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Real Estate Lending (Mortgage) Processor II

Michigan Schools and Government Credit Union · Troy, MI · 2 wk ago
Finance$24/hrFull-time

Overview of Responsibilities

Performs a broad range of real estate processing activities, including receiving, evaluating, and reviewing loan applications. Obtains and verifies necessary information, prepares documents for underwriting and closing review, and communicates loan status to all involved parties.

Documentation Requirements

Reviews third-party documents including, title reports, appraisals, purchase agreements, condo documents, surveys, flood certifications, and homeowners insurance. Follows up with vendors and members to ensure documents are obtained and reviewed in a timely manner. Ensure Regulatory Compliance: Prepares member specific disclosures in compliance with federal laws and regulations, including Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (TRID). Maintains accurate records for Home Mortgage Disclosure Act (HMDA) reporting and ensures all documentation meets regulatory requirements.

Coordination with Underwriting and Closing

Schedules and coordinates closings with members, title companies, and realtor. After receiving final approval.

Interdepartmental Communication and Collaboration

Serves as a point of contact for members, team members, and vendors throughout the loan process. Manages a pipeline of home equity and mortgage loans to ensure timely progression and a seamless member experience. Maintains accurate, up-to-date notes within loan files to ensure effective communication and keep members informed of their loan status throughout the process.

Core Competencies

  • Member Focus: Uses effective listening skills to gain insight into the needs of members in order to ensure an efficient real estate lending experience.

  • Action Oriented: Takes on new opportunities and tough challenges with a sense of urgency and enthusiasm. Possesses strong organizational skills and the ability to prioritize multiple responsibilities simultaneously in a fast-paced environment.

  • Communicates Effectively: Effectively communicates the real estate loan process to audiences with different needs and abilities.

  • Instills Trust: Builds relationships and gains the confidence of others by modeling honesty, integrity, authenticity, and behaviors that align with organizational values. Exemplifies courage by stepping up to address difficult issues.

  • Self-Development: Actively seeks new ways to grow and be challenged using formal and informal development channels.

Education And Experience Requirements

  • A high school diploma or GED;

  • Either 2 years of mortgage processing experience; or 3 years of relevant real estate lending experience.

  • Federal Housing Administration (FHA) lending experience and Encompass experience preferred.

Working Conditions

  • Office and branch location environment with little discomfort from noise, extreme temperature, dust, or other factors.

  • Occasionally required to travel throughout MSGCU's service area as business needs require.

  • Exposed to potentially hazardous conditions, such as robbery.

Compensation And Benefits

  • Competitive salaries are just the starting point for MSGCU team members. We also champion our team members with generous vacation time, retirement plan contributions and discounts on loans and phone service also come with the job.

  • Base hourly pay begins at $24/hour

  • Medical, dental and vision on your first day!

  • You can choose the most generous Health Savings Account (HSA)-eligible medical plan with no monthly premium for you (and your family)

  • If you are at least 21 years old, you will receive a 3% contribution from MSGCU, and a 100% match for the next 7% you contribute to your 401(k)

  • You will enjoy 12 paid holidays and up to 120 hours of PTO your first year of service (pro-rated based on start date)

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