<p><strong>Key Responsibilities</strong></p><ul><li><strong>File Review & Verification:</strong> Reviewing loan applications for accuracy and completeness, including income verification, asset statements, and credit checks.</li><li><strong>Documentation Management:</strong> Collecting required documents (tax returns, W-2s, bank statements) and ordering third-party services like appraisals, title searches, and flood certifications.</li><li><strong>Underwriting Preparation:</strong> Preparing the loan file for submission to the underwriter and clearing all underwriting conditions.</li><li><strong>Communication:</strong> Communicating with borrowers, real estate agents, and vendors to resolve discrepancies and meet deadlines.</li><li><strong>Compliance & Disclosure:</strong> Ensuring all loan documentation meets industry regulations (e.g., TRID, RESPA, HMDA) and company policies.</li></ul><p><br></p>
We are looking for a meticulous and organized Loan Processor to join our team in Sunnyvale, California. In this role, you will ensure the efficient and compliant processing of real estate loan applications while delivering exceptional service to members. This is a Contract to permanent position, offering the chance to grow within a dynamic and collaborative environment.<br><br>Responsibilities:<br>• Review real estate loan applications to confirm accuracy and completeness.<br>• Collect, verify, and organize documentation such as income statements, credit reports, title information, and appraisals.<br>• Enter loan details into the credit union’s system, ensuring precision and compliance.<br>• Communicate effectively with loan officers, underwriters, and applicants to facilitate timely processing.<br>• Address any questions or concerns from members regarding the loan application process.<br>• Ensure all loan files adhere to credit union policies, federal and state regulations, and industry standards.<br>• Conduct regular quality checks to identify and resolve errors or omissions in loan documentation.<br>• Collaborate with the lending team to streamline workflows and enhance loan processing efficiency.<br>• Track the status of loans and provide regular updates to management.<br>• Generate detailed reports on loan metrics, including timelines, application statuses, and volume.