Operations Assistant
Primary Residential Mortgage Inc., Cranston, RI, United States
4171, 647 Oaklawn Ave., Cranston, RI 02920, USA
Position Purpose
The purpose of this position is to ensure the accuracy of closing documents by reviewing the chosen investor, loan program, form numbers, dates, margins, caps, etc. and contacting the branch for further clarification if needed.
Prepares and provides mortgage closing docs for the buyer(s)/borrower(s) to sign at closing.
Verifies accuracy and consistency of specifications on documents, such as closing submission and approval forms and notifies branch of any inconsistencies.
Answers any questions regarding closing requirements for all parties.
Enters all required information into DataTrac or any other required closing system.
Assembles documents for delivery to the title company, real estate broker, or lending officer for closing, including final 1003, GFE, initial disclosures, tax returns, borrower explanation letter, hold harmless, or any other required conditions.
Contacts applicants by telephone, e‑mail or in‑person meetings to gather financial information including employment situation, salary, assets, financial status, current debts, and expenses.
Orders appraisal and title and assists in loan application completion.
Verifies data given to them by clients, including employment length, financial statement accuracy, and collateral asset values.
Makes changes (fees, interest adjustments, payment dates, etc.) to closing documents when necessary, updates DataTrac, sends new documents to closing agent, and updates DocumentTrac.
Completes checklist for specialty loan types or ARMs.
Clears underwriting conditions and reviews closing conditions.
Submits application to the lender and contacts and communicates with loan closer.
Runs compliance ease reports on all files before closing documents are released.
Completes mortgage loan applications by collecting employment and financial data.
Qualifications
Previous mortgage or title experience.
Basic reading, writing, and arithmetic skills.
Strong attention to detail.
Strong communication skills, both written and oral.
Ability to effectively and professionally handle difficult situations that may arise when working with branches/divisions.
Ability to multi‑task and manage time efficiently.
Knowledge of Microsoft Office applications.
Familiarity with accounting terms and procedures (e.g. debits, credits, general ledgers, etc.).
Preferences
Excellent communication and customer service skills.
Strong attention to detail and organization skills.
Self‑motivation and ability to work well with a team.
Work Requirements
Each employee must be able to communicate clearly and effectively, utilize a computer, maintain a work schedule, and effectively perform in an office setting. To maintain and ensure secure privacy of borrower (and other protected) information, an essential function of this job may require physical attendance in a defined office space (i.e. branch or corporate office location). Employment with PRMI requires compliance with and adherence to all applicable mortgage and fair lending laws and regulations as well as PRMI policies. The ability to work extended hours may be required.
Equal Opportunity Employer. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
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Position Purpose
The purpose of this position is to ensure the accuracy of closing documents by reviewing the chosen investor, loan program, form numbers, dates, margins, caps, etc. and contacting the branch for further clarification if needed.
Prepares and provides mortgage closing docs for the buyer(s)/borrower(s) to sign at closing.
Verifies accuracy and consistency of specifications on documents, such as closing submission and approval forms and notifies branch of any inconsistencies.
Answers any questions regarding closing requirements for all parties.
Enters all required information into DataTrac or any other required closing system.
Assembles documents for delivery to the title company, real estate broker, or lending officer for closing, including final 1003, GFE, initial disclosures, tax returns, borrower explanation letter, hold harmless, or any other required conditions.
Contacts applicants by telephone, e‑mail or in‑person meetings to gather financial information including employment situation, salary, assets, financial status, current debts, and expenses.
Orders appraisal and title and assists in loan application completion.
Verifies data given to them by clients, including employment length, financial statement accuracy, and collateral asset values.
Makes changes (fees, interest adjustments, payment dates, etc.) to closing documents when necessary, updates DataTrac, sends new documents to closing agent, and updates DocumentTrac.
Completes checklist for specialty loan types or ARMs.
Clears underwriting conditions and reviews closing conditions.
Submits application to the lender and contacts and communicates with loan closer.
Runs compliance ease reports on all files before closing documents are released.
Completes mortgage loan applications by collecting employment and financial data.
Qualifications
Previous mortgage or title experience.
Basic reading, writing, and arithmetic skills.
Strong attention to detail.
Strong communication skills, both written and oral.
Ability to effectively and professionally handle difficult situations that may arise when working with branches/divisions.
Ability to multi‑task and manage time efficiently.
Knowledge of Microsoft Office applications.
Familiarity with accounting terms and procedures (e.g. debits, credits, general ledgers, etc.).
Preferences
Excellent communication and customer service skills.
Strong attention to detail and organization skills.
Self‑motivation and ability to work well with a team.
Work Requirements
Each employee must be able to communicate clearly and effectively, utilize a computer, maintain a work schedule, and effectively perform in an office setting. To maintain and ensure secure privacy of borrower (and other protected) information, an essential function of this job may require physical attendance in a defined office space (i.e. branch or corporate office location). Employment with PRMI requires compliance with and adherence to all applicable mortgage and fair lending laws and regulations as well as PRMI policies. The ability to work extended hours may be required.
Equal Opportunity Employer. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
#J-18808-Ljbffr