Senior Loan Processor

San Francisco Federal Credit Union; San Francisco (CA); On-site; USD 55,000 - 69,000; Full time

Benefits offered by this job

Health insurance

Generous PTO

401(k) Plan

Profit sharing

Bi-annual bonuses

Tuition reimbursement

Job summary

San Francisco Federal Credit Union is seeking a Senior Real Estate Loan Processor in San Francisco. The role focuses on processing conventional and non-conventional mortgage loans, from initial data gathering through underwriting submission to final approval.

The position requires an AA degree with 4+ years of mortgage lending experience, strong regulatory knowledge, and excellent communication skills. Proficiency in ICE/Encompass is preferred, with opportunities for growth and a comprehensive

Qualifications

• AA degree required with 4+ years mortgage lending experience.
• Knowledge of Federal and State laws and mortgage regulators.
• Strong communication skills, both written and verbal.

Responsibilities

• Prepare data and documents to support underwriter decisions from application to final approval.
• Ensure accuracy of loan documents and data input from credit reports to appraisals.
• Identify and escalate potential delays to underwriters/managers to meet closing timelines.
• Communicate loan status clearly with originators, underwriters, and closers.
• Perform other duties as assigned.

Skills

Mortgage lending knowledge

Verbal & written communication

Analytical thinking

Problem solving

Team collaboration

Education

Associates Degree (AA)

Tools

ICE/Encompass

Job description

Job Details

Job Location: Golden Gate - San Francisco, CA 94102

Position Type: Full Time

Salary Range: $40.00 - $50.00 Hourly

Who Are We?

With an “A” health rating and solid year-over-year growth, San Francisco Federal Credit Union’s (SFFedCU) membership is now over 43,000 with assets surpassing $1.3 billion and branches located in San Francisco and San Mateo County. Continuing along it highly successful growth trajectory, SFFedCU is seeking a Senior Loan Processor for our Golden Gate in San Francisco.

The Position

The Senior Real Estate Loan Processor is responsible for delivering an exceptional member experience while processing conventional and non-conventional mortgage loans and lines of credit. This includes all major functions during the loan process including file preparation for underwriting submission, document preparation, tracking and scanning. The position requires data input into the loan origination system from loan origination through final loan approval. The Senior Real Estate Loan Processor communicates on loan status to members, vendors, and any parties involved with the transaction. The Senior Real Estate Loan Processor must be registered and NMLS compliant.

• Prepares the data and supporting documents to support an underwriter’s loan decision on real estate files on the Loan Origination System from application through final loan approval.
• Ensures timely ordering and accuracy of all loan documents and data input from such data sources as credit reports, flood certificates, preliminary title reports, home owners insurance, income documentation, and appraisal reports.
• Seeks out outstanding conditions and sets proper expectations for those conditions to ensure timely loan closing.
• Identifies and escalates potential problems or delays to underwriters and/or managers.
• Communicates clearly and concisely with loan originators, underwriters, and closers.
• Performs other duties as assigned.

Who Are You?

• Requires an Associates Degree (AA) with a minimum of four (4) years mortgage lending experience and customer service.
• Current knowledge of Federal and State laws and regulations to ensure compliance with FHLMC, FNMA, correspondent lenders, and regulators.
• Strong verbal and written communication skills with demonstrated ability to communicate professionally.
• In depth knowledge of lending compliance, credit risk analysis, and pricing.
• Ability to work on own, and in a team environment.
• ICE/Encompass knowledge preferred.
• Demonstrated analytical and critical thinking skills with the ability to complete multiple competing tasks at the same time, while meeting established expectations.
• Strong computer skills, including Windows, Word, Excel, Outlook, Microsoft Office Suite.
• Must possess strong problem-solving skills and ability to identify and resolve problems and issues, and also identify opportunities that can enable members to secure their financial vision.

Why You’ll Love It Here

You’ll work alongside a passionate team in a mission-driven organization, get exposure to executive decision-making, and grow your skills across a broad range of functions. No two days will be the same—and that’s exactly how you like it.

The compensation package includes an excellent benefits program including health insurance plans, generous PTO, 401(k) Plan, profit sharing, competitive base, bi-annual bonuses, as well as tuition reimbursement.

Equal Employment Opportunity

SFFedCU is an Equal Employment Opportunity Employer. In accordance with federal and state laws, SFFedCU does not discriminate in employment because of race, color, religion, sex, national origin, age, physical and mental disability, marital status, pregnancy, childbirth, breastfeeding or related condition, ancestry, medical condition (associated with cancer, a history cancer or genetic characteristics), veteran or military status, sexual orientation, gender, gender identity or gender expression, HIV/AIDS status, genetic information or any other characteristic protected by law.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.