Loan Setup Specialist I

Alaska USA Mortgage Company
Full Time
Renton Financial Center
Minimum Salary Grade
Category 16 Seattle Area: $16.84 depending on experience
Work Hours
Monday - Friday: 8:30 am - 5:00 pm
Regular Schedule is five 8 hour days
Addition Shift Differential


Reports To: Loan Setup Supervisor


Primary Functions: Loan Setup functions associated with the back-end processing and underwriting of a residential mortgage loan.


Duties and Responsibilities:


  1. Verify documentation supplied with the mortgage application compared to the required checklist. Identify and communicate to the MLO or Processor if documentation is incomplete or missing.
  2. Accurately place initial orders associated with the loan. This will include and is not limited to use of internal and external vendors to place orders for the loan in process. Required to open and maintain accounts with Veterans Affairs and Federal Housing Administration.
  3. Use Symitar to open LIP Accounts, verify balances in LIP accounts and pull bank statements associated with the loan in process.
  4. Respond to requests from internal customers to follow-up on orders placed and provided status if needed during the loan process. Maintain records of all orders placed in a central location to provide redundancies within the team.
  5. Order items timely and accurately to ensure member turn times are met. Timeframes will be set and monitored by the Loan Setup Supervisor.
  6. Participate in seminars and other training to maintain required knowledge and skill development. Complete all training within specified deadlines.
  7. Perform other duties as assigned.


Education: High School graduate or equivalent


Creditable Experience in Lieu of Education: Not Applicable


Experience/Skills: One year increasingly responsible experience in a related position, preferably within the lending or a comparable member service related position with this credit union. One year direct public contact experience preferred. Must be able to type 35 wpm, operate a 10-key calculator and be familiar with on-line data operations. Must have ability to diplomatically handle difficult situations and manage priorities daily.


Tenure: Loan Setup Specialist II, category 16, requires twelve months tenure in the Loan Setup Specialist I position with performance that meets or exceeds expectations and a promotion recommendation by the Loan Setup Supervisor and Mortgage Production Manager. Directly related work experience and/or accelerated training completion may be substituted for tenure.


Equal Opportunity Employer



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