Job description

Heritage Financial Credit Union
Who we are...
Heritage Financial Credit Union has been helping families reach their financial goals for over 80 years. We consider ourselves more than a bank. We are the combined heritage of generations who have worked together to leave lasting contributions in the homes and communities of the Hudson Valley. We believe in our members – in their stories, both past and yet unwritten.
Our Mission
We are more than a bank. We believe in our members and employees – in their stories, both past and yet to be written. We are the combined heritage of generations who care about and support each other to provide lasting contributions in our communities. We are committed to creating opportunities for people by providing necessary tools, resources and education to make possible the achievement of their goals, hopes and dreams.
Why us...
Heritage Financial Credit Union offers employees a culture of teamwork, superior service orientation, and open communication! We offer the opportunity for growth and development as well as competitive pay, flexible hours, paid time off, and 11 paid holidays. Additionally, we offer tuition reimbursement, employer-subsidized health plans, and dental, vision and other voluntary insurance plans.

POSITION DESCRIPTION

Position Title: Real Estate Processor Department: Lending

Classification: Non-*Exempt *Approved By: VP of Lending

REPORTING RELATIONSHIPS
Position Reports To: Director of Real Estate Lending
Positions Supervised: None

POSITION PURPOSE

Responsible for processing all new home equity and mortgage applications from the time of submission to the time of clear to close.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Provide administrative support to MLO/FSR including updating loan data in the LOS, validating documents they submit and reviewing the file for accuracy, completeness and compliance.

• Prepare and send disclosures for both home equity and mortgage applications with TRID regulation timeframes

• Review system application and documents loaded for accuracy when submitting a home equity or mortgage for initial underwriter review

• Contact third parties to request required documents such as Appraisal, Title, Flood Certification, Tax Transcripts, Mortgage Insurance, pull Property Access Card if tax bills are not included.

• Proactively follow up with MLOs and third parties to ensure timely receipt of conditions as established by service level agreements.

• Obtain and submit mortgage conditions within parameters set forth by the Underwriter in order to attain a clear to close.

• Ability to interpret credit report, appraisal, title and DU findings.

• Manage digital and hard files by scanning and verifying documents in the imaging system.

• Perform responsibilities of position in accordance with federal and state regulations as well as credit union policies and procedures.

• Assist in training new employees.

• Recommend changes to improve workflow, efficiencies and quality.

• Meet Core Comp Requirements.

• Performs additional duties as assigned.

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PERFORMANCE MEASUREMENTS

Performance is measured against the core competencies as outlined by the position and against goals established by the supervisor.

QUALIFICATIONS
Education/Certification: Some college preferred plus two to three years’ experience in home equity processing; or a comparable combination of education and experience.
.Required Knowledge: Thorough understanding of RESPA and TILA guidelines. Thorough understanding of all real estate lending requirements. Thorough knowledge of mortgage documentation. Basic understanding of conventional mortgage underwriting guidelines.
Experience Required: Using PC based software including Microsoft Word, Excel and Outlook. Processing home equities, processing mortgages, reviewing basic loan documentation; Fannie Mae experience is preferred
Skills/Abilities: Strong attention to detail. Ability to prioritize a steady stream of incoming tasks. Must project a professional appearance and positive attitude at all times. Must be team oriented. Excellent communication skills.

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
Finger Dexterity: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.
Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
Average Hearing: Able to hear average or normal conversations and receive ordinary Information.
Repetitive Motions: Movements frequently and regularly required using the wrists, hands, And/or fingers.
Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect Documents or operate machinery.
Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally

WORKING CONDITIONS
None: No hazardous or significantly unpleasant conditions.

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
Reasoning Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
Mathematics Ability: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume.
Language Ability: Ability to use passive vocabulary of 5,000-6,000 words; to read at a slow rate; define unfamiliar words in dictionaries for meaning, spelling, and pronunciation.
Ability to write complex sentences, using proper punctuation, and use adjectives and adverbs.
Ability to communicate in complex sentences; using normal word order with present and past tenses; using a good vocabulary.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, peers, clients, customers, and the general public.

INTENT AND FUNCTION OF JOB DESCRIPTIONS

Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well-constructed job descriptions are an integral part of any effective compensation system.

All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees

Job Type: Full-time

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