We are seeking a detail-oriented and efficient Title Processor to join our team. As a Title Processor you will be responsible for ordering title reports, tax certificates and facilitating and processing Home Equity Line of Credit (HELOC) closings within established guidelines and regulatory compliance. You will collaborate with lending officers, underwriters, and customers to ensure a smooth and timely closing of HELOC transactions. The ideal candidate will have a strong understanding of mortgage lending and excellent organizational skills.
Major Duties And Essential Functions:
Review HELOC applications and associated documentation for accuracy and completeness.
Communicate with customers, lending officers, and underwriters to resolve any discrepancies or missing information.
Collaborate with underwriters to provide necessary information and documentation for loan approval.
Keep customers updated on the status of their loan applications and address any concerns or questions.
Ensure compliance with all applicable laws, regulations, and internal policies throughout the loan processing cycle.
Maintain accurate records and files for each loan application.
Order title reports and tax certificates and review the content of information received related to such orders.
Arrange for the closing of the HELOC loans, coordinating with all parties involved in the transactions.
Other duties necessary to achieve the goals of the credit union: NA
Positions directly supervised: NA
Specific Knowledge, Skills, And Abilities Required For This Position:
In-depth knowledge of home equity lending regulations and guidelines.
Familiarity with loan origination software and automated underwriting systems including RamQuest and Encompass.
Strong communication and interpersonal skills.
Excellent attention to detail and ability to multitask effectively.
Strong organizational and time management skills.
Ability to work independently and as part of a team.
Proficient in MS Office Suite.
Knowledge of Fair Lending laws, TRID, RESPA, and other mortgage lending regulations is a plus.
Education:
High school diploma or equivalent; bachelor's degree in finance or related field preferred.
Experience:
Proven experience as a title processor or similar role in the mortgage industry.
Physical Activities And Requirements Of This Position
CATEGORY
DESCRIPTION
Finger Dexterity
Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.
Grasping
Using fingers and palm on an object.
Talking
Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
Repetitive Motions
Movements frequently and regularly required using the wrists, hands, and/or fingers.
Average Hearing
Able to hear average or normal conversations and receive ordinary information.
Average Visual Abilities
Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.
Sedentary Work
Sitting part of the time. Exerts up to 10 lbs. of force occasionally.
Working Conditions of this Position
DESCRIPTION
Few. No hazardous or significantly unpleasant conditions except during construction wearing a hard hat is required.
Mental Activities And Requirements Of This Position
Reasoning Ability: The ability to use common sense or logic.
CATEGORY
DESCRIPTION
Detailed
Ability to apply common sense understanding to carry out detailed instructions and to deal with problems involving many variables.
Mathematical Ability:
Basic
Ability to perform basic math skills including adding, subtracting, multiplying, and dividing two digit numbers; operations with units such as inch, foot, yard; ounce, pound (or their metric counterparts), and square footage; ability to understand appraisals, compute rent rates and lease expiration times.
Language Ability: The level of ability required to communicate and understand written and oral language.
Typical
Ability to use passive vocabulary of 5,000-6,000 words; read at a moderate rate; and define unfamiliar words in dictionaries for meaning, spelling, and pronunciation. Ability to write complex sentences, using proper punctuation, and using adjectives and adverbs. Ability to communicate in complex sentences, using normal word order with present and past tenses and good vocabulary. Ability to read, analyze and interpret general business periodicals, professional journals, correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, guests, vendors and the general public.
Compliance requirement
The responsibilities contained within this job description remains compliant with Bank Secrecy Act / Anti-Money Laundering, Office of Foreign Assets Control and USA PATRIOT Act as they apply to the duties of the position.
Disclaimer
The information in this job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job, which may vary on the department or the assignment. The actual essential duties, responsibilities and qualifications may vary by department, reporting structure and other business needs. No inference should be drawn that a specific job duty, responsibility or qualification is non-essential by its absence from this description.
Seniority level
Entry level
Employment type
Full-time
Job function
Other
Industries
Financial Services
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