Centralized Lending Specialist

• Monday through Friday Availability Required.
• Rotating Saturday Availability Required.
• Hybrid/Remote Work Eligible after 1 year of employment and supervisor approval.

A Centralized Lending Specialist I's primary responsibility is to assist the Lending Manager and all other Lending staff with processing and approving real estate secured and other consumer loan applications. This is accomplished by creating, updating and distributing all required loan documents through the loan workflow process from application through decision and closing. The Centralized Lending Specialist will review loan applications for completeness and follow up with loan originators for missing information required for completion.

Prepares and distributes all necessary loan documentation including required notices and disclosures to borrowers and lenders. Acts as a liaison between lending staff and facilitates communication regarding loan status and closing dates; contacting settlement agencies for closing date coordination as needed.

This position is eligible for a hybrid work from home schedule, as set and approved by the positions manager in accordance with the credit union's Remote Work policy.

• 35% - Receive loan applications from lenders. Review loan documents, verifying the accuracy, completeness and compliance of all collected and supporting loan documentation. Makes decision to approve, decline, or forward the loan request to higher levels for decision
• 35% - Prepares and distributes all necessary loan documentation including required notices and disclosures to borrowers and lenders
• 10% - Adhere to various compliance regulations that apply to residential mortgage loans to prevent monetary penalties and audit violations. Ability to fulfill credit union compliance requirements, including but not limited to;
  Home Mortgage Disclosure Act, Real Estate Settlement Procedures Act, Regulatory Compliance and Flood regulations
• 10% - Obtain payoffs and releases. Order title searches, flood searches and appraisals. Review results of searches and report findings to underwriter, updating the loan records as necessary. Ensure property insurance policies are in force to ensure protection against loss of property. Prepare Uniform Commercial Code (UCC) filings as required
• 5% - Provide exceptional service to employees by assisting them with questions regarding processing, underwriting and closing of loans. Assist with borrower questions as needed
• 5% - Performs other job related duties as assigned

• Receive loan applications from lenders. Review applications for accuracy, completeness and compliance. Makes decision to approve or decline loan requests up to authorized level and forwards requests outside of approved level to senior lender. Performs underwriting duties including analyzing applicants’ current financial position to determine the degree of risk involved in extending credit or lending money
• Obtain payoffs and releases as necessary. Order title searches, flood searches and appraisals. Review results of searches and report findings to underwriter, updating the loan records as necessary. Ensure property insurance policies are in force to ensure protection against loss of property
• Produce accurate and complete loan documentation per loan requirements. Meet established deadlines for underwriting and closing
• Organize and track status of requested information needed for each loan. Follow up with service providers and lenders as necessary to communicate needs and status of requested items
• Troubleshoot and resolve lender and borrower inquiries in a timely and accurate manner
• Provide informed, professional, accurate service and support to all borrowers and lenders
• Regularly use provided Credit…