Home Equity Processor

Position Summary

The Home Equity Processor supports the end-to-end processing of home equity loan applications for Credit Union of Texas, ensuring that each file is complete, accurate, compliant, and ready for closing. The role partners closely with members, internal lending staff, and third parties (title companies, appraisers, flood vendors, payoff providers) to gather and verify documentation, issue timely TRID disclosures, and resolve outstanding conditions. Operating in a high-volume, fast-paced environment, the Processor uses CUTX's loan origination and servicing platforms together with CUTX-approved AI tools to triage documents, prepare files, and deliver responsive, regulation-compliant service consistent with CUTX's member experience standards.

Loan Processing & File Management

• Order and follow up on appraisals, title work, flood searches, and third-party payoff requests; document receipt and status in the loan system.
• Review supporting documents (income, asset, identity, property) for accuracy, validity, and conformance to program requirements.
• Update loan system, CRM, Salesforce, and tracking logs with current file status, conditions, and communications.
• Perform final pre-closing review on processed files to confirm all conditions are cleared before handoff to the closing team.
• Send required notices on denied or withdrawn loans within applicable timeframes.

Member & Third-Party Communication

• Maintain proactive communication with borrowers regarding outstanding documentation, status updates, and disclosure receipt.
• Respond to HELOC and Non-Owner Occupied LOC questions from members and internal partners with courtesy, accuracy, and professionalism.
• Coordinate with title companies via email and phone to order title work and gather required title documentation.
• Follow up with third parties (appraisers, payoff lenders, flood vendors, insurance carriers) to ensure timely receipt of required items.
• Deliver service consistent with the CUTX creed (Care, Understand, Teach, eXceed) and CUTX core values.

Compliance & Documentation

• Ensure each home equity file complies with Texas home equity lending requirements under the Texas Constitution Article XVI 50(a)(6) and applicable federal regulations.
• Maintain active MLO registration through the Nationwide Mortgage Licensing System and Registry (SAFE Act).
• Document all member and third-party communications and loan activity in the system of record sufficient to support audit, examination, and investor review.
• Apply CUTX policies and procedures, regulatory requirements, and program guidelines consistently across all files.

Team Support & Continuous Improvement

• Support the Home Equity Operations Manager and team with department duties as assigned, including back-up coverage during peak volume or absences.
• Build collaborative relationships with internal departments to surface and resolve mortgage-related needs.
• Identify recurring file issues, documentation gaps, or process friction and recommend improvements to the Home Equity Operations Manager.
• Participate in pilots of CUTX-approved AI tools that support loan processing, contribute feedback, and adopt approved enhancements.

Performance Outcomes & KPIs

Outcome - Primary KPI - Reporting Cadence - Target / Direction

This role does not handle early disclosures

Home equity files move efficiently from application to closing. - Application-to-Clear-to-Close Cycle Time average calendar days from completed application to clear-to-close. Ready for Processing to Scheduled for Closing - Monthly - 8

Files are accurate and complete when handed to closing. - Pre-Closing File Accuracy Rate percent of files passing final pre-closing review without material rework. - Monthly - ? 95%

Members and third parties receive timely follow-up on outstanding conditions. - Condition Follow-Up SLA Compliance percent of outstanding conditions actioned within defined SLA. - Monthly - ? 95%

Every home equity file is audit-ready. - Audit-Ready File Rate percent of files passing internal compliance review without material exception. - Quarterly - ? 98%

AI-augmented document triage and data extraction outputs are reviewed by the Processor before action. - Human-in-the-Loop Review Rate on AI Outputs percent of AI-extracted data and recommendations reviewed and validated by the Processor before they affect the loan file. - Monthly - 100%

Qualifications

Education

• High school diploma or equivalent (GED) required.
• Associate or bachelor's degree preferred.

Experience

• Minimum one to two (12) years of experience in loan processing, funding analysis, or a closely related lending operations role.
• Prior home equity or mortgage processing experience preferred.
• Prior credit union or community bank experience preferred.
• Bilingual English / Spanish preferred.
• Prior experience using AI- or automation-augmented loan processing tools preferred.

Licenses, Registrations, and Certifications

• Active MLO registration through the Nationwide Mortgage Licensing System and Registry (NMLS) under the SAFE Act, or ability to obtain within required onboarding timeframe.

Knowledge & Skills

• Working knowledge of home equity loan policies, procedures, and documentation, including lien perfection on real property.
• Working knowledge of TRID disclosure timing and content requirements, Texas home equity lending requirements (Texas Constitution Article XVI 50(a)(6)), RESPA, and applicable federal consumer lending regulations.
• Proficiency with Microsoft Office (Word, Excel, Outlook) and ability to learn CUTX systems including Episys, Salesforce, DocuSign, and CRM.
• Accurate typing skills (40 wpm) and comfort with standard office equipment (printer, scanner, calculator, telephony).
• Strong written and verbal communication, with the ability to explain documentation requirements clearly to members.
• Strong attention to detail and ability to manage a high-volume pipeline with competing deadlines.
• Ability to apply basic math (interest, percentages, proportions) and read and interpret financial documents.
• Ability to work constructively within a team and contribute to department success.

Core Competencies

Competency - Proficiency Level - Why This Matters in This Role

AI Literacy - Intermediate - The role uses AI-augmented document extraction and processing tools (Tier 2) and is responsible for human-in-the-loop review on every member-impacting output.

Member Centricity - Intermediate - The role interacts directly with members during a significant financial transaction; tone, accuracy, and responsiveness shape the member experience.

Operational Discipline - Advanced - Files must be complete, accurate, and audit-ready; documentation and disclosure timing gaps create direct regulatory exposure.

Compliance Orientation - Advanced - TRID, Texas home equity rules, RESPA, and SAFE Act requirements are applied in daily work; errors have direct legal and member impact.

Communication - Intermediate - The role communicates with members, title companies, appraisers, and internal partners across phone, email, and in-person channels.

Time Management - Advanced - The role manages a high-volume pipeline with strict regulatory deadlines and competing priorities.

AI & Technology Expectations

AI-Augmented Workflows

The following workflows are AI-augmented in this role. The Home Equity Processor is expected to work fluently within these workflows, exercise sound judgment over AI outputs, and follow all applicable controls.

• AI-assisted document extraction and triage AI extracts structured data (income, assets, identity, property) from borrower-submitted documents to populate the loan file.
• AI-assisted condition tracking and follow-up prioritization AI ranks outstanding conditions and recommends follow-up cadence based on file age and closing target.
• AI-assisted disclosure timing checks AI flags files at risk of missing TRID or re-disclosure deadlines for processor action.
• AI-augmented productivity tools drafting member communications, summarizing documents, and supporting day-to-day processing tasks.

AI Tier and Human-in-the-Loop Responsibility

This role operates in AI Tier 2 for its principal AI-augmented workflows (see Appendix A). The Home Equity Processor retains accountability for any decision, communication, or member/employee-impacting action influenced by AI output, consistent with the CU