Current jobs related to Real Estate Loan Processor - Gaylord - Community Financial Credit Union

Welcome to Community Financial Credit Union careers Our organization is constantly evolving, and we strive to offer creative solutions in a challenging hiring market. Our team members play a pivotal role in the success of our organization and pave the way for us to become the best financial partner for our members.

About Us:

Community Financial Credit Union is a full-service financial institution that serves anyone living, working, worshiping, or attending school in Michigan. We are a not-for-profit institution and have been in business for over 70 years

Community Financial HQ is located in Plymouth, MI. We have 14 branches in the Metro Detroit Area well as Northern Michigan.

So, what makes Community Financial innovative and unique? Community Financial is not only the place you want to bank, but it is also a great place to work We’ve been recognized as one of the Regional Best and Brightest Companies for the last 18 years, nationally since 2018, and became certified as a Great Place To Work in 2023.

Our Culture:

At Community Financial, our purpose is to create joy and ignite Michiganders’ impossible dreams. A culture of joy and impossible dreams is a culture of belonging: belonging is the spark. Guided by our values of Relentless Care, Hustle & Grind, and Huzzah, we create a Culture of Belonging where every team member and member feels valued, connected, supported and can be their authentic selves.

Our Opportunities:

We are proud to offer a variety of professional development opportunities for our team members. From mentorships to internal growth programs, Community Financial aspires to provide team members the opportunity to reach their career goals while being their true, authentic self.

About the role:

The Real Estate Loan Processor receives first mortgage and home equity files from Sales, processes the loans, obtains a clear to close, sets up loans, and follows-up on outstanding items or concerns.

Compensation starts at $22.55 per hour for Real Estate Loan Processor I.

The details:

• Balance the two different loan types and varying pipelines to ensure that all loans are completed in a timely manner with a focus on exceptional member service.
• Maintain expertise in each loan type, associated systems, and processes.
• Efficiently manage a pipeline of first mortgages and equity loans and lines within expected turn times provided in annual goals.
• Communicate with members, Sales, vendors, and Underwriting during the entire loan process through closing.
• Collect required documentation from a borrower or third-party to prepare it for underwriting by reviewing the file, reviewing conversation logs, and analyzing the file for missing documentation.
• Act as a liaison between borrower, underwriter, sales, realtors, title companies, and all other parties involved in each transaction.
• Analyze and evaluate documentation provided by borrowers. This includes: ensuring that overall documents are accurate, complete, and compliant; calculating income; and reviewing financial statements, credit reports, applicable ratios, and other supporting documentation for acceptability.
• Ensure that files meet investor guidelines, are complete, and comply with regulations and policies.
• Clear to close equity loan files within defined authority.
• Schedule loan closings and communicate closing information to borrowers, Sales, and vendors.
• Make recommendations for procedural and policy changes to increase efficiency.
• Work with assigned outside sales mortgage originators, including communication and/or paperwork.
• Respond to audit findings. Provide any necessary supporting documents and resolve post close and quality control issues related to loan processing.
• Perform other duties as directed by leadership.

What’s needed:

• High school diploma or equivalent.
• One (1) year of loan processing experience (first mortgage and/or home equity) or related experience in a financial/lending institution.
• Proficiency using Excel and Word

Compensation starts at $24.23 per hour for Real Estate Loan Processor II.

They should have:

• High school diploma or equivalent.
• Three (3) years of loan processing experience (first mortgage and/or home equity) or related experience in a financial/lending institution.
• Proficiency using Excel and Word.

Compensation starts at $26.11 per hour for Real Estate Loan Processor III.

They should have:

• High school diploma or equivalent.
• Five (5) years of loan processing experience (first mortgage and/or home equity) or related experience in a financial/lending institution.
• Proficiency using Excel and Word.

They will also be responsible for:

• Assisting Management in the training of new processing staff (both first mortgage and equity lending skill sets). Provide ongoing coaching. Communicate results with the Manager.
• Handling complex transactions like first mortgage files with a simultaneous second and first mortgage files exceeding $1 million loan amounts with expertise in the rules related to such transactions.
• Processing Construction Draw first mortgage loans and assist/manage the draw phase and transition to amortizing loan engaging outside services and underwriting as needed.

As a team member at Community Financial Credit Union, you’ll enjoy:

• Medical, dental, and vision plans
• Four weeks of PTO for all full-time team members
• Federal Bank Holidays off
• Flexible work options depending on position
• A generous 401k match
• Numerous employee engagement activities
• Community Resource Groups
• Time off for occasions such as volunteering, caregiving, and family events

Contact/application information:

If this description appeals to you, please submit an application A member of CFCU’s Talent Acquisition Team will be in contact with you shortly

Equal Employment Opportunity Policy:

Community Financial Credit Union is an equal opportunity employer (M/F/D/V). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, gender identity or expression, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable Federal, State or local laws.

Disclaimer:

This job posting highlights some of the most critical responsibilities and requirements of the position. There may be additional duties and responsibilities that are not listed above. A Talent Acquisition Specialist will be sure to discuss the role in further detail should your application be selected to move forward.