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Temp Real Estate Loan Processor

This is a TEMP to possible perm position. Very strong chance this position will convert to a full time direct hire.

We are looking for a Real Estate Loan Processor to verify and process the information provided by the member on real estate loan applications with conforming limits, refinance and purchase transactions, 1-4 units, owner occupied and non-owner occupied. Assist in training and mentoring newly hired processors.

Pipeline Managed: 35 – 40 Active Applications

ESSENTIAL RESPONSIBILITIES:

  • On refinance and purchases, request escrow instruction, etc, Order Verifications of employment and deposit when applicable.
  • Review and analyze the results obtained by Secondary Market Investors Automated Underwriting Decision systems.
  • Based upon the type of loan being requested, verifies income, cash reserves, credit report, property value and title, source of down payment obtain and review escrow instructions.
  • Complete Loan Origination System Path requirements prior to submitting application for underwriting review and assessment.
  • Contact member a minimum of once a week
  • Return all phone calls promptly
  • Contact members to review loan approval and discuss any outstanding loan approval conditions.
  • Process and analyze real estate documentation and applications fulfilling Turn Time and Productivity requirements designed to satisfy / fulfill member expectations.
  • Process real estate applications according to investor, secondary market, FPCU and regulatory guidelines.
  • Be knowledgeable Investor, Secondary Market, Regulatory and FPCU loan products and underwriting guidelines/standards to ensure all process actions are compliant to establish standards.
  • Review appraisal, preliminary title, credit reports, escrow instructions and verification of employment and deposits when applicable to determine acceptability regarding program parameters.
  • Identify sales opportunities and Cross-sell FPCU products and services
  • Control expenses by ordering the correct items per loan product, avoid duplicate requests.
  • Be solution oriented always identifying ways to improve daily functions.
  • Review and act accordingly to all FPCU Department and Organizational correspondence.

Job Type: Temporary

Pay: $20.00 - $25.00 per hour

COVID-19 considerations:
All interviews are conducted via phone and video. Masks are required in the office, as well as social distancing.

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