Real Estate Lending Processor

FreeStar Financial Credit Union is looking for a dynamic and passionate professional to join our Real Estate Lending Department. If you love to use your administrative and service skills to serve our members and maintain loan compliance, this could be the role for you! Job Location: Sterling Heights Days: Monday Thru Friday with occasional Saturdays Hours: 8 AM - 5 PM Salary: $20/Hr Benefits: 3 weeks PTO available in the first year 401k with up to a 6% match Up to a 5% year-end bonus Position Purpose The primary purpose of a Real Estate Lending Processor is to assist FreeStar Financial Credit Union in fulfilling our mission to positively impact the lives of our members, team members, and community through making meaningful connections and progressive financial solutions. What You’ll Do Input all real estate lending applications into the correct origination system (HELOCs vs. First Mortgage applications). Receive mortgage applications from all origination sources, review information, and ensure that a complete application is obtained. Update member records and contact members as needed to obtain missing information. Prepare the application for the mortgage loan officers to make a decision, ensuring that the loan meets policy guidelines, rate accuracy, and other important details so that loan officers have sufficient information. Act as one of the primary contacts for members and originators, keeping all parties informed of the status of the file throughout the application process (within privacy guidelines) and maintain tracking and conversation logs. Obtain and review all necessary documentation from the borrower as required in the loan process type or as directed by underwriting such as pay stubs, asset documents, letters of explanation, etc., and review the information received to ensure it is complete. Assemble the fully documented file and forward it to underwriting for a credit evaluation. Schedule closings and inform members of any additional documentation needed for approval and/or closing. Create and review closing documents for accuracy and conduct mortgage closings. Meet monthly required standards for loan closings as established by management. Interview members for purchase/refinance mortgages and obtain all required documentation as necessary. What You’ll Bring High School Diploma or equivalent. Minimum of two years of similar or related experience in the financial industry. Must have knowledge of various federal regulations and the responsibilities relating to each act: Right to Financial Privacy Act, Regulation C (Home Mortgage Disclosure Act – HMDA), Regulation CC (Funds Availability), Regulation Z (Truth in Lending), Bank Secrecy Act (BSA), SAFE Act. What You’ll Get Working at FreeStar Financial Partner with a talented team helping to provide financial solutions to our members! Be part of an environment where our service to each other is just as important as our service to our members! A wonderful opportunity to expand your skillset and develop professionally! Join a Credit Union culture that makes an impact in the community! Join an organization which appreciates and promotes having balance in your life! A competitive compensation structure which rewards the contributions of our team members! #J-18808-Ljbffr FreeStar Financial