REAL ESTATE PROCESSOR

ILWU Federal Credit Union; Long Beach (CA); On-site; USD 42,244 - 60,166; Full time

Job summary

ILWU Federal Credit Union in Long Beach, CA is seeking a full-time Real Estate Loan Processor to manage the entire loan cycle from origination to funding. The role requires coordinating documents to comply with policies, regulations and investor guidelines, and may back up other positions as needed.

Hours are Monday–Friday in an on-site setting in the Long Beach HQ. After 90 days of satisfactory employment, the role joins the union bargaining unit.

Qualifications

• Four years of real estate loan origination, processing, and closing experience in a financial institution.
• Strong understanding of loan policies, guidelines, federal and state laws and regulations.
• Working knowledge of credit fundamentals.
• Knowledge of multiple types of loans such as conventional, fixed, adjustable, non-conforming, FNMA and FHLMC, and Home Equity Lines of Credit.
• Must maintain an active registration status with the National Mortgage Licensing System Registry.
• Must be bondable and maintain bondability throughout employment.
• Proficient in Windows, Microsoft Office Suite, and Adobe Acrobat.

Responsibilities

• Assist members with real estate loan inquiries and applications.
• Discuss real estate products with members looking to purchase, refinance, or obtain a second mortgage (HELOC or fixed second).
• Interview applicants and originate loans within current regulatory requirements.
• Coordinate with borrowers, loan officers/underwriters, realtors, service vendors, and insurers to meet underwriting requirements.
• Maintain communication to meet deadlines and ensure processing and closing timeliness.
• Validate member documentation for accuracy and compliance.
• Obtain and review credit reports, title reports, appraisals, mortgage payoffs, verifications, etc.
• Monitor the mortgage process to adhere to company and regulatory guidelines.
• Manage multiple loan pipelines and close loans efficiently.
• Close and disburse loans and export of Real Estate loans.

Skills

Real estate loan processing

Interpersonal & communication

Attention to detail

Time management

Independent work

Education

High School Diploma or equivalent

Tools

Encompass LOS

Windows

Microsoft Office Suite

Adobe Acrobat

Job description

Job Details

Job Location: Long Beach HQ - Long Beach, CA 90807

Salary Range: $37.17 - $37.17 Hourly

Travel Percentage: None

Job Shift: Day

Job Category: Real Estate

Overview

ILWU Credit Union is searching for an experienced full-time Real Estate Loan Processor who will be responsible for working an entire real estate loan cycle from origination through funding. The Processor coordinates all applicable residential loan documentation to complete the loan transaction in accordance with ILWU Credit Union policies and procedures, government regulations and, if applicable, secondary market investor guidelines. This position may be required to back up other positions at the Credit Union as needed. This role is an on-site position located in the Bixby Knolls neighborhood of Long Beach, CA.

Hours for this role are Monday through Friday. This position will become part of a union bargaining unit after 90 days of satisfactory employment.

Essential Responsibilities & Duties

• Assist members with real estate loan inquiries and applications
• Discuss real estate products with members looking to purchase, refinance, or obtain a second mortgage (HELOC or fixed second)
• Interview applicants and originate loans within current regulatory requirements
• Work closely and coordinate with borrowers, loan officers/underwriters, realtors, service vendors (title companies, appraisers, private mortgage insurance companies, etc.), and insurance companies to ensure specific tasks and underwriting requirements are satisfied in a smooth and timely manner
• Maintain constant communication with all applicable parties and ensure all processing and closing deadlines are met
• Validate member documentation for accuracy and compliance
• Obtain and review credit reports, title reports, appraisals, mortgage payoffs, verifications of employment/deposit/mortgage, etc., as needed
• Monitor the mortgage process to ensure adherence to all company and regulatory processes and guidelines
• Manage multiple loan pipelines and perform all duties necessary to complete the efficient processing of real estate loan applications while maintaining high levels of member service
• Troubleshoot title issues, including vesting concerns, liens/encumbrances, and judgements
• Submit loans for underwriting, clear conditions, and prepare all loan documents for closing
• Close and disburse loans
• Process export of Real Estate loans from the loan origination system
• Other duties as assigned

Qualifications

• High School Diploma or equivalent
• Four years of real estate loan origination, processing, and closing experience in a financial institution
• Strong understanding of loan policies, guidelines, federal and state laws and regulations.
• Working knowledge of credit fundamentals
• Knowledge of multiple types of loans such as conventional, fixed, adjustable, non-conforming, FNMA and FHLMC, and Home Equity Lines of Credit
• Must maintain an active registration status with the National Mortgage Licensing System Registry
• Must be bondable and maintain bondability throughout employment
• Must have extensive knowledge and experience with Encompass LOS.
• Proficient in Windows, Microsoft Office Suite, and Adobe Acrobat
• Demonstrate excellent interpersonal and communication skills (verbal and written)
• Ability to work independently while maintaining high productivity and accuracy
• Self-motivated and self-directed
• Excellent time management, organizational skills, attention to detail, and ability to multi-task in a fast-paced environment
• Ability to maintain accuracy and promptly complete duties with a high degree of attention to detail while meeting demanding deadlines
• Ability to take initiative and make decisions within established guidelines
• Ability to focus, comprehend, understand, and follow written and oral instructions
• High level of confidentiality required and ability to protect and adhere to Credit Union privacy guidelines

Work Environment

Most work is performed in an air-conditioned and heated office environment with exposure to basic office equipment and typical moderate office noise.

Physical Demands

The physical demands listed and charted here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

On-the-job time spent in the following physical activities:

• Never 0%
• Occasionally 1-32%
• Frequently 33-65%
• Constantly 66-100%

• Standing
• Walking
• Sitting
• Talking, Hearing
• Feeling, Fingering, Grasping
• Climbing, Balancing
• Crouching, Crawling, Kneeling
• Reaching with Hands and Arms

Required weight be to be lifted or force to be exerted while performing job.

• Up to 10 pounds
• Up to 25 pounds
• Up to 50 pounds
• Up to 100 pounds
• More than 100 pounds

Special vision requirements while performing job

• Looking at CRT
• Color Vision (identify and distinguish colors)
• Peripheral, Depth Perception
• Ability to Adjust Focus