Real Estate Loan Officer Assistant

at  WECU

WECU is seeking a Real Estate Loan Officer Assistant to join our Real Estate team located in Bellingham, WA. This role assists the Real Estate Loan department as directed in the following functional areas: servicing, processing, and lending/origination. Serves as resource for completing assigned projects tasks resulting from the implementation of the new mortgage lending platform. Assists project team members with their daily work during conversion project.

QUALIFICATIONS:

• High school diploma or GED.
• Minimum two years of experience in real estate lending.
• Working knowledge of the credit union’s products and services.
• Working knowledge of organizational policies/procedures and credit union’s service philosophy.
• Working knowledge of safety and security programs for false alarms, robberies, bomb threats and extortion.
• Working knowledge of credit union’s in-house computer system and real estate loan processing system.
• Knowledge of state and federal lending regulations.
• Ability to exercise judgment, initiative, and tact in dealing with members, management and staff.
• Ability to represent the credit union in a positive, professional manner in person, on the telephone, and in written correspondence.
• Knowledge in processing and packaging secondary market loans.
  NOTE: Job descriptions are not intended, and should not be construed, to be exhaustive lists of all responsibilities, skills, efforts, or working conditions associated with a job.

• Supports Real Estate Loan Officers by preparing and issuing initial disclosures and pre-qualification letters, entering loan documents into mortgage lending platform, and organizing loan documents. Assists Real Estate Loan Officer Supervisor with staff training as needed.
• Responsible for performing testing, data validation, auditing, and other core support assigned activities resulting from the mortgage lending platform conversion.
• Assists with loan processing, including ordering supporting documentation and preparing loan documentation for closing.
• Covers front reception as needed. May answer general questions in person and over the telephone regarding real estate loan products and rates, servicing, and funding. Refers current and prospective borrowers to the appropriate Real Estate Loan Officer and schedules appointments.
• Assists with loan servicing, including file maintenance, preparing required disclosures, and maintaining real estate escrow records.
• Attend field and community driven functions to show WECU presence and support.
• Stay current on real estate law and secondary market guidelines using appropriate resources and research.
• Actively cross sell other WECU products and services that would complement the member’s financial needs.
• Stay informed in all aspects of WECU’s business plans, operations, changes to policy and procedure, as well as WECU’s history and philosophy.
• Follow policy and procedures related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP) and Customer Due Diligence (CDD) daily to ensure compliance with current regulations.
• Assist in reviewing and reporting Home Mortgage Disclosure Act information on a quarterly and annual basis
• Follow policy and procedures related to OFAC by consistently running entities and non-member check payee names through the Bridger system.
• Follow policy and procedures related to SARs by monitoring and reporting suspicious activity to the Compliance department. Notify immediate supervisor of any substantive discrepancies with respect to information obtained under the CIP, including fraudulent identification, fraudulent applications, etc.
• Complete mandatory BSA/AML annual training via online web course.
• Maintain registry for Nationwide Mortgage Licensing System & Registration (NMLS).
• Perform specific and delegated duties as assigned by management.
• Follows WECU’s policies and all applicable laws and regulations.
• Performs other duties as assigned and may also assist others to complete tasks and work assignments.