PURPOSE
Provide management of operations functions for the Real Estate Loan Department, which will include processing support for Real Estate Loan Officers, with regard to loan underwriting, processing, and closing in accordance with the Credit Union’s established policies, procedures, and core values.
FUNCTIONS
• Responsible for member marketing of the Credit Union and knowledge of all services offered to a degree that will enable answering questions or referring member for specific services.
• Responsible for the supervision of the Real Estate Loan Department including, but not limited to, training, performance, hiring, terminations and scheduling leave.
• Responsible for ensuring that all evaluations and appraisals are ordered and reviewed in compliance with all policy, government, regulatory, investor rules and participation guidelines.
• Responsible for loan closing controls, including obtaining and reviewing documents required and preparation of closing documentation.
• Responsible for the controls of checks being disbursed and wire transfers for all closings.
• Responsible for creating a post-closing audit for all files.
• Responsible for ensuring that all loan documents are appropriately recorded, releases and discharges received as required, and final insurance policies (hazard, flood and title) are received and appropriate to the loan terms following the closings.
• Responsible for creating reports and analysis which will be appropriate to the orderly and effective management of the department.
• Perform other duties as assigned.
PREREQUISITES FOR THIS POSITION
• Minimum Education: High School graduate or equivalent. A Bachelor’s degree in Business,
Finance or Economics preferred. Equivalent work experience and knowledge may be
substituted.
• Minimum Experience: Five years in a financial institution with processing, underwriting, and/or
loan closing experience. Management experience preferred. Working knowledge of portfolio
lending required. Experience in dealing with residential secondary markets. Experience in
accounting and financial management.
• Personal Characteristics and Skills: Must demonstrate integrity in all work efforts and a sincere
interest in Credit Union members, and respect for other employees. Must be proficient in
computer skills, and relevant software. Must be capable of creating, implementing and
managing business systems. Must maintain continuing knowledge of lending regulations and
business developments. Strong cooperative leadership skills must be exhibited. A strong work
ethic is required.
• Working Conditions: Continuous alertness, precision, and concentration to ensure accuracy and
thoroughness of documents and transactions. Frequent performing basic numeric calculations,
as well as writing and reading. Exposed to potentially hazardous conditions, i.e., robbery. This
position may require extended or irregular hours. Continuous standing and/or sitting for long
periods of time. Occasional lifting up to 50 pounds. Occasional bending, squatting or kneeling to
reach supplies on ground level. Occasional reaching above shoulder level to reach supplies
overhead. Continuous use of hands in repetitive tasks such as simple grasping, twisting/turning
of wrist; finger dexterity to perform various accounting duties such as a ten key calculator,
typing, and entering data into the computer system.
