Posted 5d ago

Real Estate Loan Processor

@ Area Federal Credit Union
Aberdeen, South Dakota, United States
$22-$29/hrOnsiteFull Time
Responsibilities:processing loans, reviewing files, ordering reports
Requirements Summary:Manage end-to-end mortgage loan processing: validate employment/deposit/liability documentation, order credit/appraisal/title/survey/flood, conduct loan interviews, process disbursements, review and image loan files, handle escrow and investor submissions.
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Job Description

We are seeking a motivated and detail-oriented Real Estate Loan Processor to join our dynamic credit union team. In this vital role, you will manage the end-to-end processing of mortgage loan applications, ensuring all documentation is accurate, complete, and compliant.

  • Answer member phone inquiries on loan balances, payoffs, applications and schedule appointments for RE Loan officers.
  • Conduct loan interviews with members when necessary. Follow up with members to obtain any required documentation.
  • Process loan application to validate all employment, deposit accounts, and liabilities provided.
  • Order Credit Report, appraisal, Title, Survey, Flood, etc. as needed for file.
  • Disburse checks, transfers and general ledger postings on approved loans.
  • Review all disbursed loan files by checking all necessary paperwork, signatures, dates, and computer information such as interest rates, loan type, collateral, payment, etc.
  • Submit files to investors for purchase after disbursed and process payoffs when purchased.
  • Image loan files by properly scanning and documenting loan within the paperless system.
  • Process escrow disbursements and annual escrow analysis.
  • Maintain real estate lending department files.
  • Perform other functions as required or assigned by the supervisor.