Posting Salary: Commensurate with education and experience.
Position Summary: The Senior Loan Officer uses knowledge of loan origination concepts to complete underwriting evaluation of mortgage loan applications. Utilizes understanding of industry practices and University policies and procedures; resolves a wide range of issues in consultation with supervisor. Works on underwriting issues of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgment in selecting methods and techniques for obtaining solutions.
Implements loan origination processes associated with the University of California Employee Housing Assistance Program (Program). Includes the origination and approval of new loans to eligible Program participants to assist with recruitment and retention efforts. Activities include working closely with loan applicants, evaluating loan applications in accordance with University policy and applicable industry standards, and adhering to all lending guidelines and compliance requirements.
This position is an 'Assigned Employee' as defined in the University of California Home Loan Program Corporation Services Agreement dated February 1, 2014, by and between the Regents of the University of California and the University of California Home Loan Program Corporation, a California non-profit public benefit corporation. The Corporation was formed to assume the residential lending activities of the Office of Loan Programs.
Special Conditions of Employment:
Other Special Conditions of Employment:
Successful completion of a background check is required for this critical position.
Job Close Date:
Review, evaluate and analyze loan application packages to ensure loan applicants provide property and credit information and documentation. Perform analysis of applicant's income, assets and credit. Evaluate application package for exceptional conditions that may negatively affect the actual value of the home, future marketability of the house, and ultimately, the University's security interest in the property.
Documents requiring evaluation: - Purchase contract - Structural/Pest Control Report - Credit report - Preliminary title report - Property appraisal and analysis - Other property inspection reports, as needed
Prepare and review loan disclosures to ensure compliance with federal and state regulations. Coordinate with campus home loan coordinators, escrow officers, real estate agents, insurance agents and program participants to ensure prompt submission of required documentation. Prepare loan approval or disapproval recommendations to management based on review and analysis of all required documentation.
Job Requirements Bachelor's degree in Business Administration, Real Estate or related field, or the equivalent combination of education and experience in a directly related field. Required
California Real Estate License
Extensive knowledge of loan processing and origination practices and procedures, and experience working in the mortgage lending industry or related field.
Demonstrated ability to independently perform financial analysis and formulate recommendations based upon the results of the analysis.
Demonstrated excellent oral and written communication skills for communicating with program clients at many levels of the organization, as well as outside contacts.
Proficiency in the use of common desktop and web applications.
Familiarity with standard mortgage industry loan origination systems.
Knowledge of standard single-family lending, title insurance, hazard insurance, flood insurance and escrow practices in California.
Experience working in the mortgage lending industry in a loan origination capacity. Preferred
About us The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the corporate headquarters to the ten campuses, five medical centers and three Department of Energy National Labs and enrolls premier students from California, the nation and the world.
The University of California is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, age or protected veteran status.
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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.