Home Equity Processor
Affinity Federal Credit Union, Basking Ridge, NJ, United States
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.
WORK TYPE AND SCHEDULE: 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.
ESSENTIAL DUTIES AND 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.
EDUCATION and/or EXPERIENCE REQUIREMENTS
Minimum 2 years HELOC or mortgage processing experience is required.
Strong organizational skills and attention to detail.
Encompass LOS knowledge preferred.
MINIMUM QUALIFICATIONS
Working knowledge of HELOC terminology, documentation, lending policies, and guidelines.
Ability to communicate effectively and professionally.
Affinity strives to maintain balance between our employees’ personal and professional responsibilities. All full-time employees receive a highly competitive and multi-faceted Total Rewards package including competitive pay, target incentive, full medical/dental/prescription coverage, 401(k) plan, profit sharing, and generous paid time off. As an Affinity employee you are eligible for discounts on our products and services, access to our fitness center and employee café, earn paid time off for volunteering, and much more. In addition to these benefits, Affinity provides extensive educational and developmental opportunities as well as access to our formal Tuition Assistance Program. Explore career opportunities with Affinity and “Belong to Something Better.”
Affinity Federal Credit Union is an Equal Opportunity Employer
Affinity FCU is committed to creating an inclusive culture and an employment experience that values diversity. Our culture is built on respect - one that recognizes and values the unique talents of everyone on the team. With a genuine commitment to diversity, we’ve created an environment where employees feel comfortable regardless of race, gender, religion, background, physical ability, or sexual orientation.
Explore career opportunities with Affinity and belong to something better.
#J-18808-Ljbffr
WORK TYPE AND SCHEDULE: 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.
ESSENTIAL DUTIES AND 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.
EDUCATION and/or EXPERIENCE REQUIREMENTS
Minimum 2 years HELOC or mortgage processing experience is required.
Strong organizational skills and attention to detail.
Encompass LOS knowledge preferred.
MINIMUM QUALIFICATIONS
Working knowledge of HELOC terminology, documentation, lending policies, and guidelines.
Ability to communicate effectively and professionally.
Affinity strives to maintain balance between our employees’ personal and professional responsibilities. All full-time employees receive a highly competitive and multi-faceted Total Rewards package including competitive pay, target incentive, full medical/dental/prescription coverage, 401(k) plan, profit sharing, and generous paid time off. As an Affinity employee you are eligible for discounts on our products and services, access to our fitness center and employee café, earn paid time off for volunteering, and much more. In addition to these benefits, Affinity provides extensive educational and developmental opportunities as well as access to our formal Tuition Assistance Program. Explore career opportunities with Affinity and “Belong to Something Better.”
Affinity Federal Credit Union is an Equal Opportunity Employer
Affinity FCU is committed to creating an inclusive culture and an employment experience that values diversity. Our culture is built on respect - one that recognizes and values the unique talents of everyone on the team. With a genuine commitment to diversity, we’ve created an environment where employees feel comfortable regardless of race, gender, religion, background, physical ability, or sexual orientation.
Explore career opportunities with Affinity and belong to something better.
#J-18808-Ljbffr