Residential Loan Servicer

Hanscom Federal Credit Union•Littleton, MA

3d•$22 - $28•Hybrid

About The Position

It’s an exciting time to be at Hanscom Federal Credit Union! As a member of our Residential Lending Department, you will join a dynamic team of purpose-driven individuals committed to delivering exceptional service to our members. Hanscom Federal Credit Union values members-first, integrity, teamwork, innovation, and empathy. Members are their top priority, and they make business decisions with members at the top of mind. They are honest and committed to doing what’s best for their members and the company. They believe they are in this together and all benefit from their success. They identify new ideas for processes or products that will lead to positive changes and take the initiative to implement the changes. They understand that communication starts by listening, understanding diverse perspectives, and caring about others’ sustained success.

Requirements

Strong desire to work in a purpose driven organization
A minimum of 1 - 3 years of similar or related experience, including preparatory experience.
Knowledge of mortgage and consumer loans, specifically home equity loans, preferred.
A high school degree or equivalent.
Courtesy and tact are essential elements of the job. Work involves personal contact with customers and others inside and outside the organization, generally regarding fairly routine matters for the purposes of giving and obtaining information or instructions, updating or referring. Communications require shorter and not in-depth discussions most of the time.
Must be detail oriented and have strong organizational, computer and member service skills.
Required to have a working knowledge of real estate documentation and lien instruments.
Must be authorized to work in the US

Responsibilities

Provides prompt, efficient and professional service to all members, attorneys, and other institutions regarding all Residential and Home Equity Loans.
Responds to all members, attorneys and other institutions inquiries for payoffs, including the more difficult Umbrella Loan product, past discharges, payments, subordinations, modifications, address changes and ordering home equity checks.
Performs Quality Control on APR calculations for weekly interest rate changes, verify website, Mortgagebot and XP2 to ensure rates are correct. Assist manager with the monthly ARM adjustments and FNMA remittances. Ensures notices are issued on a timely basis for loan billing and late payments.
Responsible for processing subordinations and rate modifications, both external and internal requests for all Residential and Home Equity loans, submit request to Sr. Management for review and approval. Maintains a log for all past and present Subordinations and Rate modification requests.
Submit all Home Equity Loan mortgages to the appropriate Registry of Deeds for recording to ensure and protect the Credit Union’s interest in the property. Actively research and follow up on mortgages not returned as recorded and update log. Maintain a working knowledge of each registry’s on-line process to search deeds, trust documents and mortgages in a multi-state lending environment. Maintain procedure for tracking information about each registry, with respect to addresses, fees, requirements and changes.
Prepare and process discharges for all Residential and Home equity loans. Obtain required approval signatures and process discharge fees as needed. Maintain a log to accurately track discharges sent and returned when recorded. Process closing costs from member’s accounts as required.
Maintain the Home Equity filing system for both existing and closed Home Equity loans and lines and process the monthly closed loan report. Responsible for the record retention and sending of closed Home Equity files for archiving.
Backs off payments, answers loan payment questions, addresses issues and corrects errors as needed.
Assist in maintaining taxes and private mortgage insurance escrow information, remitting payments to appropriate parties and responding to member inquiries relating to their escrow accounts.
Handle transfer of mortgage loans from the mortgage processing system to the mortgage servicing system. This includes verifying all member information, rates, terms and payment options are correct. Assign loans to the proper FICS category to ensure they are serviced properly and pooled correctly.
Monitor force placed insurance. Upload insurance policies on new loans, as well as on loans that were missing insurance documentation. Acts as point person for Flood Zone related questions, and tracks within the system. Maintains flood log and uploads weekly file to the vendor.
Completes weekly HELOC rate survey and updates website.
Serves as back-up to QC group when workload dictates. Assists with obtaining document corrections from appropriate parties in order to perfect the Credit Union’s lien.
Perform other related duties as required.