Mortgage Operations Specialist

Qualified candidates will possess solid organizational, critical thinking, and time management skills as well as the ability to multitask and utilize available tools to accomplish tasks in a fast-paced environment with a high degree of accuracy and professionalism. The candidate must have a working knowledge of all mortgage compliance regulations, investor guidelines and agency guidelines. Mortgage Operations Specialist will serve as a floater, providing coverage and support across various roles within the department.

Responsibilities:

• Must demonstrate knowledge of the Loan Estimate/Closing Disclosure including dates, APR/Non-APR fields to ensure compliance with regulations.
• Monitor pipelines and work with staff to ensure timely delivery and accuracy of fees.
• Comply with credit union policies and federal, state and other governmental rules and regulations for multiple states.
• Communicate with production and operations teams, including Loan Officers, Processors and other departments as necessary to confirm that disclosures are appropriate and give feedback when modifications are required.

• Reviewing applications to ensure that all the relevant paperwork has been submitted.
• Submit vendor requests such as verification of employments, title orders, condo orders, credit verifications, etc.

• Review title commitment for accuracy, liens, judgments, and easements to verify no issues with lien superiority.
• Review sales contract, PMI certificates, lock confirmations, and underwriting approvals for accuracy and verify data entered in Encompass.
• Verifies accuracy of hazard and flood insurance, property tax amounts and due dates for prepaid and escrow accounts.
• Review the closing loan package for accuracy. All documents must meet compliance requirements. Knowledge of RESPA is critical to ensure the right of rescission and closing date compliance is followed.
• Post-Closing- complete the UCD with Fannie/Freddie. Send collateral package to investor or book loan with sub-servicer. Coordinate the post-closing review and upload all pre-purchase packages to investor within 1 day of funding or sooner depending on lock expirations. Review and satisfy all investor pre-purchase conditions timely. Complete internal purchase advise logging for all investor purchased loans.
• Address any errors or missing information in the loan package and coordinate with relevant parties to obtain necessary corrections.
• Handle and track any documents that come in after the initial closing, such as recorded mortgages or final title policies.
• Maintain accurate records of all transactions. Document Encompass with all loan conversations regarding the loan.