USC Credit Union is looking for an experienced Real Estate Loan Processor. The Processor processes loan documents on first and second trust deed loans with a high volume of home equity loans. The Processor performs credit qualifications by utilizing secondary market standards and USC Credit Union’s policies and procedures. The Processor analyzes the loan credit package and ensures all pre-document and loan conditions are satisfied prior to funding. Responsibilities include, but are not limited ... more details
USC Credit Union is looking for an experienced Real Estate Loan Processor. The Processor processes loan documents on first and second trust deed loans with a high volume of home equity loans. The Processor performs credit qualifications by utilizing secondary market standards and USC Credit Union’s policies and procedures. The Processor analyzes the loan credit package and ensures all pre-document and loan conditions are satisfied prior to funding.
Responsibilities include, but are not limited to:
Processes loan documents on first and second trust deed loans in accordance with internal loan policies and investor guidelines. Reviews document package for all compliance checks to meet all secondary market requirements and regulations as applicable to mortgage lending transaction. Reviews property appraisal report. Maintains a high degree of attention to detail.
Performs credit qualifications by utilizing secondary market standards and USC Credit Union’s policies and procedures. Ensures loan quality and regulatory requirements. Provides upfront credit approval.
Analyzes the loan credit package. Reviews credit, income statements and tax returns to determine usable income to support loan request. Makes recommendations for loan decision.
Ensures all pre-document and loan conditions are satisfied prior to funding. Reviews internal documents. Determines what documents may be used in lieu of underwriting requirements.
Verifies regulatory and/or compliant loan disclosures have been sent to borrowers within the required time frame. Explains disclosers to members.
Ensures processing system is current with status, conversation and mail received on a daily basis.
Ensures accuracy and timeliness of completed loan applications to credit approval and funding are met.
Responsibility for primary member contact including providing regular status updates to borrowers, real estate agents, loan officers and internal staff.
Reviews all incoming mail including, but not limited to, borrower documentation, appraisals, preliminary title reports, homeowner association documentation, mortgage insurance, if applicable, and insurance certificates.
Compensation:
The hourly rate range for this position is $29.00 - $31.00. When extending an offer of employment, the University of Southern California considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, key skills, internal peer equity, federal, state, and local laws, contractual stipulations, grant funding, as well as external market and organizational considerations.
Why USC Credit Union is a great place to work:
Medical through USC Network, Blue Cross, and Kaiser: https://employees.usc.edu/medical/
Dental: https://employees.usc.edu/dental/
Vision: https://employees.usc.edu/vision/
Dependent Care and Health Care Flexible Spending Accounts (FSAs): https://employees.usc.edu/fsas/
Retirement with up to 10% employer contributions: https://employees.usc.edu/usc-retirement-savings-program/
Tuition reimbursement: https://employees.usc.edu/tuition-benefits/
Paid Time Off (PTO) including, up to 24 vacation days (based on tenure), 12 sick days, 9 paid holidays, 1 paid personal day, 4 paid winter recess days, paid bereavement, and paid jury duty: https://employees.usc.edu/time-off/
Life and voluntary insurance benefits: https://employees.usc.edu/insurance-benefits/
WorkWell Center that provides programs, resources, and services to benefits-eligible staff and their dependents, that help them thrive in all areas of work-life wellness: https://workwell.usc.edu/
Other generous perks and discounts: https://employees.usc.edu/perks/
Minimum Education:
High school or equivalent
Minimum Experience:
3 years
USC is an equal opportunity, affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, or any other characteristic protected by law or USC policy. USC will consider for employment all qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring ordinance. We provide reasonable accommodations to applicants and employees with disabilities. Applicants with questions about access or requiring a reasonable accommodation for any part of the application or hiring process should contact USC Human Resources by phone at (213) 821-8100, or by email at uschr@usc.edu. Inquiries will be treated as confidential to the extent permitted by law.
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