Summary of Duties:
Processes mortgage loan applications for submission to underwriting. Works on clearing conditions and closes loans prior to purchase agreement expiration date.
Upon loan approval, review DO/LP findings and prior to closing coordinate with Loan Officer to ensure all conditions are cleared and customer experience is uninterrupted.
Order appraisal through Appraisal Firewall system. Order appraisal accordingly.
Update pipeline and enter tracking data in Encompass system to track and follow-up on files submitted to underwriting; including dates of contract to ensure that loan decisions are timely.
Provide a commitment letter, counter offer or adverse action notice in accordance with regulatory requirements, indicating any conditions required on the Notice of Loan Approval (NOLA).
Process and order all necessary application and closing documents, including but not limited to, payoff information, survey, insurance, condominium questionnaires, subordination requests, flood certification, verification of employment/assets and completes title commitment review, and coordinates with loan officer to ensure accuracy.
Complete Change of Circumstance documents as necessary.
Coordinate closing schedule with loan officer and title company.
Once clear to close, review files for completeness, to include: receipt of payoff and insurance information, verification that all conditions have been satisfied, title requirements have been met and rate expiration dates allow for adequate processing time.
Complete closing package, provides loan officer with preliminary closing figures to be reviewed.
Compare loan estimate to closing disclosure and determine if any TRID tolerance violations and/or cost to cure calculations exist.
Order CD timely
Work with closing to ensure all documents are received
Keep in contact with agent and borrowers throughout the process
Bachelor’s Degree preferred.
High school diploma or equivalent, with relevant college courses or seminars in mortgage processing, accounting, underwriting and customer service.
Preferred 1-3 years previous mortgage processing experience.
Excellent customer service skills, with the ability to effectively communicate with bank staff, customers and other parties.
Must possess the ability to handle multiple tasks, pay attention to detail and be well organized.
Acute level of accuracy in work is critical.
Must be familiar with the October 2015 TRID Guidelines to be considered.
Encompass Mortgage Processing Software experience preferred.
Job Type: Full-time