Loan Setup Coordinator

Job Title : Loan Setup Coordinator

Department : Mortgage Lending

Department Location : Littleton, MA

Reports to : Mortgage Production Manager

Career Stream : Individual Contributor

Classification : Hybrid

Exemption : Non-Exempt

Pay Grade : 8

Pay Grade Range : $21.45 - $26.81

Actual compensation offered may vary from the posted pay grade range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and / or skill level, and will be finalized at the time of offer.

FUNCTION : Responsible for issuing disclosures in compliance with regulations and orders all services needed for the file. Performs additional redisclosure requests through the active application to ensure strict compliance on all loans. Ensures all files are complete and compliant with Workers Credit Union policies, investor requirements, mortgage insurance standards, and applicable government loan regulations.

Essential Job Duties And Responsibilities

• Review disclosure related data entered into the Loan Origination System ('LOS') for accuracy. Ensure proper loan set-up within the LOS and loan structure is accurate according to loan program and type.
• Inputs good faith fee data, prepares impounds and prepaid taxes / insurance to ensure correct figures are disclosed.
• Prepare and review initial disclosure packages including the Loan Estimate.
• Ensures proper delivery of the disclosure package to members through eSign or mail, depending on member response to electronic delivery
• Monitors and provide revised Loan Estimates within three days of a changed circumstance. Update the LOS to document the changed circumstance and Loan Estimate delivery timing.
• Reviews daily reports to ensure loans are disclosed according to regulation.
• Order and track required third-party reports such as appraisals, title, flood certifications, tax transcripts, and employment verifications.
• Provide exceptional customer service by promptly addressing member inquiries and concerns related to loan disclosures and setup.
• Support the origination and production process and ensure confidentiality of all borrowers and loan information.
• Uphold the Workers Credit Union 'Workers Way' culture through daily interactions and behaviors.
• Perform other duties as assigned to support departmental and organizational goals.

Other Duties

Education

Experience

Knowledge / Skills / Abilities / Competencies

Work Environment

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

NOTE : Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

AMERICANS WITH DISABILITIES ACT : Workers Credit Union complies with all aspects of the Americans with Disabilities Act (ADA) and state disability laws. This means we will not discriminate against qualified individuals with a disability in any phase of the employment relationship including application for employment, hiring, promotions and / or advancement opportunities, termination, compensation, training and any other conditions or privileges of employment.

About Workers Credit Union : Since 1914, Workers Credit Union has existed to Improve the Daily Lives of our Members . We deliver on our core purpose by partnering with our members to help them make their best financial choices and improve their financial wellness. We call this The Workers Way and this is at the center of everything we do. Through our specialized financial counseling, we are pioneering a new member experience through high-touch service and convenient technology. We have grown to over 2.6 Billion in assets and serve over 120,000 members. We are one of the top performing credit unions in Massachusetts with big plans for the future!

Benefits

EEO Statement : All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Skills Required

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