Lending Processor (on-site)

Universal 1 Credit Union; Dayton (OH); On-site; USD 42,000 - 54,000; Full time

Job summary

Universal 1 Credit Union in Dayton, Ohio is seeking a Lending Processor to handle back-office lending processing and support, ensuring regulatory compliance and timely data gathering for reports and documents.

The role focuses on processing loans from initiation to disbursement, maintaining escrow, paying taxes and insurance, and providing high-quality member service while meeting production goals and adhering to U1 values.

Qualifications

• High school diploma or equivalent is required.
• 1 year related lending experience required.
• Mortgage processing experience preferred.
• Loan training or certification is preferred.
• Knowledge of mortgage procedures and underwriting criteria helpful.

Responsibilities

• Process loans from initiation to completion ensuring accuracy and regulatory compliance.
• Prepare reports, agreements, letters, and government forms.
• Maintain escrow accounts and handle taxes and homeowners insurance payments.
• Provide high-quality member service and meet production goals.
• Support and mentor colleagues while ensuring timely follow-up on titles and appraisals.

Skills

Well-organized

Attention to detail

Communication skills

Multi-tasking

Analytical skills

Mortgage knowledge

Microsoft Office

Education

High school diploma or equivalent

Loan training certification preferred

College degree preferred

Tools

Mortgage processing software

Microsoft Excel

Job description

POSITION PURPOSE

Responsible for providing back-office lending processing and support effectively and professionally. Gathers data and completes material such as reports, agreements, letters, and required government forms and documents accurately and promptly to ensure regulatory compliance on accounts. Is responsible for providing a high quality of member service to ensure Credit Union established goals are being met. Is aligned with and promotes U1 values.

Universal 1 Credit Union

Job Description

Position Title:

Lending Processor

Department

Lending

Salary Grade

6 (non-exempt)

Status

Non-exempt

Position Reports To

Chief Lending Officer

Positions Supervised

None

POSITION PURPOSE

Responsible for providing back-office lending processing and support effectively and professionally. Gathers data and completes material such as reports, agreements, letters, and required government forms and documents accurately and promptly to ensure regulatory compliance on accounts. Is responsible for providing a high quality of member service to ensure Credit Union established goals are being met. Is aligned with and promotes U1 values.

Essential Functions And Basic Duties

Upholds U1 Values

• Trustworthy
• Focuses on compliance and security by following regulations and U1 Procedures.
• Understands NCUA insurance.
• Follow directions.
• Friendly
• Effective and professional relationships with members and all levels of employees.
• Supports and mentors U1 employees.
• Reliable
• Meet deadlines and respond promptly.
• Other projects/tasks assigned.
• Reports to work as scheduled.
• Assists with training.

Products/Services Support

• Understand all lending products/services offered by U1.
• Handles various reports.
• Coordinate and process loans and ensure each loan is promptly and properly prepared, documented, processed, approved, closed, disbursed, and retained.
• Assists in servicing loans by processing payoffs, refinances, and contact updates.
• Maintains escrow accounts, processes and pays property taxes and homeowners insurance.
• Assumes responsibility for follow-up on still pending titles and appraisals.
• Comply with policies, procedures, and meet federal and state regulations.
• Prepares miscellaneous correspondence and records including mortgage payoffs and releases.
• Performs overall quality control for lending.
• Supports loan area as needed.
• Meets production goals and expectations.

Member Service

• Effectively and professionally assists members and U1 employees by the following:
• Collect information/data.
• Assists with research and resolution.
• Secures and answers questions.
• Reports results to members, employees, vendors, appropriate team members and/or leadership.
• Utilizes all channels of communication such as in person, phone calls, emails, or other electronic tools while maintaining a positive and professional U1 image.

Qualifications

Education/Certification:

• High school diploma or equivalent.
• Loan training and certification are preferred.
• College degree in business related area or an equivalent combination of work experience and training preferred.

Experience Required

• 1 year related experience or lending experience required.
• Previous processing experience in the mortgage field preferred.

Knowledge/Skills/Abilities

• Well-organized with strong attention to detail
• Excellent communication, service, attention to detail, and people skills
• Ability to professionally interact with other members, vendors, departments and personnel
• Ability to multi-task amongst projects
• Strong analytical and financial skills
• Knowledge of mortgage related requirements, procedures, and underwriting criteria
• Understanding of lending procedures and mortgage loan processing functions
• Knowledge of Microsoft Office word processing and spreadsheet applications

WORK ENVIRONMENT/PHYSICAL ACTIVITIES

Work Environment

The work environment described here is representative of those an employee encounters while performing the essential functions of this job. The noise level is usually moderate and typical of those in a typical office or call center.

Physical And Intellectual Demands

Ability to apply logical or scientific thinking to define problems, collect data, establish facts, and draw conclusions. Ability to compute discount, interest, profit, and loss; commission markup and selling price; ratio and proportion and percentage. Able to perform simple algebra. Ability to apply common sense understanding to carry out detailed instructions and to deal with sometimes complex problems. Ability to communicate in complex sentences, using normal word order with present and past tenses, and using good vocabulary. Ability to read a variety of job-related print and electronic materials. Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar.