Residential Mortgage Operations Specialist

Job Title: Residential Mortgage Operations Specialist

Skill: Retail Mortgages

Minimum Experience: 2 - 4 Years

Location: Cincinnati OH

we are seeking exceptional talent to fulfill various back-office mortgage roles to include Processing Closing Servicing Pre-Closing & Mortgage Document Coordinator.

Responsibilities could include:

Quality control of loans in Encompass and boarding of loans to IBS

Ensure proper follow-up and filing of original loan documents (Note recorded Mortgage Title Policy and Assignments) within the prescribed timeframes to complete the Collateral files.

Ensure proper follow-ups for all required recorded mortgage documents corrections to recorded documents and re-recording of mortgage documents.

Ensure proper follow-ups for all final title policies and corrections to final title policies

Assist with the follow-up on corrective documentation sent to borrowers and/or settlement agents.

Assist with the preparation and submission of external home equity subordination requests.

Review title work supplied by applicants settlement agent.

Communicate with settlement the agent regarding obtaining any missing documentation.

Clear all mortgage commitment conditions.

Coordinate and schedule the closing with the applicant and settlement agent.

Verify that the proposed mortgage will constitute a valid first lien

Order and review appraisals titles and updates of flood certifications if expired.

Score applications using the automated underwriting systems (DU and LP) and review decision results.

Communicate internally to advise of required documentation needed of applicants.

Verify the accuracy of received information and update Encompass as needed

Review income documents (pay stubs tax returns)

Upload tax returns to LoanBeam to obtain income calculation for self employed borrowers

Move and rename unassigned documents into appropriate placeholders in Encompass.

Review and organize completed files for submission to underwriters

Manage an assigned pipeline of loans

Collaborate with Home Loan Consultant (HLC) to identify viable solutions while maintaining high credit quality.

Update loan records with all activity and comments.

Request verifications (VOE VOD VOM etc.) when applicable.

Communicate internally to provide status updates regarding customer loan applications.

Verify data as per Data Verification report

Experience required:

2 years of Mortgage experience preferrable in back-office retail mortgages

Familiarity with conventional FHA VA and other loan programs

Experience reviewing income credit assets and appraisal documentation

Understanding of federal and state lending regulations

Ability to ensure compliance with investor and company guidelines