Real Estate Loan Processor I

About the position

The position involves processing mortgage applications, obtaining, verifying, and documenting all necessary information. The role requires submitting applications to underwriting for decision-making and preparing all closing documents for delivery to the title company, ensuring that Meritrust's lien position is secured.

Responsibilities

• Serve as the point of contact for members, realtors, title companies, and all areas related to Real Estate Lending.
• Provide unsurpassed support for both internal and/or external customers.
• Process all mortgages in a thorough, efficient, and timely manner.
• Coordinate closings between the Member, Title Company, and Realtor.
• Prepare and deliver accurate closing documents to the title company in a timely manner.
• Deliver mortgages to the secondary market in a way that prevents potential loss and increases income.
• Ensure that documents, including the mortgage note, are delivered to the secondary market in a timely manner to mitigate any loss to The Credit Union.
• Conduct post-closing activities on all files, verifying completeness and accuracy of all data.
• Cross-sell Meritrust products and services.
• Process mortgage loans; order and review title searches, title opinions, appraisals, flood certificates, credit reports, and all other related documents necessary to ensure legal and procedural/policy compliance requirements are met.
• Satisfy any requirements mandated by The Loan Prospector Automated Underwriting System.
• Submit loan packet to underwriter for approval and clearing of all requirements.
• Clear all conditions required by the underwriter as applicable.
• Prepare and obtain all closing documents for delivery to the title company for closing, assuring Meritrust requirements are met.
• Work directly with the Secondary Marketing Representative to lock rates for mandatory delivery to the Secondary Market.
• Conduct post-closing activities on all secondary and portfolio files, including verifying for completeness and accuracy, execution of note assignment to investor.
• Contribute to the team effort to ensure Meritrust meets company-wide goals and the Strategic Plan annually.
• Provide quality member service by protecting confidential personal data.
• Present a positive image of the credit union through a professional appearance and courteous attitude.
• Demonstrate excellent oral/written communication and problem-solving skills.
• Maintain a working knowledge of computer programs including Microsoft Word and Excel.

Requirements

• High School Diploma or equivalent.
• Two to four years of member service experience.
• One to three years of mortgage-lending experience.