[Remote] Home Loan Operations - Home Loan Sr Processor
Note: The job is a remote job and is open to candidates in USA. Golden 1 Credit Union is seeking a Home Loan Senior Processor to manage processes related to mortgage and equity loans. The role involves coordinating loan transactions, ensuring compliance with regulations, and maintaining effective communication with members and advisors.
Responsibilities
- Coordinate and communicate information with Members, Home Loan Advisors, and Vendors for loan transaction as it relates to loan processing
- Coordinate the ordering of all title reports, flood certificates, FHA case numbers, CAVIRS, LDP/GSA and follow up on appraisal orders. Review all documentation received for accuracy and determine if additional research or documentation is required
- Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including BSA, RESPA, TILA, TRID and AML laws appropriate to the position
- Review and calculate income, including tax returns, and funds verification (assets) from documentation received in accordance with investor guidelines as well as Golden 1’s policies/procedures and update the LOS (Loan Origination System) accordingly
- Read and interpret Desktop Underwriter (DU) findings. Rerun/Update DU with all updated calculations, appraised value, available funds prior to final approval submission to underwriting, ensuring both DU and the LOS systems match the documentation in file
- Review and evaluate credit documentation for compliance with investor & Golden 1’s policies
- Prepare and process general correspondence and document exchange updating LOS (Loan Origination System) with all details for complete tracking purposes
- Manage pipeline to meet a) G1 service levels including turn times and customer service scores, b) minimum efficiency levels established for position and c) minimum required loan quality
- Complete Home Mortgage Disclosure Act (HMDA) information
- Maintain and respond to quality control issues
- Acquire and maintain knowledge of FNMA, FHA, G1CU equity products and related investor guidelines
- Perform functions in accordance with Golden 1’s performance competency standards
- Perform other tasks as assigned
Skills
- Successful completion of High School curriculum is preferred. Additional work experience may be considered in lieu of a High School diploma
- Five years or more experience in a financial institution processing Home Loans handling routine to complex processes
- Recent experience processing FHA loans is required
- Strong analytical and research skills
- Maintain knowledge of real estate industry Golden 1's policies/procedures & guidelines, and various investor guidelines, including Fannie Mae and FHA
- Strong oral and written communication skills
- Strong interpersonal skills
- Strong member relation skills
- Accuracy in calculating income related loan transactions
- Ability to manage high volume telephone contact
- Attend training provided through seminars, webinars and weekly coaching as compliance, policies/procedures, or work processes dictate
Company Overview
- Golden 1 Credit Union is a financial cooperative that offers checking, savings, home loan, investment, insurance and online services. It was founded in 1933, and is headquartered in Sacramento, California, USA, with a workforce of 1001-5000 employees. Its website is https://www.golden1.com/.
Company H1B Sponsorship
- Golden 1 Credit Union has a track record of offering H1B sponsorships, with 1 in 2024, 1 in 2022. Please note that this does not guarantee sponsorship for this specific role.
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