Home Equity Processor

Affinity Federal Credit Union•Basking Ridge, NJ

3d•$50,000 - $55,000•Hybrid

About The Position

Affinity FCU is looking for an experienced, team-player to join our talented Home Equity team in the role of Home Equity Processor. Under general supervision, the Home Equity processor assists the HELOC team during the full cycle of HELOC loan processing from receipt of loan application to final loan documentation process and preparation for funding. This position is HYBRID, with onsite work required a minimum of 1 day per week at our corporate headquarters in Basking Ridge, NJ. Work schedule is 8:30-5pm, Monday through Friday. The starting salary range for a new hire in this role is $50k-$55k. The wage/salary offered to a successful candidate will be dependent on several qualifying factors, including but not limited to: years of relevant experience, years of industry experience, education, etc.

Requirements

Minimum 2 years HELOC or mortgage processing experience is required.
Strong organizational skills and attention to detail.
Working knowledge of HELOC terminology, documentation, lending policies, and guidelines.
Ability to communicate effectively and professionally.

Nice To Haves

Encompass LOS knowledge preferred.

Responsibilities

Processes HELOC applications through disclosures, processing and closing milestones.
Places welcome call and issue Welcome letter/email with disclosures to the borrower informing them of required documentation needed and perform a thorough review of the loan scenario in its entirety, including any closing costs
Manages member contact, keeping members apprised of loan status throughout the process
Maintains integrity and privacy of all member data.
Handles staff inquiries as needed.
Place vendor orders for documents – payoff, appraisal, flood certification, title search, HOI, etc.
Updates all communications with members in the loan origination system
Gather loan data and documents from members while working with HELOC underwriter to ensure that all loan data is accurate and complies with guidelines.
Ensure all documentation received is uploaded into the loan origination system
Reviews title work, searches and judgments for review with member as needed.
Monitors receipt of all third party services and take follow up measures to obtain any missing documentation
Reviews appraisal report to ensure they comply with lending guidelines
Contact all newly approved members to inform them of the required documentation needed to clear the file to close.
Schedule loan closings with borrowers
Ensure closing documents are prepared and review for accuracy
Monitoring the phone system for calls and faxes
Responsible for compliance with all applicable real estate lending regulations, including, but not limited to HOEPA, REG Z, REG B
Maintain appropriate turn-times on all files as dictated by management
All other duties as assigned.