Temporary Loan Origination Officer - Loan Processor

Location: OaklandFull Time
Job ID: 58394
Job Posting

For UCOP internal applicants, please login to the internal candidate gateway at: Jobs at UCOP

Job Title: Loan Origination Officer 2 - Loan Processor

Job #: 58394

Position Base: Oakland, CA

UC OFFICE OF THE PRESIDENT

At the University of California (UC), your contributions make a difference. A world leader producing Nobel and Pulitzer Prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world, and those who will follow in their footsteps. Working at the University of California is being part of a unique institution, and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and systemwide. We are passionate people, serving the greater good.

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 headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President

DEPARTMENT OVERVIEW

The Office of Loan Programs is the systemwide source of mortgage lending products for eligible faculty and senior managers. The Office of Loan Programs designs, delivers and manages housing assistance programs for the recruitment and retention of faculty and senior managers in support of the education, research and public service missions of the University of California. We strive to maintain superior customer satisfaction by providing timely, accurate and cost-effective mortgage products, researching new product alternatives and evaluating industry processes and changes to continually improve delivery of services.

POSITION SUMMARY

The Loan Origination Officer 2 provides support in implementing the loan origination policies and procedures associated with the University of California's Housing Assistance Program. Responsibilities include compiling documentation associated with loan application materials, interacting with title and escrow officers and other professionals associated with the loan process, providing excellent customer service to loan applicants, assisting in the preparation of loan documents and following up for documentation associated with the loan funding process. This position is an 'Assigned Employee' as defined in The University of California Home Loan Program Corporation Services Agreement (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 (Corporation), a California non-profit public benefit corporation. The Corporation was formed to assume the residential lending activities of the Office of Loan Programs.

KEY RESPONSIBILITIES

60% Loan Processing: Completes loan processing functions, including setting up initial loan file, maintaining tracking database, entering key data fields in the Loan Origination System, and analyzing documents for completeness. Reviews and evaluates loan application materials to ensure that the applicants and the subject property are in compliance with all Program eligibility and financial qualifying guidelines. Maintains regular contact with loan applicants, realtors, appraisers, escrow and title companies, and campus loan program contacts. Provides excellent customer service to all contacts associated with the loan process.

15% Report Ordering and Evaluation: Orders and reviews consumer credit reports, flood hazard certification reports, tax service reports and property appraisals. Imports credit information into the loan origination system. Reviews credit reports for completeness, credit scores, public records and compliance with federal screening requirements.

10% Disclosure Compliance: Compiles fees needed for the preparation of federally-required Loan Estimate and Closing Disclosure statements. Has extensive contact with Escrow and Title companies to ensure all fees are included and are accurate.

10% Loan Funding: Provides backup analytical support in the review of loan funding packages. Prepares executed loan documents for funding approval. Follow-ups with escrow companies for all loan funding conditions.

5% Strategic Planning: Working with the Origination team members, contributes suggestions for changes to the loan origination processes and provides assistance to the processors/funders when needed.

REQUIRED QUALIFICATIONS

• Mortgage loan processing or underwriting.
• Ability to perform basic math functions and financial analysis.
• Demonstrated oral and written communication skills in all areas: telephone, e-mail and written correspondence.
• Demonstrated proficiency with Microsoft Word and Microsoft Excel.
• Interpersonal skills and initiative as demonstrated by the ability to respond positively and proactively to requests.
• Demonstrated attention to detail and the ability to manage multiple tasks and hard deadlines.
• Demonstrated ability to work both independently and cooperatively as part of a team.
• Experience with Encompass Loan Origination System.

PREFERRED QUALIFICATIONS

• Developing familiarity with standard mortgage industry loan origination systems.
• Developing knowledge of standard single-family lending, title insurance, hazard insurance, flood insurance and escrow practices in California.

EDUCATION

• Bachelor's degree and two years' experience in a banking or mortgage lending environment, or an equivalent combination of education and experience.

SPECIAL CONDITIONS

This position is eligible for a hybrid work arrangement within the state of California.

OR

This position is eligible for a hybrid/remote work arrangement within the state of California. The selected candidate must reside within the state of California, or be willing to relocate, and will be required to report to work in person in Oakland, CA on a regular schedule.

SALARY AND BENEFITS

The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs It is not typical for an individual to be offered a salary at or near the top of the salary grade for a position. The full salary range shows the growth potential for this position,

Job Title: Loan Origination Officer 2 - Loan Processor

Payroll Title: LOAN ORIGINATION OFCR 2

Job Code: 005664

Salary Grade: Grade 18

PayScale/ budgeted hourly range: $26.05/hour - $35.01/hour, Salary offers are determined based on final candidate qualifications and experience.

Full Hourly Range: $26.05/hour - $43.97/hour

ADDITIONAL INFORMATION

HOW TO APPLY

Please be prepared to attach a cover letter and resume with your application.

APPLICATION REVIEW DATE

The position will be open until filled.

CONDITIONS OF EMPLOYMENT

Background Check Process: Successful completion of a background check is required for this critical position. https://apptrkr.com/get_redirect.php?id=4790864&targetURL=26.05/hour - $35.01/hour, Salary offers are determined based on final candidate qualifications and experience.

Full Hourly Range: $26.05/hour - $43.97/hour

ADDITIONAL INFORMATION

HOW TO APPLY

Please be prepared to attach a cover letter and resume with your application.

APPLICATION REVIEW DATE

The position will be open until filled.

CONDITIONS OF EMPLOYMENT

Background Check Process: Successful completion of a background check is required for this critical position. Background check process at UCOP

Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy

August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. UC Vaccine Policy

EEO STATEMENT

The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy

The University of California, Office of the President, strives to make this job board accessible to any and all users. If you have comments regarding the accessibility of our website or need assistance completing the application process, please contact us at: Accessibility or email the Human Resource Department at: epost@ucop.edu.



To apply, visit https://careerspub.universityofcalifornia.edu/psp/ucop/EMPLOYEE/HRMS/c/HRS_HRAM.HRS_APP_SCHJOB.GBL?Page=HRS_APP_JBPST&Action=U&FOCUS=Applicant&SiteId=19&JobOpeningId=58394&PostingSeq=1







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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.

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