Mortgage Loan Operations Specialist; Funding & Processing

First Entertainment Credit Union is looking for a Mortgage Loan Operations Specialist (Funding & Processing) who will be responsible for First and Second lien loan processing from application through funding, including data collection, review and analysis, and pre-funding audits.

The Mortgage Loan Operations Specialist must demonstrate exceptional attention to detail, organizational skills, and communication abilities. A successful candidate must possess the professionalism and alignment with our core values, ensuring all stakeholders are informed throughout the loan lifecycle.

This is a full-time, hybrid opportunity reporting to the Director, Real Estate Lending Operations and is based in Hollywood, CA. The targeted pay in California is between $24.58 and $30.72.

• 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.

At First Entertainment, your role and every role are essential to our Mission [We build lifelong financial relationships with the people in entertainment based on a deep understanding of how they live and work], Core Values [Members First + Ownership +Integrity + Innovation + Inclusivity + One Team], and we expect you to uphold them.

• 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).
• 3 to 5 years of prior experience of real estate loan processing is required.
• 3 to 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.