Job Description:
• Communicate with various companies to obtain vendor information including, but not limited to, verification of employment, flood certificate, title commitment, and payoff information; verify vendor orders are completed and returned, and invoices are received and documented
• Perform a thorough review and analysis of borrower’s credit, income, and assets as required by loan program before submitting the file to underwriting
• Obtain a complete loan package before submitting to underwriting; verify all required documentation in the file is complete and accurate and identify any potential issues that may arise before submitting to underwriting (pre-underwrite)
• Prepare a loan approval summary for missing documentation before submitting to underwriting for Loan Officer/Branch Manager to review; deliver completely documented file to the underwriter which is ready for approval or denial
• Communicate directly with the customer in writing and by telephone to obtain missing documentation required for the loan as needed
• Review loans for compliance within RESPA, TIL, HMDA, Reg. B, etc. (all mortgage related regulations)
• Prepare proper disclosures and re-disclosures as required by regulations
• Complete required loan submission, re-submission, and closing checklists
• Manage pipeline within allotted turn times
• Document all communication related to the loan application in the LOS system’s conversation log
• Assist closing, secondary, and servicing to obtain documentation needed to clear outstanding suspense items for personal loans worked on and/or loans worked on from other transition team members
• Performs such other duties as required.
• Available to work varying hours and overtime if needed.
Requirements:
• Bachelor’s degree preferred; high school diploma or equivalent combination of education and experience
• 3-5 years’ residential mortgage processing experience
• Experience with renovation and/or new construction lending
• Experience working with automated Loan Origination Systems
• Experience with Encompass LOS
• Knowledge of RESPA guidelines, general knowledge of all mortgage and consumer lending regulations (Regulation Z and Regulation B requirements) and loan documents
• Knowledge of industry guidelines and procedures as well as federal, state, and local regulations
• Proficient in DU, LP, Microsoft Outlook and Windows
• Excellent math and analytical skills
• Excellent communication skills
• Excellent prioritization and time management skills
Benefits:
• medical, dental, vision
• 401K
• short-term disability
• employee assistance program
• wellness program