Mortgage Loan Processor Vacancy In Greenstate Credit Union

Position Summary:
Responsible for processing of all secondary and in-house mortgage loans.

Hourly pay range for this position is $19.17 - $28.76, with a monthly incentive opportunity and a progressive benefits package!
Essential Duties and Responsibilities:
Performs essential duties and responsibilities in the following areas which may include but are not limited to those listed and are subject to change.

  • Adheres to the Credit Union's core values and Service Standards in carrying out GreenState's mission and vision.
  • Demonstrates a positive member service (internal and external) focus at all times, greeting members and guests with a smile and eye contact immediately upon their arrival. Consistent usage of the members name during contact and always thanking them for their business.
  • Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
  • Plays a vital role in enriching the community by participating in community service organizations and/or Credit Union sponsored events on an annual basis.
  • Ensures confidentiality of member information.
  • Builds and maintains relationships in the real estate community, which includes but is not limited to realtors, attorneys, abstractors, and insurance companies.
  • Fields and returns phone calls from the mortgage group line and returns phone calls/emails from borrowers regarding their mortgage loan. Orders final inspections, flood determination, credit report, pre-closure credit report, verification of deposit, verification of employment, verification of mortgage or rents and other documents necessary to support the loan application and ensure complete documentation of the loan file. Sends a copy of the appraisal to the borrowers at least 3 days prior to closing.
  • Reviews and verifies title work is clear to close and works with all parties involved to clear title objections. Sends a copy of the title to the borrowers to review prior to closing. Requests HOA letters as needed.
  • Collects and verifies completeness of requested credit documents. Processes documents by correctly entering information into on-line computer system and scans original documents into loan software system as needed.
  • Orders and reviews both the compliance report and fraud report for accuracy and discrepancies and makes any necessary corrections.
  • Submits file information to automated underwriting system when necessary and verifies accuracy of the findings.
  • Organizes documents in the LOS System in appropriate order and submits final applications to underwriting for approval.
  • Follows up on any approval conditions for secondary market and in-house loans.
  • Following approval, sends approval letter to borrowers and realtors, orders payoffs, property surveys, and orders any other required documentation to prepare closing documents.
  • Requests homeowners insurance and flood insurance if applicable (personal and association) and requests mortgagee clause change prior to closing. Verifies the completeness and accuracy of the binder for effective dates, coverage, and address.
  • Organizes documents in the LOS system in appropriate order in a timely manner to ensure prompt delivery to investors and prompt recording of the mortgages.
  • Resolves any secondary market suspensions or deficiencies and follows-up on any missing documentation in mortgage file in a timely manner.
  • Assists in year-end verification of HMDA reporting and 1098/1099 statements.
  • Assists in all other necessary mortgage duties and projects when needed.
  • Adheres to all state, federal and credit union regulations, policies and guidelines.
Job Requirements/Expectations:
  • Reports to work punctually, works all scheduled hours, and works overtime as necessitated by business demand.
  • Interpersonal skills to represent the Credit Union in a positive way during member contact.
  • Interpersonal skills necessary to gather data from a number of sources and to represent positively the Credit Union during such contacts.
  • Ability to provide quality service to members by phone or in person or by email.
  • Ability to develop and maintain effective working relationships with co-workers.
  • Ability to prioritize assignments and organize work efficiently, to handle large volumes of details.
  • Ability to operate related computer applications, on-line terminal and other standard office equipment such as a calculator and typewriter.
  • Accuracy and attention to detail required.
  • Lending policies and Real Estate knowledge helpful.
  • High school diploma or equivalent (i.e. GED) with a minimum of one year previous related work experience.
  • Must be bondable.
Reporting Relationship: Reports to Mortgage Processing Supervisor. Supervisory Responsibilities: This position is not responsible for the supervision of other employees. Equal Opportunity Employment Statement: GreenState Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

Hiring Organization / Company: Greenstate Credit Union
Basic Salary: To Be Discussed
Employement Type: Full-Time

Job Location Information:
City: Des Moines
State: Ia
Country: Us
Location: Des Moines, Ia 50310

Date Posted: 2021-04-07
Job Listing No# : 51851


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Tips on how to become successful in a career in real estate

Real estate has proven to be one of the most lucrative businesses to engage in today. This is because of the recent demand for properties by leasing, renting, and buying, which has seen prices drop and rise at the same time. Becoming successful in real estate is a dream come true once you have gone to school for it and worked hard. Real estate has several career opportunities for you, such as agents, advocates, brokers, property managers, and auctioneers. Success, however, will come with some challenges that you have to embrace and keep pushing. How you take these challenges will determine your success, and thus you ought to stay positive and keep pushing.

Success can be quite demanding due to lots of pressure from both your peers and yourself. However, it should be something you are excited about, especially how venturing into real estate is beautiful. You will have the opportunity to work with creative minds, clients who are enthusiastic about buying and selling property, and networking with those who are ahead of you. The article is here to guide you on how to do it and embrace each step to your success in real estate. How do you do it? Here are ten tips for a successful career in real estate:

1. Passion defines it all

Doing something you are in love with and passionate about will always result in dedication and commitment, which return determines your success. Do not jump into real estate if you are not excited about it because you will have no direction or zeal to keep going. Once you are passionate about real estate, you will never complain along the way of issues, but instead, you will have every reason to overcome because you are in love with what you are doing. Passion will give you a sense of drive because you not only have what it takes to succeed but also yearn for it.

