LOAN FUNDER (Home Loan Program)

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UC OFFICE OF THE PRESIDENT

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Position Base
Oakland

Location
UCOP - Franklin Building

Department Overview
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 are the systemwide source of mortgage lending products for eligible faculty and senior managers. 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 (Funder) provides support in implementing the loan origination policies and procedures associated with the University of California's Housing Assistance Program, uses developing knowledge of loan origination concepts to complete funding and processing of mortgage loan applications, assembles supporting documentation associated with the loan process, completes all related documentation of loan files, prepares and reviews loan funding figures, and exercises judgment within defined procedures and practices to determine appropriate action. 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

• 70% Loan Funding: Completes loan funding functions in accordance with program processes, guidelines and deadlines, including: * Drawing loan documents and delivering them to escrow, obtaining evidence of insurance and other conditions as necessary. * Reviewing and evaluating loan funding pipeline and loan funding documents and following-up with escrow companies for all outstanding loan funding conditions. Determining steps necessary to complete fundings in an accurate and timely manner, including coordinating with escrow and other key parties. * Funding the loan in accordance with lender's funding instructions and program processes/guidelines, including verifying all conditions have been satisfied and signed off and the funding package is complete, working with escrow to obtain all outstanding funding conditions accordingly, verifying escrow's wire instructions, accurately calculating and preparing the loan funding wire for approval, completing Loan Origination System review and updates, and providing the loan file to Loan Servicing in a timely manner. * Provides excellent customer service to contacts associated with the loan process. Performs extensive follow-up for documentation with escrow officers, real estate agents, title officers, insurance agents and appraisers. Manages workflow of on-going loan funding tasks while managing competing priorities.
• 15% Post Closing: * Completes post-closing process in accordance with program processes, guidelines and deadlines, including review of the loan file to ensure the loan file is complete, original loan documents have been received and all conditions have been satisfied and signed off. * Completes post-closing follow-up for final documentation including tracking outstanding post-closing conditions to ensure they are received in a timely manner and evaluates conditions received to confirm they satisfy the condition and are signed off accordingly. * Completes final loan review and generates and files the final loan file.
• 10% Loan Processing: * Provides backup support in 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.
• 5% Strategic Planning: Working with the Origination team members, contributes suggestions for changes to the loan origination processes, provides assistance to the processors/fellow funders when needed, other duties as assigned.

Skills and Abilities
Required Qualifications

• Mortgage loan funding and/or processing.
• 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.

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.
• Experience with Encompass Loan Origination System.

Education
Required Qualifications

• 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 approved for a hybrid work arrangement. The person hired must report to work on-site at UC's Office of the President (UCOP) located in Oakland, CA, on Tuesdays and Wednesdays, subject to change. The person hired will be required to reside in the State of California.

SALARY AND BENEFITS

Job Title
Loan Origination Officer 2

Job Code
005664

Salary Grade
Grade 19

Payscale:
$75,000 - $86,000, commensurate with experience

Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging

ADDITIONAL INFORMATION

HOW TO APPLY

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

APPLICATION REVIEW DATE

The first review date for this job is August4, 2025. 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

As a condition of employment, you will be required to comply with the University of California Policy on Vaccination Programs, as may be amended or revised from time to time. Federal, state, or local public health directives may impose additional requirements.

As a condition of employment, the finalist will be required to disclose if they are subject to any final administrative or judicial decisions within the last seven years determining that they committed any misconduct, are currently being investigated for misconduct, left a position during an investigation for alleged misconduct, or have filed an appeal with a previous employer.

• "Misconduct" means any violation of the policies or laws governing conduct at the applicant's previous place of employment, including, but not limited to, violations of policies or laws prohibiting sexual harassment, sexual assault, or other forms of harassment, discrimination, dishonesty, or unethical conduct, as defined by the employer.
  • UC Sexual Violence and Sexual Harassment Policy
  • UC Anti-Discrimination Policy for Employees, Students and Third Parties
  • APM - 035: Affirmative Action and Nondiscrimination in Employment

EEO STATEMENT

The University of California is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, protected veteran status, or other protected status under state or federal law.

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