Mortgage Shipping Purchase Clearer (Full Time) - Richardson
Prosperity Bank, Richardson, TX, United States
Loan Document Coordinator
Obtain signed closing documents from title company and ship to the appropriate investors and insuring government loans.
Essential Functions And Basic Duties
Coordinating with title companies to receive final signed closing documents
Review documents and stack per investor requirements and upload into Encompass
Maintain tracking system for all packages
Obtain final checks from title company along with Final Closing Disclosure to forward to mortgage accounting department
Airmail Final Note to investor
Confirm accuracy of MERS registration and transfer
Stack the FHA / VA/USDA file in correct order per agency guidelines
Pay the MIP / FF in a timely manner
Complete Insuring data to FHA/VA/USDA systems for final insuring
Receive, upload, and track final docs Deed of Trust and Title Policy
Maintain tracking log of all final documents and call title/recording office to retrieve missing documents
Maintain tracking log of all government loans for insuring and payments to ensure proper timelines
Correct and return any pending conditions issued by government agency
Maintain system for insuring tracking purposes.
Pull payment letters and investor Goodbye letters and update closing log with purchased loans
Secondary Marketing Liaison for all post purchase investor follow up reconciliations
Obtain purchase advises from all investors and coordinate with mortgage accounting for loan payoff
The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.
Supervisory Responsibilities
This role has no supervisory responsibilities.
Qualifications
Education/Certification: High school graduate or equivalent.
Coursework in general office skills helpful.
Required Knowledge: Knowledge of mortgage compliance.
Experience Required: 3 or more years' experience in Mortgage loan shipping or document follow up functions
Physical Activities And Requirements Of This Position
Finger Dexterity: Using primarily just the fingers to make small movements such as typing, picking up small objects or pinching fingers together.
Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
Average Hearing: Able to hear average or normal conversations and receive ordinary information.
Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.
Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.
Physical Strength: Sedentary work; sitting most of the time. Exerts up to 250 lbs. of force occasionally. (Almost all office jobs.)
Working Conditions
None: No hazardous or significantly unpleasant conditions (such as in a typical office).
Mental Activities And Requirements Of This Position
Reasoning Ability: Ability to apply common sense understanding to carry out detailed but uninvolved instructions and to deal with problems involving a few variables.
Mathematics Ability: Ability to perform very basic math skills including adding, subtracting, multiplying, and dividing two-digit numbers; the four basic arithmetic operations with money, and operations with units such as inch, foot, yard; ounce, and pound (or their metric counterparts).
Language Ability: Ability to use passive vocabulary of 5,000-6,000 words; read at a slow rate; and define unfamiliar words in dictionaries for meaning, spelling, and pronunciation. Ability to write complex sentences, using proper punctuation, and using adjectives and adverbs. Ability to communicate in complex sentences, using normal word order with present and past tenses and good vocabulary.
Monday - Friday: 8:00 AM - 5:00 PM. 40 hours.
Obtain signed closing documents from title company and ship to the appropriate investors and insuring government loans.
Essential Functions And Basic Duties
Coordinating with title companies to receive final signed closing documents
Review documents and stack per investor requirements and upload into Encompass
Maintain tracking system for all packages
Obtain final checks from title company along with Final Closing Disclosure to forward to mortgage accounting department
Airmail Final Note to investor
Confirm accuracy of MERS registration and transfer
Stack the FHA / VA/USDA file in correct order per agency guidelines
Pay the MIP / FF in a timely manner
Complete Insuring data to FHA/VA/USDA systems for final insuring
Receive, upload, and track final docs Deed of Trust and Title Policy
Maintain tracking log of all final documents and call title/recording office to retrieve missing documents
Maintain tracking log of all government loans for insuring and payments to ensure proper timelines
Correct and return any pending conditions issued by government agency
Maintain system for insuring tracking purposes.
Pull payment letters and investor Goodbye letters and update closing log with purchased loans
Secondary Marketing Liaison for all post purchase investor follow up reconciliations
Obtain purchase advises from all investors and coordinate with mortgage accounting for loan payoff
The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.
Supervisory Responsibilities
This role has no supervisory responsibilities.
Qualifications
Education/Certification: High school graduate or equivalent.
Coursework in general office skills helpful.
Required Knowledge: Knowledge of mortgage compliance.
Experience Required: 3 or more years' experience in Mortgage loan shipping or document follow up functions
Physical Activities And Requirements Of This Position
Finger Dexterity: Using primarily just the fingers to make small movements such as typing, picking up small objects or pinching fingers together.
Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
Average Hearing: Able to hear average or normal conversations and receive ordinary information.
Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.
Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.
Physical Strength: Sedentary work; sitting most of the time. Exerts up to 250 lbs. of force occasionally. (Almost all office jobs.)
Working Conditions
None: No hazardous or significantly unpleasant conditions (such as in a typical office).
Mental Activities And Requirements Of This Position
Reasoning Ability: Ability to apply common sense understanding to carry out detailed but uninvolved instructions and to deal with problems involving a few variables.
Mathematics Ability: Ability to perform very basic math skills including adding, subtracting, multiplying, and dividing two-digit numbers; the four basic arithmetic operations with money, and operations with units such as inch, foot, yard; ounce, and pound (or their metric counterparts).
Language Ability: Ability to use passive vocabulary of 5,000-6,000 words; read at a slow rate; and define unfamiliar words in dictionaries for meaning, spelling, and pronunciation. Ability to write complex sentences, using proper punctuation, and using adjectives and adverbs. Ability to communicate in complex sentences, using normal word order with present and past tenses and good vocabulary.
Monday - Friday: 8:00 AM - 5:00 PM. 40 hours.