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Real Estate Loan Processor (In Office)
Real Estate Loan Processor (In Office)F&A FEDERAL CREDIT UNION • Monterey Park, CA, US
Real Estate Loan Processor (In Office)

Real Estate Loan Processor (In Office)

F&A FEDERAL CREDIT UNION • Monterey Park, CA, US
10 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

At F&A Federal Credit Union, we are creating exceptional financial opportunities for our members and their families, today, and for generations to come. We proudly serve employees of the LA County Fire Department, Agricultural Commission / Weights & Measures, and local municipal employees and their families. Our mission is to help our members reach their financial goals at every life stage by providing access to the highest value products, superior service, and trusted advice. To really stand out in a constantly changing world, each of us at F&A is values-driven and we share in the responsibility for creating a great workplace. As part of the F&A team, you will enjoy these outstanding benefits :

  • Medical, Dental, Vision, and Life Insurance – 100% of employee premiums are paid by F&A
  • Subsidized medical premiums for dependents
  • Employee Loan Discount Program – even better rates on your home and car loan
  • 401k with employer match up to 3.5%
  • Profit sharing – up to 6% of annual salary is contributed each full calendar year worked
  • Paid time off accrual starting at 4 weeks per year
  • Up to 13 paid holidays
  • Flexible spending accounts for health and dependent care
  • Voluntary plans – additional life insurance available for employee and family
  • Educational assistance program
  • Employee assistance program

Essential Job Responsibilities

The Real Estate Loan Processor is responsible for gathering, reviewing, and packaging documents for real estate mortgage loans that conform to secondary market guidelines. Performs credit qualifications by utilizing secondary market standards and credit union policies and procedures.

  • Assumes responsibility for Real Estate Departments’ regular duties required by business needs.
  • Updates and confirms loan origination system is current relative to loan status, conversation and any communications or documentation received.
  • Review files for accuracy and timelines.
  • Verifies acceptable homeowner and flood insurance coverages.
  • Reviews all incoming mail including, but not limited to, borrower documentation, appraisals, preliminary title reports, homeowner association documentation, mortgage insurance coverage, if applicable, and insurance certificates.
  • Verifies regulatory and / or compliance loan disclosures have been sent to borrowers within the required 3 days of receipt of application.
  • Orders title, escrow, appraisal, verification of employment, and flood certificates.
  • Prepares Revised Loan Estimate (LE) and Change In Circumstances (CIC), if necessary and Closing Disclosure (CD).
  • Completes appraisal checklist to ensure accuracy, once appraisal has been received.
  • Ensure file is complete and ready for documents to be prepared by loan funders.
  • Other duties as assigned.
  • Qualifications

  • High school diploma or general education degree (GED)
  • Three years related experience and / or training in loan processing
  • Has experience with different types of mortgage loans, escrow, and ARM requirements
  • Ability to be bonded and to retain bond ability
  • Knowledge in real estate loan processing procedures and requirements
  • Knowledge of lending principles and procedures and requirements
  • Knowledge of credit union principles and procedures and member service philosophy
  • Knowledge of Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), TRID, and HMDA
  • Intermediate knowledge of Microsoft Office (Word, Excel, PowerPoint, SharePoint, and Outlook
  • Excellent communication and interpersonal skills
  • Exceptional organizational and time management skills
  • Ability to work with others in a courteous, friendly, and professional manner
  • Ability to make decisions with integrity and maintain confidentiality
  • Ability to work independently with minimal supervision
  • Ability to learn proprietary computer software such as Keystone, DocMagic, QuestSoft, and MeridianLink Mortgage
  • Ability to work on a computer for 6-8 hours per day
  • F&A Federal Credit Union is an equal employment opportunity employer. We will consider qualified applicants with criminal histories for employment in a matter consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring (Ban the Box) ordinance. Hourly rate : $25.35 – $31.69 per hour.

    Submitting your resume serves as only an inquiry for employment. If your skills and experience are a good match for the role, you will be asked to complete an official application for employment prior to meeting with us for an interview.

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    Real Estate Loan Processor In Office • Monterey Park, CA, US

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