Mortgage Loan Specialist

SAFE FEDERAL CREDIT UNION • Sumter, SC • 6h ago

SUMMARY:

Perform quality assurance reviews (Post-Closing Audit, Pre-Funding Audit) to ensure mortgage loan processes and documents comply with applicable CFPB requirements and guidelines.

Examine residential loan documentation to ensure completeness, accuracy and compliance with investor standards, and take corrective action as needed.

Responsible for the maintenance of tax and insurance records on mortgaged properties and accurate and timely payment of real estate taxes and insurance on escrow and non-escrow accounts.

Processes all disbursements for customer escrow accounts and provides assistance in resolving tax and insurance related issues.

Assists with the day to day operations of the Mortgage Department, to include but not be limited to escrows, closings, subordinations, loan documentation and follow-up, quality control, tracking and reporting, and answering members basic mortgage questions.

ESSENTIAL DUTIES AND RESPONSIBILITIESinclude the following:

Identify and resolve issues/errors in pre-funding and/or post-closing stage of loan file review, and take corrective action to bring loans in compliance with CFPB regulatory requirements.

Examining loan files for accuracy, completeness, and compliance with policies, internal requirements, investor and regulatory requirements.

Review and re-verify as needed income, tax returns, consumer credit reports, debt to income ratio, asset statements, loan-to-value ratio, employment, etc.

Evaluate loans with declined credit applications for accuracy based upon established risk parameters to ensure conformance with HMDA, regulatory requirements and product guidelines.

Analyzes escrow sufficiency to make sure escrowed funds are sufficient to make required payments.

Monitor hazard insurance for consistent and uninterrupted insurance coverage, including forced place insurance when required.

Ensures timely bill procurement and payments of real estate taxes.

Provides in person or by telephone, information concerning the mortgage loan process and procedures.

Posts to and balances real estate related general ledger.

Organizes pending files.

Prepares various pre-formatted reports.

Organizes and standardizes all the completed mortgage loan files.

Posts payments and disbursements from escrow funds as required.

Follows-up on post loan closing documentation.

Follows-up on new mortgage set-up, pay-offs, and insurance.

Assists in preparation of loan-closing reports/papers for the attorney.

Maintains application and approval records to comply with the Home Mortgage Disclosure Act for the credit union.

Assists Processors in reviewing real estate loan applications; i.e., ordering appraisals, credit reports, wood infestation reports, and income, employment and deposit verifications.

Conducts interviews with loan applicants to assist the Loan Processors as volume warrants.

Other duties as assigned.

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be outgoing, enthusiastic, conscientious, group oriented, open to change and be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Regulatory Requirements:Your position has specific procedures that must be followed to comply with Privacy Act, Office of Foreign Assets Control (OFAC), and Bank Secrecy/Patriot Act. You will receive annual training to keep you current on any changes to these policies/procedures to assure compliance. Failure to comply with procedures may cause termination of your position as well as possible monetary penalties from the federal regulatory agency.

EDUCATION and/or EXPERIENCE:

High school diploma; and at least two years related experience and/or training in real estate lending; or equivalent combination of education and experience in a related field.

Similar Jobs

Customer Support Representative - Work from Home - TurboTax

TurboTax • Sumter, SC • 1d ago

Finance, Accounting & Banking Sponsored

Work from home with TurboTax Product Expert Get paid $18.50 per hour¹ Get a $405 Certification bonus³ Work from home & set your own flexible schedule between 8am EST and 12am midnight EST Monday to Sunday⁴ Earn an ad...

1d ago

Go to Apply

BUDGET ANALYST

Army National Guard Units • Eastover, SC • 1w ago

Finance, Accounting & Banking

Summary This is a National Guard Title 32 Excepted position for a BUDGET ANALYST, Position Description NumberPDD2656000, and is part of the SC SCARNG TRNG SITE CMD, South Carolina Army National Guard. Responsibilities Th...

1w ago

Go to Apply

Medical Coding Educator

Humana • Manning, SC • 12h ago

Hospital & Medical

Become a part of our caring community and help us put health first The Coding Educator 2 identifies opportunities to improve provider documentation and creates an education plan tailored to each assigned provider. Will r...

12h ago

Go to Apply

Truck Driver on-the-job CDL Training

Roehl Transport • Bishopville, SC • 23h ago

Trucking & Construction

On-the-Job CDL Training Program Truck Driving Job Make more of yourself and for yourself. If you qualify, Roehl Transport will pay you to get your CDL ( https://www.roehl.jobs/driving-jobs/cdl-truck-driving-schools ) &am...

23h ago

Go to Apply

Truck Driver on-the-job CDL Training

Roehl Transport • Manning, SC • 1d ago

Trucking & Construction

1d ago

Go to Apply

Interventional Radiologist Needed for Locum Tenens Coverage at Facility in South Carolina

HealthEcareers - Client • Eastover, SC • 1d ago

Hospital & Medical Sponsored

This Job at a Glance Job Reference Id: ORD-202647-MD-SC Title: MD Dates Needed: Oct - Ongoing Shift Type: Day Shift; Call Assignment Type: Clinic Call Required: Yes Board Certification Required: Yes Job Duration: Locums...

1d ago

Go to Apply

Petco Store General Manager

PETCO • Sumter, SC • 1d ago

Retail & Hospitality Sponsored

Create a healthier, brighter future for pets, pet parents and people! If you want to make a real difference, create an exciting career path, feel welcome to be your whole self and nurture your wellbeing, Petco is the pla...

1d ago

Go to Apply

Petco Store General Manager

PETCO • Sumter, SC • 1d ago

Retail & Hospitality Sponsored

If you want to make a real difference, create an exciting career path, feel welcome to be your whole self and nurture your wellbeing, Petco is the place for you. Petco is a category-defining health and wellness company f...

1d ago

Go to Apply

Client Service Rep _Work from home

TurboTax • Sumter, SC • 1d ago

Management & Administrative Sponsored

1d ago

Go to Apply

Entry- Level Customer Service Representative - Work from Home

TurboTax • Sumter, SC • 1d ago

Management & Administrative Sponsored

1d ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.