2. Make the internet your first love

The internet has an excellent opportunity for you if you want to be successful in real estate. There is lots of information on it that you can use to learn about what others are doing and market yourself in the real estate industry, which is highly competitive. It would help if you did lots of research on what others are offering in the market in terms of price, trends, and structural creativity. Self-marketing to gain popularity is also crucial for you to be successful. Do it aggressively through the various online platforms you dispose of, such as creating social media pages, websites, and a blog to promote what you are doing.

3. Patience

Starting your career in real estate and expecting success in the first few months or years is not the best idea for you. You should be patient because if you do so, you may end up frustrated and quit while you are still young at it. Instead, embrace the process and acknowledge that the first few months or years for you will not be easy. You are venturing into real estate for the first time, and thus you have to learn the process. Each step in the process matters a lot in your success, and therefore you have to be ready to learn and gain experience. Most people fail because they want to become rich fast in real estate, not knowing the struggles others went through to get to the heights they now are at.

4. Network

It’s important to know that you cannot make it on your own. Even though you alone can determine your success, you need to work with others to succeed. Networking those in real estate and accompanying sectors will lead to trustworthy and mutually beneficial relationships. You will be working with like-minded people who will help you grow through their experience in real estate. Connect with those who are ahead and your peers also in real estate so that you can learn from them and even exchange ideas on how to get better. Networking will also see to it that you learn what you need to avoid, and thus you become one step ahead since you avoided falling into it. While your network, take only those who will see you through your success along instead of having a pool that may drag you behind.

5. Have a plan

How you begin will determine a lot. It would be best if you had a plan that will guide you through everything you do. A plan gives you a sense of direction because you have laid out your goals and objectives against the actions needed to succeed. Have a plan before you begin that will guide you through each step you will take, and thus you will not dilly dally along the way. Once you accomplish something, tick it against what your plan had stated and the purpose for those not yet achieved. When making your plan, be realistic because if not, you will end up in so much pressure, which is not suitable for you. Define what you want and make sure you can achieve it with healthy strain. Real estate for you should be smooth, and thus your plan needs to match what you are capable of.

6. Think like a business person

It would help if you had an independent and open mind in real estate to be successful. Venturing in it will require you to make strategic decisions due to the factors influencing real estate. You have to be ready for issues such as inflation, rise in demand, client preferences, and many more, which require you to think like a businessman. Your career in real estate in real estate will require you not to be rigid but to have an open mind about things. The decisions you make need to realize growth and not fall short of your success. Real estate is a lucrative business and thus needs a match for it. Your success in real estate in whatever career you are pursuing will require you to think like a businessman rather than an employee.

7. Gain new clients while you retain the ones you have

As soon as you start selling, you need not stay comfortable but stay hungry. This should be by looking for new potential clients aggressively by offering what they need. Clients will always be attracted to what you have installed for them so long as it gives them value for their money. It’s, therefore, your job to satisfy their expectations so that you can have new sales and leases and while doing so, do not forget about those you have. It will be so wrong of you to forget about those paid for your first sales and leases as you only think about new sales. Retaining your previous clients’ connections is essential because they become your brand ambassadors. They will always champion for you and help you through referrals to gain business from potential leads.

8. Get your papers right

Real estate requires lots of paperwork for a successful transaction. Therefore, you should ensure that you have all the documents needed to work in real estate as a career. These documents will include licenses, buyer’s agent agreements, closing disclosure, property deed, and home inspection reports, among many more. Professionalism is required of you for a successful buy or sell in real estate, and one way to guarantee your clients of this is by having your paperwork right. Clients choose you if you are good at what you do. These documents assure them that you are not a quack trying to fraud them off their cash, but you are legitimate and ethical in what you do.

9. Get ready for the competition

You need to know that real estate faces aggressive competition. It’s therefore useful if you expect it and know how to have an edge to it. You should be unique in what you do so that you stand out from the rest and have comparable points. Please do not copy what others are doing because they succeeded. It’s okay to look into what they are doing, but while doing so, look for what they are not offering that can add value to you as a person in real estate. Success in real estate will only be determined by how you face your competitors. Therefore, they should not scare you, but instead, be a basis for you to be better than them.

10. Establish a track record of your experience

Lastly, you need to make people have something they can talk about you. Your track record should be your selling to by the reputation that you have against your peers. Through the experience you have gained over the years, you should aim at getting better every day. Clients will want to see the previous works done on your portfolio or look at reviews on your website. Your track record should speak for itself and guarantee them that they can later attest to not regretting the decision made. Do not rush at selling or leasing what can ruin your reputation but instead mold it to applaud the excellent work you do.

Success in a real estate career is not a one-day affair. It requires you to be the best in what you do and always be ready for challenges. Strive at getting better and take each step as a lesson to your career.