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Eglin Federal Credit Union
Fort Walton Beach, FL | Full Time
$38k-48k (estimate)
2 Weeks Ago
Loan Processor
Eglin Federal Credit Union Fort Walton Beach, FL
$38k-48k (estimate)
Full Time | Business Services 2 Weeks Ago
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Eglin Federal Credit Union is Hiring a Loan Processor Near Fort Walton Beach, FL

 
 
Starting Pay: $19.33
Role:
Responsible for processing mortgage portfolio and investor loans. Performs all tasks in accordance with Credit Union policies and procedures and federal regulatory laws.
Essential Functions & Responsibilities:
  • Serves as primary point of contact for members throughout the processing stage. Responsible for building a professional rapport with members, answer questions, return phone calls/emails in a timely manner, and provide status updates on a weekly basis.
  • Communicates with Third-party Service Providers/Realtors and orders all necessary services to complete loan file to include, but not limited to, Appraisal, Title work, WDO Inspection, Survey, Flood Determination, and Verification of Deposit.
  • Reviews mortgage loan file for accuracy /completeness. Requests additional documentation from member and updates to purchase contract, if necessary. Ensures all documentation is in compliance with Freddie Mac and EFCU mortgage loan policies and guidelines.
  • Submits the mortgage loan file to the Underwriter for initial approval. Clears and addresses any stipulations that have been notated.
  • Ensures the accuracy of received title insurance commitments, appraisals, assessment drive-bys, surveys, WDO Inspections, and other services needed to complete the mortgage loan file; all while protecting the interest of EFCU as lienholder.
  • Prepares and re-discloses a changed circumstance Loan Estimate within three business days from the member's request. Ensures that all fees and services are accurately disclosed before sending it out.
  • Submits completed mortgage loan file to the Underwriter for "Clear to Close". Clears and addresses any stipulations that have been notated prior to sending the file to the Loan Closers.
  • Keeps in constant contact with the Loan Closers if there is an upcoming purchase closing. Works to ensure that the Loan Closer has the mortgage loan file in a timely manner.
  • Performs other job-related duties as assigned.
Performance Measurements:
Monitor processing pipeline and ensure timelines are followed.
 Must possess strong verbal and written communication skills.
Must be able to prioritize tasks and pay attention to detail.
Must be able to work unsupervised and have problem solving skills.
Must be able to qualify for and obtain a NMLS ID number.
Must be thoroughly familiar with EFCU computer system and Mortgage LOS system.
Maintain knowledge of Mortgage Regulations and EFCU mortgage policies and procedures.
Knowledge and Skills:
Experience
Three years to five years of similar or related experience. Must be familiar with all EFCU Mortgage Loan products and procedures. Prior Processing or other mortgage experience preferred.
Education
A high school education or GED. Annual review of Federal and State Mortgage Lending Laws and Regulations is required. This includes, but is not limited to, Fact Act, SAFE act, ECOA, HMDA, TILA, and RESPA training.
Interpersonal Skills
Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$38k-48k (estimate)

POST DATE

04/24/2024

EXPIRATION DATE

05/03/2024

WEBSITE

eglinfcu.org

HEADQUARTERS

NICEVILLE, FL

SIZE

<25

FOUNDED

1954

REVENUE

<$5M

INDUSTRY

Business Services

Related Companies
About Eglin Federal Credit Union

Eglin Federal Credit Union has nine branches serving members in and around Okaloosa, Santa Rosa and Walton counties. The Credit Union serves active duty, retired military and local honorably discharged veterans; local civil service employees; employees of many area businesses; members living within our geographic field of membership; and their families. We offer a full range of first-class financial services including auto loans, credit cards and mortgages. Eglin Federal Credit Union is an Equal Opportunity/Affirmative Action Employer - Females/Minorities/Veterans/Disabled. Eglin Federal Credi...t Union is an Equal Housing Lender. Federally Insured by NCUA. More
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If you are interested in becoming a Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Processor for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

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Analyze applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan.

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