Jovia Financial Credit Union (Formerly NEFCU) - Come to the Bright side
We see a brighter future for Long Island. It’s where we live, work and play. Be part on an organization that’s helps Long Islanders get the financial resources they need to achieve their dreams. We call it “Banking on the bright side”.
When you join the Jovia Financial Credit Union, you’ll part of an innovative, forward-thinking organization that values you and your ideas. We work hard, but we play hard, too, and offer great benefits like 401K and pension, tuition reimbursement, low-cost medical dental, vision, and FSA programs, disability and life insurance, as well as social activities to foster teamwork and creativity. Come to the bright side of banking.
Primary Function: The Real Estate Loan Processor 2 will perform a variety of duties associated with Residential First Mortgage Loans. The RELP’s primary responsibilities are preparation of the member loan file and the gathering and reviewing of information regarding Home Equity and or Residential Mortgage applications. Upon completion of the document gathering process, the RELP will review in detail income documents, calculate and verify member stated income and derive a debt to income ratio, they will also review credit reports for items that may require explanation and obtain any other documentation they anticipate an underwriter may request in the future. This individual will have heavy member contact and a broad knowledge of commonly used concepts, practices, and procedures. The RELP must be capable of explaining or discussing these items in detail in an articulate manner to internal and external members. As we all work towards the continued success and growth of the Credit Union, the RELP will be responsible for cross-selling all Credit Union products and services whenever possible ensuring that Moments of Opportunity are capitalized upon and that members receive the very best in service.
The RELP will assist his/her co-workers throughout the Credit Union in achieving total quality and contribute to a friendly and cooperative working environment. Functioning in a back-office environment, the RELP will provide support to the branch network, members via the internet, loan originators and Call Center relating to lending matters. It is critical that the RELP is an expert in all lending operations including all systems utilized both internal and ancillary third-party support programs. This individual should continually look to improve product delivery and service as well as be willing to serve on cross-functional teams to meet our goals. Participation by this individual at department meetings is encouraged and demonstrates his or her willingness to contribute to the team.
The hours for this position are subject to change depending on work volume and the needs of our membership. This individual must be flexible and available to work until the daily volume is completed based on standards set by Management.
Job Duties and Responsibilities:
Input home equity or first mortgage applications on the appropriate origination system and order all necessary documents to start processing and satisfy compliance requirements.
Update appropriate systems as loan information and documents are received from members.
In the case of First Mortgage Applications the following steps may need to be executed:
Download/upload the application
Seek and obtain from Members the application and appraisal fees
Order GSE or other third-party underwriting results and Credit Report
Include in files any documentation obtained from the members or through the system
Distribute files to other processors and assist them regarding follow up and further investigation.
Responsible for reconciling and maintaining assigned general ledger accounts
4. Setting up and fund loans on applicable host systems upon receipt of closing documents from members, branches or attorneys depending upon the product requested by the member when needed.
5. Call members to follow-up for missing documents including but not limited to insurance and verification of income and assets or ‘gift funds.’
6. Understand and at times prepare the Credit Union’s rate lock documents for review and approval by management.
7. Be well versed in real estate lending policies and procedures in order to field and/or direct member inquiries. Knowledge of underwriting guidelines including but not limited to GSE, other third parties, SONYMA and for the Credit Union's portfolio.
9. For those handling First Mortgages, familiarity with Fannie Mae’s Desktop Underwriter decisioning engine and the ability to interpret findings and research resolution is critical.
10. Submit Private Mortgage Insurance coverage via secured channels area and including but not limited to:
Order title reports, appraisals (for other processors), manage completed appraisals, flood certifications, verifications, etc., if and when applicable. Review appraisals for inconsistencies or obvious errors or omissions.
Open new member accounts if/when applicable
Open and distribute incoming mail to appropriate parties.
Associates Degree preferred along with a minimum of 5 years of experience in a real estate related position or field. Experience in data entry is a must and the incumbent must be computer literate, have aptitude for figures and be comfortable in discussing calculations and ratios. He/She must have the ability to ensure a high quality of work product. Strong written and oral communication skills are a must. A working knowledge of Excel and Microsoft Word is necessary. Employee must meet and maintain all requirements as a registered mortgage loan originator employed by a Federally regulated Institution with the Nationwide Mortgage Licensing System and Registry (NMLS).