Loan Service Specialist/Processor I

Job Summary: Process and disburse consumer and mortgage loans. Continue Monitoring loans post-close to service and process various escrow items, ensuring timely and accurate disbursements, and maintaining insurance and tax tracking records.

Essential Functions and Responsibilities:

Mortgage Loan Processing

• Prepare loan files for underwriting including all vendor work and payoff information requests from third party vendors and institutions.
• Generate closing documents, adhering to all CU policies, procedures and compliance requirements.
• Works with Loan Officers and vendors to prepare loans files for underwriting. Processing loans, creating all necessary documents to close and disburse loan amount.
• Ensures closing documents are in compliance with all policies and procedures.
• Assists in organizing and preparing mortgage files for archive.

Mortgage Loan Funding

• Responsible for all aspects of the loan funding process including but not limited to:
  • Maintaining tracking spreadsheets
  • Wiring funds
  • Issuing checks for external payments and payoffs
  • Processing internal payoffs

Consumer Document Prep

• Prepare accurate closing documents for Loan Officers on Consumer Installment Loan Products.
• Create the loan account on the core system.

Consumer Funding

• Fund all closed Consumer Installment Loan products.
• Mail out payoffs as applicable.
• Process internal payoffs.
• Follow-up on any loans cancelled to ensure accurate processing by underwriting and closing any accounts out that are not funded.

Augustine Financial Services

• Assist Augustine Financial Services in post-closing service, escrow processing, and paid loan processing.

Other Duties as Assigned

• Assist all areas of the loan department as necessary.
• Maintain a working knowledge of all lending products, regulations, laws, and rates within the credit union and the industry.
• All other duties as assigned.
• This job description is subject to change at any time.