acquires and follows up on all prior to document stipulations and prior to funding documents.
Clears loan conditions, such as appraisal review and underwriter stipulations, ensuring accurate and timely processing before submission to underwriting.
Answers member inquiries regarding existing loans and general questions about loan programs and other Credit Union 1 products and services.
Assists with writing procedures (Processor II).
Assists with testing and projects (Processor II).
Assists with training (Processor II).
Assists with reporting (Processor II).
Designs process improvements and assists with implementation (Senior Processor).
Assists with GL clearing as needed (Senior Processor).
Collaborates with other departments as needed (Senior Processor).