Job Details
Job Details
Job Location
MN - New Brighton, MN
Position Type
Full Time
Job Shift
Day
Description
SUMMARY:
Responsible for the input of new loan information into the computer system and obtain required information to setup new loan files. Extensive administrative work involved in servicing the mortgage loans and providing direct member service to the borrowers. Primary contacts include borrowers, investors, and vendors.
ESSENTIAL RESPONSIBILITIES & DUTIES:
Entry Level
- Bridge loans from LOS system to Servicing system
- Complete new loan set checklist
- Input new loan information into the computer system and obtain required information to set-up loan files.
- Ensure all escrow account information is entered according to closing docs
- Balancing escrow deposit to initial escrow statement
- Review of all documentation to ensure all required documents are included in the loan file.
- Review disclosures and documents for compliance.
Senior Level (all above plus).
- Must be able to perform all responsibilities and functions listed for Level I with high degree of efficiency and independence
- Responsible for the training of the new and current New Loan Set-up
- Weekly reporting to Servicing Director and Servicing Supervisor on new loan setup progress.
- Weekly generation of New Loan Welcome Packets.
- Process GNMA purchase advice.
- Process Loan Closing proceeds
- Process purchase advice for loan investors.
OTHER DUTIES, KNOWLEDGE, SKILLS, ABILITIES:Required:- Thorough knowledge of first mortgage real estate lending practices, including federal regulatory requirements, state regulations, agency and Credit Union requirements.
- Familiarity with AllRegs.
- MS Office.
- Reporting, letter preparation, group presentation and other related communications skills.
- Ability to define problems, collect data, establish facts and draw valid conclusions.
- Ability to attend meetings or perform other assignments at locations outside the office, if necessary.
Preferred:- Familiarity with a mortgage loan closing package and its documents.
- Experience with the Encompass LOS system.
- Familiarity with Tax Service vendor Lereta and Insurance Service vendor Allied Solutions.
- Familiarity with Netronline.com to research tax parcels.
QualificationsREQUIRED QUALIFICATIONS:Education: High school diploma.
Experience: Entry level 0-2 years in mortgage industry. Sr. level 2+ years experience in the mortgage industry
Licenses/Certifications: none