Mortgage Production Generalist I

13-Nov-2024

Mortgage Production Generalist I

Harvard Federal Credit Union

67276BR

Job Summary

Harvard Federal Credit Union (Harvard FCU) has a dynamic small-business atmosphere where every member of the team has a significant impact on our success. Our headquarters and flagship branch are located in the heart of Harvard Square, surrounded by shops, restaurants, and the vibrant University community. We are looking for talented, member-centric individuals to join our growing team. If you have energy, enthusiasm, and thrive in a fast-paced environment, please read on.

Under the direction of the Mortgage Underwriting Manager performs a variety of functions with the Mortgage Production Department. To succeed in this position, you must be flexible and a collaborative team player. This role will work across all aspects of the Mortgage Production team, including assisting and backing-up for team members in Mortgage Processing and Production. 

Position Description

• Review and monitor the mortgage pipeline to ensure all important dates are targeted; assist with loan assignments as needed.
• Use various software platforms to gather, sort, and process documents primarily on Home Equity Lines of Credit and Home Equity Loans according to credit union/investor guidelines.
• Order services, including appraisal reports, title reports, flood zone certificates and other services as needed. Set up initial loan conditions and ensure accurate loan pricing for transactions.
• Monitor receipt of supporting documents, disclosures, and tax transcripts and upload them to loan file.
• Monitor receipt of appraisal and processes reports through Fannie Mae portal.
• Generate disclosures that accurately reflect pricing and loan terms, and are issued in compliance with regulator timelines.
• Maintain frequent communications with the appraiser and title vendor to ensure timely delivery of services remain current on any issues these vendors may encounter. 
• Provide ongoing communication to Mortgage Origination staff regarding statuses of key events and proactively communicate known or potential issues with applications.
• Perform timely retrieval and review of electronic documents.   
• Perform and submit preliminary file underwriting to the underwriting team. Ensure all required supporting documents are included, and the application has been updated to reflect the supporting documentation data.
• Respond to auditors’ requests.
• Communicate directly with members with regards to additional documentation requirements, loan statuses, and respond to member inquiries.   
• Assist with testing and roll out of new processes, procedures, and technology.
• Remain current on all compliance and regulatory issues.
• Perform related or unrelated functions as assigned or requested.
  
  

*This position is designated as critical for the Harvard University Employees Credit Union as it provides non-deferrable services that must be performed in the event of an emergency or weather-related closure.

Basic Qualifications

Basic Qualifications are the minimum threshold a candidate must meet in order to be considered for this role.

Minimum one year of banking operations and/or mortgage processing experience.

Additional Qualifications and Skills

The following qualifications are strongly preferred. If you meet some, but not all, you are still encouraged to apply; we value employees with a willingness to learn.

• College degree preferred.
• Proficient in the use of Excel, Word and Outlook. 
• Must be able to work in a fast-paced environment and handle multiple functions within strict deadlines. 
• Must be a team player. 
• Must be detail oriented. 
• Must be willing and able to work additional hours as business needs require.
• Must be comfortable working in a diverse university environment.

Working Conditions

Work is performed in an office setting.
 

Additional Information

Please provide a cover letter with your application.

• Please note: Harvard University requires a pre-employment reference and background screening, which includes OFAC (Office of Foreign Assets Control).
• Harvard University is unable to provide work authorization and/or visa sponsorship.
• This position has a 90-day orientation and review period.

The health of our workforce is a priority for Harvard University. With that in mind, we strongly encourage all employees to be up-to-date on CDC-recommended vaccines.

Work Format Details

This is a hybrid position that is based in Massachusetts. Additional details will be discussed during the interview process. All remote work must be performed within one of the Harvard Registered Payroll States, which currently includes Massachusetts, Connecticut, Maine, New Hampshire, Rhode Island, Vermont, Georgia, Illinois, Maryland, New Jersey, New York, Virginia, Washington, and California (CA for exempt positions only). Certain visa types and funding sources may limit work location. Individuals must meet work location sponsorship requirements prior to employment.

About Us

Harvard FCU is one of the fastest growing credit unions in the country and a leader in our industry. As a not-for-profit cooperative, we put our members’ best interests first in all that we do. We are passionate about service and fanatical about solving problems. Integrity and transparency are the foundation of Harvard FCU’s philosophy. Our mission is to enhance our members’ lives by developing and offering trustworthy products that are easy to understand, easy to use and best suited to meet their financial needs.
 

Benefits

We invite you to visit Harvard's Total Rewards website (https://hr.harvard.edu/totalrewards) to learn more about our outstanding benefits package, which may include:

• Paid Time Off: 3-4 weeks of accrued vacation time per year (3 weeks for support staff and 4 weeks for administrative/professional staff), 12 accrued sick days per year, 12.5 holidays plus a Winter Recess in December/January, 3 personal days per year (prorated based on date of hire), and up to 12 weeks of paid leave for new parents who are primary care givers.
• Health and Welfare: Comprehensive medical, dental, and vision benefits, disability and life insurance programs, along with voluntary benefits. Most coverage begins as of your start date.
• Work/Life and Wellness: Child and elder/adult care resources including on campus childcare centers, Employee Assistance Program, and wellness programs related to stress management, nutrition, meditation, and more.
• Retirement: University-funded retirement plan with contributions from 5% to 15% of eligible compensation, based on age and earnings with full vesting after 3 years of service.
• Tuition Assistance Program: Competitive program including $40 per class at the Harvard Extension School and reduced tuition through other participating Harvard graduate schools.
• Tuition Reimbursement: Program that provides 75% to 90% reimbursement up to $5,250 per calendar year for eligible courses taken at other accredited institutions.
• Professional Development: Programs and classes at little or no cost, including through the Harvard Center for Workplace Development and LinkedIn Learning.
• Commuting and Transportation: Various commuter options handled through the Parking Office, including discounted parking, half-priced public transportation passes and pre-tax transit passes, biking benefits, and more.
• Harvard Facilities Access, Discounts and Perks: Access to Harvard athletic and fitness facilities, libraries, campus events, credit union, and more, as well as discounts to various types of services (legal, financial, etc.) and cultural and leisure activities throughout metro-Boston.

Job Function

Finance

Department Office Location

USA - MA - Cambridge

Job Code

400102 Accounting Assistant IV

Work Format

Hybrid (partially on-site, partially remote)

Sub-Unit

------------

Salary Grade

052

Department

Harvard FCU Mortgage Processing

Union

55 - Hvd Union Cler & Tech Workers

Time Status

Full-time

Pre-Employment Screening

Criminal, Identity, Prohibited Parties

Commitment to Equity, Diversity, Inclusion, and Belonging

Harvard University views equity, diversity, inclusion, and belonging as the pathway to achieving inclusive excellence and fostering a campus culture where everyone can thrive. We strive to create a community that draws upon the widest possible pool of talent to unify excellence and diversity while fully embracing individuals from varied backgrounds, cultures, races, identities, life experiences, perspectives, beliefs, and values.

EEO Statement

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, gender identity, sexual orientation, pregnancy and pregnancy-related conditions, or any other characteristic protected by law.

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