LBS Financial Credit Union

Job Description Job Description Are you an independent thinker with excellent attention to detail? Are you an enthusiastic team player with the knowledge and passion to meet our member's loan needs? Residential Lending Loan Processor/Underwriter II is a mid-level position for applicants who have prior knowledge of mortgage loan processing and underwriting. The position is responsible for processing and underwriting all mortgage loans including 1st Trust Deed Refinance and Purchase loans and Second Trust Deeds and HELOC's by evaluating the mortgage loan application information in accordance with established departmental procedures and utilizing Fannie Mae's Desktop Underwriting system when applicable. JOB REQUIREMENTS & RESPONSIBILITIES Perform loan processing functions for first mortgage refinances and purchases and HELOC/2nd TD mortgage loans in accordance with established departmental procedures and policies. Review and adhere to all Fannie Mae agency guidelines for processing and underwriting. Keep current with agency bulletins and updates to produce a saleable loan to the Credit Union's investors. Evaluate appraisal reports, credit reports, preliminary title reports and all documentation in the loan file to ensure compliance with current regulatory rules and regulations, credit union policies and procedures and as applicable, guidelines for the credit union's portfolio, the secondary market and/or third-party investors. Complete a full review of all data input by the set up person in Loan Producer and fill in all required fields as applicable and review all fields for accuracy and compliance Must be proficient in investor programs and pricing as well as all portfolio programs and pricing by staying up to date on all changes as they happen. Assemble a fully processed and documented loan file and submit the loan package to the Operations Manager for final underwriting and approval staying within the department goal of closing all loans within 30 days of the registration date in LP. Adhere to all regulatory standards regarding residential lending and credit union policies governed by NCUA, DBO and HUD Perform other related duties and responsibilities as assigned by management. EDUCATION & EXPERIENCE PREREQUISITES Minimum: High School Diploma or equivalent. Preference: One to two years college education in a business-related field or equivalent knowledge, plus additional training in the financial field. Additional: Minimum of 3-5 years of experience in residential lending processing including credit and appraisal evaluation. Education or certificate in residential lending or a related field such as mortgage banking or real estate sales/brokerage or equivalent experience. Familiarity with LOS system FICS and online systems that are key to processing and underwriting a loan. Excellent organizational and priority skills to manage time sensitive jobs. Ability to accurately perform mathematical calculations and use necessary business machines and desktop computer skills with a working knowledge of Microsoft Office. Ability to communicate effectively both verbally and in written form. Bilingual: English/Spanish a plus. BENEFITS & TOTAL REWARDS Medical, Dental, and Vision 100% employee-only plans paid by LBS 12 Paid Holidays, 3 weeks PTO, and Sick Time Defined Benefit Pension Plan 401(k) and Roth(k) Retirement Plans Insurance: Life, AD&D, LTD Critical Illness, Accident Insurance, and Hospital Indemnity Educational Reimbursement Paid Volunteer hours Loan discounts and free branch services Discount entertainment: movie tickets, travel, car rentals, and much more Wellness Benefits starts 1st of the month following 30 days of employment PAY RANGE In accordance with California's Pay Transparency Act, the expected salary range for this position is between: $28.42 - $35.52 Actual pay will be determined based on a candidate's specific qualifications, including their knowledge, skills, education and experience, internal equity consideration, as well as other job-related factors permitted by law. External Candidates: As part of our screening process, LBS Financial conducts background investigations on candidates who are extended an offer and who agree and authorize us to do so. This investigation will include: Employment Verifications - Employment Dates & Job Titles Credit Report Criminal Records Search Social Security Search Governmental Registries Search Additionally, candidates must be eligible to be bonded through a fidelity bond to cover employee loss and risk. Internal Candidates: As an Employer of Choice, LBS Financial strives to support our employees' career growth and encourage employees to apply for job opportunities for which they believe they are qualified. The Credit Union may interview outside as well as internal candidates. For additional information about our Credit Union and to apply for this opportunity, please visit our website at Equal Opportunity Employer.