Department: Mortgage LendingFLSA Status: Non-Exempt
Provides professional support to Mortgage Loan Originators by assembling in-house, secondary market and government loan packages.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Sends requests for verification of employment and deposit for applicants, requests credit report updates, tax transcripts, preliminary title work, flood certification and any other documentation necessary for completion of the loan file.
Prepare re-disclosures for change in circumstance for customers’ signatures.
Contacts parties involved (attorneys, appraisers when necessary and investor underwriters) throughout the process to ensure timely receipt of necessary information.
Analyze credit and property documentation to determine secondary market eligibility (Fannie Mae, Freddie Mac, VA, USDA and investors). Package and submit loans for investor underwriting.
Prepares loan closing packages including closing disclosures.
Payment and balancing of loan-related invoices through third-party vendor system.
Funding of loans.
Preparing setup documents for Credit Department.
Complete HMDA input sheets.
Scanning and indexing post-closing record retention documents in DocStar.
Must possess ability to work with others in a team environment and follow work rules and procedures.
Must be able to accept direction and constructive criticism from supervisors.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION AND EXPERIENCE.
High school diploma or equivalent; six months to one year experience in lending support.
Ability to read and comprehend instructions, procedures, correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to loan officers, appraisers, attorneys, investor underwriters and other employees of the organization.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rate, ratio, and percent.
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to write, type, file, etc.; and to talk and hear. The employee is occasionally required to stand and walk. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of his job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually quiet.