Overview
About MCU : At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people. Mission : To help hard-working New Yorkers build better tomorrows.
Vision : Be New York's most loved financial institution by helping our members build their best financial futures. Overview: Role and Responsibilities
The Loan Opener is responsible for reviewing loan applications, ensuring required documentation has been received, and assisting in the preparation of mortgage loans for processing. The role requires familiarity with TRID regulations. The Loan Opener prepares and sends out the Loan Estimate and all applicable disclosures within the three-day regulation to the members, and orders all third-party reports for the file. The incumbent establishes loan files and orders documentation required to process loans. He/She is accountable for the accuracy and completeness of all loan documentation under general supervision in accordance with established policies and procedures. Responsibilities
Review residential mortgage loan applications and documents within the loan origination system, including an executed loan application, credit report, tax returns, income statements, fully executed purchase contract (as applicable), mortgage statement (as applicable), complete income calculator, and related items. Input and update data into loan origination systems and ensure file integrity. Order all third-party reports: flood certification, USPS address verification, and fraud reports. Prepare the Loan Estimate by obtaining recording fees, transfer taxes, mansion tax (if applicable), and any other fees to be disclosed to the borrower. Review the entire file for accuracy and compliance in LOS and assign the loan to the Processor. Assign the loan to the MCU bank attorney in a round-robin scheme. Generate and ensure timely generation of all required documentation. Work with the assigned Mortgage Loan Officer and loan processor to resolve file discrepancies to ensure timely rate locks, compliance, and loan delivery. Manage an assigned pipeline of loans. Update general comments in loan notes with all activity on the loan. Maintain a high level of member service by proactive communication with members, attorneys, title company representatives, and staff. Interact with outside vendors and service providers to facilitate the loan process. Perform other related duties as requested and participate in special projects as assigned. Requirements
Bachelor’s degree or equivalent work experience. Knowledge of Fannie Mae, FHA, and other secondary market guidelines. Knowledge of TRID, Appendix Q, RESPA, MDIA, HMDA, TILA, ECOA, FCRA, and Fair Lending. Excellent problem solving skills. Strong written and verbal communication skills. Ability to effectively prioritize tasks and meet deadlines. Flexible and adaptable in a changing environment. Ability to work overtime when required. Proficiency in Microsoft Office Suite. Strong PC skills. Familiarity with MortgageBot and DocMagic is a plus but not required. Self-motivated with ability to communicate within a team to solve issues and drive results, positive attitude. Attention to detail and strong organizational skills. Ability to perform in a high-volume environment and maintain quality while meeting deadlines. Technologically proficient. Knowledge of all TRID guidelines and regulations. Why you'll be a good fit
Our core values guide who we are and who we hire. To be a great fit, you should align with our values and bring the following: Results
- We are passionate about winning. Agility
- We anticipate, respond, and pivot to ensure MCU wins. Integrity
- We operate with the highest ethical standards and honesty. Belonging
- We cultivate a culture of inclusion and teamwork. Ownership
- We take responsibility and hold ourselves accountable for results. What we can offer you
Competitive Compensation, Medical And Dental Benefits . 401K with employer contribution. Flexible paid time off. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location. Incentives and/or benefits packages may vary depending on the position. Equal Opportunity Employer . Municipal Credit Union provides equal employment opportunities to all employees and applicants and prohibits discrimination and harassment of any type. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.
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About MCU : At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people. Mission : To help hard-working New Yorkers build better tomorrows.
Vision : Be New York's most loved financial institution by helping our members build their best financial futures. Overview: Role and Responsibilities
The Loan Opener is responsible for reviewing loan applications, ensuring required documentation has been received, and assisting in the preparation of mortgage loans for processing. The role requires familiarity with TRID regulations. The Loan Opener prepares and sends out the Loan Estimate and all applicable disclosures within the three-day regulation to the members, and orders all third-party reports for the file. The incumbent establishes loan files and orders documentation required to process loans. He/She is accountable for the accuracy and completeness of all loan documentation under general supervision in accordance with established policies and procedures. Responsibilities
Review residential mortgage loan applications and documents within the loan origination system, including an executed loan application, credit report, tax returns, income statements, fully executed purchase contract (as applicable), mortgage statement (as applicable), complete income calculator, and related items. Input and update data into loan origination systems and ensure file integrity. Order all third-party reports: flood certification, USPS address verification, and fraud reports. Prepare the Loan Estimate by obtaining recording fees, transfer taxes, mansion tax (if applicable), and any other fees to be disclosed to the borrower. Review the entire file for accuracy and compliance in LOS and assign the loan to the Processor. Assign the loan to the MCU bank attorney in a round-robin scheme. Generate and ensure timely generation of all required documentation. Work with the assigned Mortgage Loan Officer and loan processor to resolve file discrepancies to ensure timely rate locks, compliance, and loan delivery. Manage an assigned pipeline of loans. Update general comments in loan notes with all activity on the loan. Maintain a high level of member service by proactive communication with members, attorneys, title company representatives, and staff. Interact with outside vendors and service providers to facilitate the loan process. Perform other related duties as requested and participate in special projects as assigned. Requirements
Bachelor’s degree or equivalent work experience. Knowledge of Fannie Mae, FHA, and other secondary market guidelines. Knowledge of TRID, Appendix Q, RESPA, MDIA, HMDA, TILA, ECOA, FCRA, and Fair Lending. Excellent problem solving skills. Strong written and verbal communication skills. Ability to effectively prioritize tasks and meet deadlines. Flexible and adaptable in a changing environment. Ability to work overtime when required. Proficiency in Microsoft Office Suite. Strong PC skills. Familiarity with MortgageBot and DocMagic is a plus but not required. Self-motivated with ability to communicate within a team to solve issues and drive results, positive attitude. Attention to detail and strong organizational skills. Ability to perform in a high-volume environment and maintain quality while meeting deadlines. Technologically proficient. Knowledge of all TRID guidelines and regulations. Why you'll be a good fit
Our core values guide who we are and who we hire. To be a great fit, you should align with our values and bring the following: Results
- We are passionate about winning. Agility
- We anticipate, respond, and pivot to ensure MCU wins. Integrity
- We operate with the highest ethical standards and honesty. Belonging
- We cultivate a culture of inclusion and teamwork. Ownership
- We take responsibility and hold ourselves accountable for results. What we can offer you
Competitive Compensation, Medical And Dental Benefits . 401K with employer contribution. Flexible paid time off. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location. Incentives and/or benefits packages may vary depending on the position. Equal Opportunity Employer . Municipal Credit Union provides equal employment opportunities to all employees and applicants and prohibits discrimination and harassment of any type. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.
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