LBS Financial Credit Union

Loan Processor II

LBS Financial Credit Union  •  $57k - $71k/yr  •  Westminster, CA (Onsite)  •  2 days ago
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Job Description

Are you an independent thinker with excellent attention to detail? Are you an enthusiastic team player with the knowledge and passion to meet our member’s loan needs?

Residential Lending Loan Processor/Underwriter II is a mid-level position for applicants who have prior knowledge of mortgage loan processing and underwriting. The position is responsible for processing and underwriting all mortgage loans including 1st Trust Deed Refinance and Purchase loans and Second Trust Deeds and HELOC’s by evaluating the mortgage loan application information in accordance with established departmental procedures and utilizing Fannie Mae’s Desktop Underwriting system when applicable.

JOB REQUIREMENTS & RESPONSIBILITIES

  • Perform loan processing functions for first mortgage refinances and purchases and HELOC/2nd TD mortgage loans in accordance with established departmental procedures and policies.
  • Review and adhere to all Fannie Mae agency guidelines for processing and underwriting. Keep current with agency bulletins and updates to produce a saleable loan to the Credit Union’s investors.
  • Evaluate appraisal reports, credit reports, preliminary title reports and all documentation in the loan file to ensure compliance with current regulatory rules and regulations, credit union policies and procedures and as applicable, guidelines for the credit union’s portfolio, the secondary market and/or third-party investors.
  • Complete a full review of all data input by the set up person in Loan Producer and fill in all required fields as applicable and review all fields for accuracy and compliance..
  • Must be proficient in investor programs and pricing as well as all portfolio programs and pricing by staying up to date on all changes as they happen.
  • Assemble a fully processed and documented loan file and submit the loan package to the Operations Manager for final underwriting and approval staying within the department goal of closing all loans within 30 days of the registration date in LP.
  • Adhere to all regulatory standards regarding residential lending and credit union policies governed by NCUA, DBO and HUD
  • Perform other related duties and responsibilities as assigned by management.

EDUCATION & EXPERIENCE PREREQUISITES

  • Minimum: High School Diploma or equivalent.
  • Preference: One to two years college education in a business-related field or equivalent knowledge, plus additional training in the financial field.
  • Additional: Minimum of 3-5 years of experience in residential lending processing including credit and appraisal evaluation. Education or certificate in residential lending or a related field such as mortgage banking or real estate sales/brokerage or equivalent experience.
  • Familiarity with LOS system FICS and online systems that are key to processing and underwriting a loan.
  • Excellent organizational and priority skills to manage time sensitive jobs.
  • Ability to accurately perform mathematical calculations and use necessary business machines and desktop computer skills with a working knowledge of Microsoft Office.
  • Ability to communicate effectively both verbally and in written form.
  • Bilingual: English/Spanish a plus.

BENEFITS & TOTAL REWARDS

  • Medical, Dental, and Vision 100% employee-only plans paid by LBS
  • 12 Paid Holidays, 3 weeks PTO, and Sick Time
  • Defined Benefit Pension Plan
  • 401(k) and Roth(k) Retirement Plans
  • Insurance: Life, AD&D, LTD
  • Critical Illness, Accident Insurance, and Hospital Indemnity
  • Educational Reimbursement
  • Paid Volunteer hours
  • Loan discounts and free branch services
  • Discount entertainment: movie tickets, travel, car rentals, and much more
  • Wellness Benefits starts 1st of the month following 30 days of employment

PAY RANGE

In accordance with California’s Pay Transparency Act, the expected salary range for this position is between:

$28.42 - $35.52

Actual pay will be determined based on a candidate’s specific qualifications, including their knowledge, skills, education and experience, internal equity consideration, as well as other job-related factors permitted by law.

External Candidates: As part of our screening process, LBS Financial conducts background investigations on candidates who are extended an offer and who agree and authorize us to do so. This investigation will include:

  • Employment Verifications - Employment Dates & Job Titles
  • Credit Report
  • Criminal Records Search
  • Social Security Search
  • Governmental Registries Search

Additionally, candidates must be eligible to be bonded through a fidelity bond to cover employee loss and risk.

Internal Candidates: As an Employer of Choice, LBS Financial strives to support our employees’ career growth and encourage employees to apply for job opportunities for which they believe they are qualified. The Credit Union may interview outside as well as internal candidates.

For additional information about our Credit Union and to apply for this opportunity, please visit our website at www.lbsfcu.org/careers Equal Opportunity Employer.

LBS Financial Credit Union

About LBS Financial Credit Union

LBS Financial Credit Union was established in 1935 as the Long Beach School District Employees Federal Credit Union. Originally, the Credit Union served employees of local school districts and colleges and select local businesses. Today, those groups are still eligible for Membership in addition to anyone who lives or works in fifty cities surrounding the greater Long Beach area, Riverside County, San Bernardino County, Orange County and San Diego County. The Credit Union currently serves over 140,000 Members and has over $2 billion in total assets.

As a not-for-profit financial institution, LBS Financial is owned by its Membership. The Credit Union's profits are returned to the Membership in the way of competitive rates, low fees and improved services. The Credit Union's Board of Directors are all volunteers and also Members of the Credit Union. Because of its structure, LBS Financial can continue to focus on the needs of our Members first and foremost (we report to our Members - not stockholders).

LBS Financial is committed to serving the local area, focused on connecting families, neighbors, and our community with paths to success. It’s through a shared purpose and common goals that we connect with our Members while providing access and direction to make their financial dreams a reality. We work hard to always do what’s right for our Members. Our Members enjoy outstanding value in their day-to-day banking at LBS Financial through our competitive rates, low fees, and convenient account access. The Credit Union is also dedicated to making an impact in the community through employee volunteerism and local support for groups with an emphasis on public education or improving our local environment, and the well-being of our community.

Industry
Finance & Insurance
Company Size
51-200 employees
Headquarters
Long Beach, CA
Year Founded
1935
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