Home Equity Loan Coordinator

Wright-Patt Credit Union Inc. • Beavercreek, OH • 1d ago

The Home Equity Loan Coordinator is responsible for ensuring fast and efficient processing of all second mortgage products including lines of credit, closed-end, bridge, and piggyback loan applications during the processing and closing stages of the loans. This position is crucial to ensuring this multi-step process is compliant with all federal regulations, second mortgage loan disclosures and documents are completed accurately, and loan fulfillment is completed timely for our members.

1) Ensures all steps of processing home equity lines of credit are completed by ordering, collecting, analyzing, and validating information such as credit reports, proof of income, proof of insurance (homeowner's, condo, and flood), property appraisals, title abstracts, flood certifications, property deeds, and other mortgage-related documents such as memorandum of trust, recorded power of attorney, or other supporting documents while ensuring compliance with all federal regulations, credit union policies, management practices, underwriting instructions and stipulations. Reports gaps in policies, procedures, and operating controls to leadership to ensure member impact and risk is mitigated. (25%)

2) Assists with title curative measures including mortgage liens, judgments and other liens, and other items that may propose risk to WPCU's lien position. Assists with identifying necessary deed corrections and communicating what is needed to complete home equity processing. (15%)

3) Creates a seamless transition through the various stages of the second mortgage process. This includes taking the application from the Financial Coach and continuing timely communications with the members up to and including coordinating a closing date with members while meeting expected turn times. (15%)

4) Responsible for knowing, understanding, and complying with all federal and state regulations pertaining to second mortgage lending, such as Regulation B, Regulation C, Regulation F, Regulation G, Regulation P, Regulation V, Regulation X, and Regulation Z, and Bank Secrecy Act (BSA). (15%)

5) Provide extraordinary service to Partners and members. Develop and maintain a vast knowledge of the second mortgage loan product guidelines for quick and accurate answers to Partners and members. Coordinates activities by effectively working with Member Centers, Member Help Center, appraisers, title companies, insurance companies, online closing vendors and other vendors and maintains knowledge of each of these areas to make sure the overall member experience is exceptional. (10%)

6) Reviews daily pre-disclosure reports to ensure all automated disclosures have been processed. Reviews LOCs for required in-person disclosures or any automated failures to ensure each applicant receives pre-disclosures in accordance with federal regulations. Reviews, prepares, and issues all Loan Estimates and pre-disclosures on all closed-end fixed applications in accordance with federal regulations. Communicates with partners to ensure applications have correct information/dispositions and notes indicating pre-disclosure status and/or issues to ensure federal regulations are met. (10%)

7) Assist with training opportunities for frontline partners as they arise. (5%)

8) Other duties as assigned by Leadership. (5%)

Required Skills

The Home Equity Loan Coordinator is skilled and knowledgeable in every aspect of second mortgage. The following are also required:

1) High school diploma with four or more years equivalent work experience.

2) Two years' experience specific to first and/or second mortgage lending or servicing is required.

3) Requires active NMLS or ability to obtain within 45 days of hire. Maintain all required NMLS and Safe Act licensing requirements.

4) Prior experience in reviewing credit reports, documenting borrower/member income, and validating data received during a loan interview.

5) Have a high attention to detail with strong analytical and research skills.

6) Demonstrated ability to learn and apply appropriate software applications to complete job functions including credit union core system, consumer lending system, Microsoft Office products and any third-party systems used in the process.

7) Demonstrated ability to analyze credit reports, tax returns, property appraisals, title commitments, flood searches and other mortgage related documents, as well as prepare second mortgage closing documents.

8) Demonstrated ability to learn and adhere to federal and state regulations/laws, credit union policies and management practices as they pertain to second mortgage lending.

9) Communicates clearly with members, Partners, other financial institutions, title companies and third-party vendors.

10) Demonstrated ability to analyze, reason, problem solve and prioritize work independently and design recommendations to accomplish business and strategic goals.

11) Professional level communication skills, including written, verbal, and listening skills are required.

12) NMLS is required.

Required Experience

Similar Jobs

Loan Sales Specialist

OneMain Financial • Miamisburg, OH • 8h ago

Finance, Accounting & Banking

At OneMain, Loan Sales Specialists empower customers by listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. In this role, our team members thrive in a competitiv...

8h ago

Go to Apply

Finance Professional

Adecco US, Inc. • Miamisburg, OH • 1d ago

Finance, Accounting & Banking

Adecco is currently assisting a local Customer in their search for a Finance Professional position in Miamisburg, OH. This is a great opportunity to further your existing skills as a Finance Professional, while working w...

1d ago

Go to Apply

Accounts Receivable Clerk

Robert Half • Dayton, OH • 1d ago

Finance, Accounting & Banking

Description Robert Half has partnered with local companies in the Dayton, Ohio metropolitan area to fill contract to hire permanent positions within Accounts Receivable/Collections. For immediate consideration, please ap...

1d ago

Go to Apply

Accountant - Entry Level

Robert Half • Miamisburg, OH • 1d ago

Finance, Accounting & Banking

Description We are looking for a detail-oriented Accountant to support core accounting operations in Ohio. This long-term contract position is ideal for someone who can manage daily financial activities, maintain accurat...

1d ago

Go to Apply

Account Manager (Strategic Financial Sales)

RELX INC • Dayton, OH • 2d ago

Finance, Accounting & Banking

About the Business: LexisNexis Risk Solutions is the essential partner in the assessment of risk. Within our Business Services vertical, we offer a multitude of solutions focused on helping businesses of all sizes drive...

2d ago

Go to Apply

Key Private Bank Senior Relationship Manager

KeyBank • Dayton, OH • 2d ago

Finance, Accounting & Banking

Location: 130 W 2nd Street, Suite 1950, Dayton Ohio Job Summary Key Private Bank (KPB) is dedicated to serving our clients' financial needs through expert advice and personalized banking, borrowing, and investment soluti...

2d ago

Go to Apply

US E ES - Lead Data Scientist GenAI, Financial Planning & Analysis - Strategic Analytics

Deloitte • Dayton, OH • 2d ago

Finance, Accounting & Banking

Deloitte is at the leading edge of GenAI innovation, transforming Strategic Analytics and shaping the future of Finance. We invite applications from highly skilled and experienced AI and Data Science Engineer III profess...

2d ago

Go to Apply

Finance Systems Reporting & Data Architecture Manager

Deloitte • Dayton, OH • 3d ago

Finance, Accounting & Banking

As a Finance Systems Reporting & Data Architecture Manager, you will serve as a critical link between Finance and Technology, helping ensure Finance reporting is accurate, well integrated, and designed to support ent...

3d ago

Go to Apply

Budget Analyst

Veterans Affairs, Veterans Health Administration • Dayton, OH • 4d ago

Finance, Accounting & Banking

Summary The Budget Analyst is in the Fiscal Section at this Dayton VA Medical Center. The incumbent is primarily responsible for budget planning, preparation, projection, execution, comparative analysis, cost accounting,...

4d ago

Go to Apply

Financial Reporting Analyst

Wright-Patt Credit Union Inc. • Beavercreek, OH • 1w ago

Finance, Accounting & Banking

The Financial Reporting Analyst is responsible for preparing, maintaining, and distributing recurring financial and operational reports that support accounting, regulatory reporting, reconciliations, and management repor...

1w ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)