Mortgage Loan Operations Specialist – Funding, Processing
First Entertainment Credit Union
full-time
Posted on:
Location Type: Hybrid
Location: Hollywood • California • 🇺🇸 United States
Visit company websiteSalary
💰 $25 - $31 per hour
Job Level
Mid-LevelSenior
About the role
- Process first mortgage and equity loan applications, ensuring accuracy and regulatory compliance.
- Collect, review, and validate borrower documentation, including income, assets, purchase contracts, and escrow instructions.
- Order and analyze credit reports, appraisals, title reports, flood certifications, insurance documents, and compliance checks.
- Prepare and deliver initial disclosures and re-disclosures as required
- Balance Closing Disclosure (CD) and HUD settlement statements, resolving discrepancies with escrow/title companies.
- Communicate proactively with Loan Officers and escrow officers regarding outstanding conditions, loan status, and scheduling of signing appointments.
- Coordinate closing and funding activities, including confirming wire instructions, initiating funding requests, and performing pre-funding audits to ensure all documentation and approvals are complete.
- Maintain accurate records and timely updates in loan processing systems through closing and funding.
- Complete additional tasks, such as ordering homeowner’s/flood insurance, payoff demand statements, tax service, and employment verifications as required.
- Perform other duties and tasks as required.
Requirements
- A high school diploma, vocational training, job-related course work or related work experience required.
- Active registration status with the Nationwide Mortgage Licensing System (NMLS) and Registry on an annual basis in addition to maintaining updates is required.
- Knowledge of laws and regulations regarding real estate and privacy, including TRID, Reg Z, Reg B, HMDA and RESPA
- Knowledge of basic loan processing procedures and systems (Encompass Banker edition preferred)
- A minimum of five (5) years of prior experience of real estate loan processing is required.
- A minimum of five (5) years previous work-related skill, knowledge, or experience in an office setting is required.
- Effective communication skills across all levels of audience.
- Computer proficiency in loan application systems, preferably Opening Act, MS Office Word, Excel and Outlook.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
loan processingcredit report analysisappraisal analysistitle report analysisflood certificationinsurance documentationpre-funding auditsdisclosure preparationregulatory compliancedocumentation validation
Soft skills
effective communicationproactive communicationorganizational skillsattention to detailproblem-solving
Certifications
NMLS registration