Residential Lending Loan Processor

Stanford Federal Credit Union•Palo Alto, CA

About The Position

Residential Lending Loan Processor Opportunity at Stanford Federal Credit Union! We’re on a mission to improve financial lives! If you’re a high-energy, compassionate, and collaborative individual with a desire to make a difference, we encourage you to consider joining our SFCU team! Members really do come first at Stanford FCU because we’re non-profit and owned by our members. Our members work for Stanford University or some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry. Stanford FCU is a $4.5 billion company with a global reach of over 95,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives!

Requirements

Associate degree (A.A) is desirable or some college and/or 2-3 years of related work experience
Minimum 1-3 years of experience originating and/or processing conventional mortgages
Working knowledge of industry related TRID/HMDA/CFPB regulations and requirements
Working knowledge of FNMA lending guidelines
Strong pipeline management skills
Working knowledge of various Loan Origination Systems
Ability to effectively multi-task and process a large volume of work
Working knowledge and comprehension of financial mathematical skills and ability to perform needed calculations

Nice To Haves

Credit Union work experience highly desirable but not necessary

Responsibilities

Process incoming mortgage loans from initial application to funding.
Duties include but not limited to ordering appraisal and title reports, requesting documents from members and verifying document data for accuracy, providing loan status updates, and effectively managing daily pipeline reports in order to prioritize workload and meet transaction deadlines.
Additional duties include preparation of loan documents upon receipt of final approval and working closely with other team members in order to provide outstanding service to our valued members.
Daily communication with Members and internal staff
Other duties as assigned, in order to support the residential lending team.
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act and the Office of Foreign Assets Control

Benefits

100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents
Employer 401(k) matching up to 5% plus additional annual discretionary contributions
Education reimbursement up to $5,200/year
Employee recognition program with cash incentives
Commuter Toll reimbursement $100-$200/month (based on position)
Wellness Benefits up to $1,200 per year
Paid Sick Time accrues at two weeks per year
Paid Vacation Time accrues at three weeks per year
Paid Federal banking holidays (approximately 11 per year)
Ongoing training and education, seminars, and conferences
Loan rate discounts on some products (vehicle, mortgage and HELOC loans)
Waived fees and deposit bonuses on Stanford FCU accounts
Flex health/transit plan availability
Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources