Home Equity Loan Processor
| Company | BECU |
|---|---|
| Location | Washington, USA, Oregon, USA, Texas, USA, South Carolina, USA, Georgia, USA, Arizona, USA, Idaho, USA |
| Salary | $25.67 – $31.3 |
| Type | Full-Time |
| Degrees | Associate’s |
| Experience Level | Junior |
Requirements
- Associate’s degree in Business or equivalent work and/or educational experience required.
- Minimum of one year in Home Equity or Mortgage Lending.
- Thorough understanding of real estate lending practices, including federal and state regulations.
- Knowledge of RESPA, HMDA, Fair Lending, ECOA, and HUD regulations.
- Proficiency in verbal and written communication to deliver exceptional customer service.
- Must comply with Safe Act legislation, requiring annual registration as a Mortgage Loan Originator (MLO).
- Full-time hours with flexibility for additional hours as needed.
Responsibilities
- Analyze and review documentation such as title searches, appraisals, income verification documents, and insurance binders to assess credit and collateral acceptability.
- Work collaboratively with members, branch staff, and underwriters to satisfy all underwriting conditions and obtain final loan approval.
- Ensure applications are complete, properly scored in the Loan Origination System, and meet all accuracy standards prior to closing.
- Communicate with external vendors to clear any outstanding collateral conditions and facilitate timely loan closures.
- Manage multiple loans at various stages while handling inquiries from members and staff.
- Contact members and escrow companies to negotiate final terms and coordinate signing appointments.
- Maintain a deep understanding of BECU’s Home Equity Loan pricing structure to offer optimal solutions.
- Deliver prompt, professional, and courteous service, ensuring that member inquiries and concerns are resolved effectively.
- Educate members on BECU’s financial products and services to enhance their financial well-being.
- Perform other duties as assigned to contribute to team success.
Preferred Qualifications
- Analytical and problem-solving skills to ensure loan accuracy and compliance.
- Comfortable managing multiple loans simultaneously in a fast-paced environment.
- Passion for providing outstanding service and financial guidance to members.
- Familiarity with loan origination systems and financial software.