What are the responsibilities and job description for the Home Lending Processor - Wholesale position at O. C. Credit Union?
This opportunity has a hybrid work environment (in office & remote) and in addition to the base pay there is an opportunity to earn monthly commission.
Workplace Excellence. Through our associates' opinions and voices, Orange County's Credit Union is a proud recipient of the Peter Barron Stark Best of the Best Award for highest associate satisfaction in the workplace! As a leading financial service provider with over 80 years of experience serving 123,000 members, Orange County's Credit Union is currently $2 billion in assets & growing.
Putting People First: Connect, Discover, Deliver & Wow is Orange County’s Credit Union mantra. If you’re passionate about serving people, this role is rewarding, brings purpose, and the opportunity to make a difference!
POSITION SUMMARY:
To be successful in this role you’ll be an expert at processing real estate home loans that are wholesale (indirect) originated loan applications. This role requires delivery of excellent service to existing and prospective members, dealers, loan brokers, real estate agents, and Credit Union Associates.
Membership in Orange County's Credit Union is available to anyone who lives or works in Orange, Los Angeles, Riverside, or San Bernardino Counties.
ESSENTIAL FUNCTIONS:
- Orders services and documents for approval and accuracy, including but not limited to appraisal reports, flood certificates, property insurance, park/community approval and lease verifications, title searches, Department of Housing titling documents, purchase agreements, closing statements, and escrow instructions.
- Performs income analysis such that an applicant’s income can be accurately determined for credit approval as part of the loan review process.
- Responsible for mitigating the potential risk of fraud on loan applications by auditing and verifying the loan documentation information provided by the applicant and documentation obtained by the Credit Union.
- Act as a liaison and subject matter expert between the loan broker, dealer, agent, loan applicant, and the Credit Union to promote a successful and efficient loan closing experience. These efforts include supporting the loan underwriter and closer in obtaining required documents and stipulations from the loan broker and applicant to close the loan in a timely manner.
QUALIFICATIONS:
- One to three years of experience processing Manufactured / Mobile home loans for wholesale originations in a fast paced environment, which would provide a thorough knowledge of modern office practices and procedures.
- Must meet the requirements to be successfully registered with the NMLS (Nationwide Multistate Licensing System & Registry) as a Mortgage Loan Originator for the Credit Union
- The estimated hourly pay range for this position is $20.00 - $30.00. Final offer will be determined based on experience, education, training/certifications and specialized skills.
- We perform thorough background checks, credit checks, and drug screening. EOE.
BENEFIT HIGHLIGHTS:
- Kaiser and Blue Shield HMO medical & Delta Dental HMO– OCCU covers 100% of employees' monthly premiums and about 75% of dependents/spouse premiums.
- Life insurance at no cost to the employee
- 401(k) – OCCU automatically contributes 3% of the employee's earnings PLUS matches up to 5% of the employee's contribution (dollar for dollar)
- Vacation hours – 13 days per year and rolls over year to year, and increases with tenure
- Sick hours – 7 days per year and rolls over year to year
- Paid Holidays – 12 days per year plus three partial days
- Annual performance merit increases
- Professional and personal development programs, including educational grants up to $2k per year and step progression opportunities
- Annual discretionary bonus
- Professional, friendly work environment focused on achieving goals, recognizing successes, and excelling at member service.
Salary : $2 - $20
