Mortgage Specialist
First Bank Texas, Willow Park, TX, United States
Mortgage Loan Specialist
The Mortgage Specialist prepares loan submissions received from the Loan Officers for Underwriting within the banks or other lending institution standards and systems. The Mortgage Specialist submits, tracks, and follows up on all documentation required to close loans.
Responsibilities
Review submissions for completeness of documentation required for loan approval.
Prepare/Review Initial Disclosures.
Submit all eligible files through DU/LP for automated approval prior to submitting to the bank or other lending institutions.
Point of contact for Loan Officer and/or Borrower along with all pertinent partners within the transaction.
Obtain and review needed documentation for final approval. Follow up and work with Loan Officer/Borrower through funding on any items needed to close loans.
Ensure all borrowers receive final 1003 and MLDS in escrow prior to signing loan docs.
Closing Disclosure Review.
Close out files after funding to meet the standards of our Quality Control Department, work on any files with missing documentation or those that may need corrections to make sure that all files meet the banks standards for Quality Control.
Conduct weekly pipeline review meetings with Loan Officers.
Maintain current posted turn times and customer service levels.
Develop and maintain current procedures for all functions within the Loan Processor position.
Performs other related duties as assigned.
Qualifications
High school diploma or equivalent.
3 or more years of experience as a Mortgage Loan Processor.
Strong knowledge of multiple loan programs including FHA/VA, Conventional, ACCESS, USDA DU/LP, Jumbo, and Portfolio.
Must be able to learn and efficiently function in the bank’s Loan Operating System and other technical systems.
Excellent verbal communication skills.
Excellent attention to detail.
Equal Opportunity Employer We are an Equal Opportunity Employer.
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Responsibilities
Review submissions for completeness of documentation required for loan approval.
Prepare/Review Initial Disclosures.
Submit all eligible files through DU/LP for automated approval prior to submitting to the bank or other lending institutions.
Point of contact for Loan Officer and/or Borrower along with all pertinent partners within the transaction.
Obtain and review needed documentation for final approval. Follow up and work with Loan Officer/Borrower through funding on any items needed to close loans.
Ensure all borrowers receive final 1003 and MLDS in escrow prior to signing loan docs.
Closing Disclosure Review.
Close out files after funding to meet the standards of our Quality Control Department, work on any files with missing documentation or those that may need corrections to make sure that all files meet the banks standards for Quality Control.
Conduct weekly pipeline review meetings with Loan Officers.
Maintain current posted turn times and customer service levels.
Develop and maintain current procedures for all functions within the Loan Processor position.
Performs other related duties as assigned.
Qualifications
High school diploma or equivalent.
3 or more years of experience as a Mortgage Loan Processor.
Strong knowledge of multiple loan programs including FHA/VA, Conventional, ACCESS, USDA DU/LP, Jumbo, and Portfolio.
Must be able to learn and efficiently function in the bank’s Loan Operating System and other technical systems.
Excellent verbal communication skills.
Excellent attention to detail.
Equal Opportunity Employer We are an Equal Opportunity Employer.
#J-18808-Ljbffr