Mortgage Lending Intern
TENNESSEE VALLEY FEDERAL CREDIT UNI, Chattanooga, Tennessee, United States, 37450
Mortgage Lending Intern
Position Type: Seasonal Job Shift: M - F 8:00 - 4:45 Category: Real Estate Job Summary: The primary goal of the Mortgage Lending Intern will be to introduce students to the various steps and processes of a mortgage loan from the selection of a property to closing, learning the differences in basic mortgage products, income calculations and requirements; while also helping the team with various tasks. This will be accomplished by job shadowing, assisting with various tasks, reviewing documents, and doing ratio calculations used in the approval process. The intern will also spend time with the servicing department to see what happens after a mortgage is closed. Essential Duties and Responsibilities: Review loan records for activity, loan maturity and accuracy. Compare hard copy files to electronic records to help identify new loan opportunities. Review sales contracts, mortgage credit reports, flood certifications, appraisals, title work, tax returns, and closing package documents. Work with loan officer assistants and loan processors in the day-to-day follow up required to track outstanding items from third party providers in relation to obtaining loan approval. Calculate Debt to Income (DTI) and Loan to Value Ratios (LTV). Take online classes to get additional understanding on mortgage basics. Maintain knowledge of branch operations by completing Deposit Regulation and Product and Service Certification courses. Proactively demonstrate the TVFCU core values of integrity, honesty, flexibility, teamwork, leadership, accountability and strong relationships in every interaction with members. Perform other duties as assigned. Educational and Work Experience Requirements: The TVFCU Internship Program aims to expand career pathways for undergraduate students interested in business-related fields including Accounting, Economics, Finance, Marketing, Human Resources, IT, and related areas particularly for those who may have had limited exposure to opportunities in the financial services industry. This program is part of our commitment to supporting emerging talent and building a strong, diverse pipeline that reflects the communities we serve. Candidates must be 18 years of age Minimum 2.75 GPA on a 4.0 scale (must provide transcripts) Currently enrolled in an accredited college or university Rising sophomores, juniors, and seniors working toward a Bachelor's degree in Business or a related field Able to commit to the full internship of 10 weeks (weekends may be required) If you are considered for an offer of employment at TVFCU, you must successfully complete a pre-employment screen that includes: Verification of education, employment and other pertinent data included on your employment application, and eligibility to work in United States. Criminal background check and drug screening. Pre-employment credit check required Pre-employment screening helps TVFCU provide a safe environment for our members and employees, minimize risk, and ensure federal compliance.
Position Type: Seasonal Job Shift: M - F 8:00 - 4:45 Category: Real Estate Job Summary: The primary goal of the Mortgage Lending Intern will be to introduce students to the various steps and processes of a mortgage loan from the selection of a property to closing, learning the differences in basic mortgage products, income calculations and requirements; while also helping the team with various tasks. This will be accomplished by job shadowing, assisting with various tasks, reviewing documents, and doing ratio calculations used in the approval process. The intern will also spend time with the servicing department to see what happens after a mortgage is closed. Essential Duties and Responsibilities: Review loan records for activity, loan maturity and accuracy. Compare hard copy files to electronic records to help identify new loan opportunities. Review sales contracts, mortgage credit reports, flood certifications, appraisals, title work, tax returns, and closing package documents. Work with loan officer assistants and loan processors in the day-to-day follow up required to track outstanding items from third party providers in relation to obtaining loan approval. Calculate Debt to Income (DTI) and Loan to Value Ratios (LTV). Take online classes to get additional understanding on mortgage basics. Maintain knowledge of branch operations by completing Deposit Regulation and Product and Service Certification courses. Proactively demonstrate the TVFCU core values of integrity, honesty, flexibility, teamwork, leadership, accountability and strong relationships in every interaction with members. Perform other duties as assigned. Educational and Work Experience Requirements: The TVFCU Internship Program aims to expand career pathways for undergraduate students interested in business-related fields including Accounting, Economics, Finance, Marketing, Human Resources, IT, and related areas particularly for those who may have had limited exposure to opportunities in the financial services industry. This program is part of our commitment to supporting emerging talent and building a strong, diverse pipeline that reflects the communities we serve. Candidates must be 18 years of age Minimum 2.75 GPA on a 4.0 scale (must provide transcripts) Currently enrolled in an accredited college or university Rising sophomores, juniors, and seniors working toward a Bachelor's degree in Business or a related field Able to commit to the full internship of 10 weeks (weekends may be required) If you are considered for an offer of employment at TVFCU, you must successfully complete a pre-employment screen that includes: Verification of education, employment and other pertinent data included on your employment application, and eligibility to work in United States. Criminal background check and drug screening. Pre-employment credit check required Pre-employment screening helps TVFCU provide a safe environment for our members and employees, minimize risk, and ensure federal compliance.