Mortgage Operations Specialist at Security State Bank & Trust

Fort Worth, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

09 Apr, 26

Salary

0.0

Posted On

09 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Lending, Customer Service, Attention to Detail, Organizational Skills, Communication Skills, Multi-tasking, Real Estate Loan Documents, Compliance Review, Loan Processing, Closing Coordination, Documentation Management, Fraud Reporting, Microsoft Office, Encompass, Loan Estimates, Funding Reconciliation

Industry

Banking

Description

Description Position Summary: The Mortgage Operations Specialist serves a multi-purpose role and fulfills the responsibilities of a Mortgage Loan Specialist (Processor), Closing Coordinator, and Department Support. This position is responsible for delivering quality customer experiences to current and potential customers. Employees in this position must demonstrate a general knowledge of Mortgage Lending from Application to Funding. The Mortgage Operations Specialist must possess a positive attitude, good communication skills and a strong work ethic. Responsibilities: · Emulate SSB&T Core Values Processing Specific: · Reviews and establishes loan e-folder for all required documentation including income, credit report, bank statements, IDs, purchase contract, refi documents, real estate owned documentation, etc. · Orders flood certs, tax transcripts, title commitments, tax certificates, appraisal, survey (if needed), insurance policies, payoffs, verifications of employment, verifications of mortgage, credit supplements, FHA/VA case #, etc. · Requests any additional documentation needed from borrower, realtor, builder, title company, surveyor, insurance company, credit vendor, etc. · Run fraud report, LDP/GSA inquiries, FNMA Desktop Underwriter, FreddieMac Loan Prospector, Mavent, pre-close credit report, etc. · Submits complete loan file to underwriting for approval and or conditions · Requests all Conditional Approval conditions for submission to UW for Final Approval · Utilizes Loan Closing Checklist and prepares request for documents. · Prepares Changed Circumstance Loan Estimates (COC) for changes in fees that occur during loan processing · Compiles credit file for upload to investor to purchase · Other duties as assigned Closing Coordinator Specific: · Reviews UW approval, fees itemization, invoices and borrower receipts. · Confirms loan passes compliance review from Approval to Funding. · Submits request for Closing Disclosure and loan documents from fulfillment vendor. · Reviews Closing Disclosure for accuracy, updates Encompass accordingly. · Sends Initial Closing Disclosure to borrowers in prescribed timeframes and methods. · Coordinates closing dates and times with all parties involved in the transaction. · Reviews closing document package from fulfillment vendor for accuracy prior to closing. · Assists fulfillment vendor & title company with documentation required for loan funding. · Prepares Funding Reconciliation for approval · Prepares Wire request for funding and approval. · Moves milestone to Funding in Encompass after funding authorization number is received. · Assigns executed loan documents to appropriate eFolder buckets in order to be shipped. · Compiles documents and builds Horizon package and sends to Loan Operations department to book loan on Horizon system. · Assists Secondary Market Specialists with documents requested from investor for loan purchase. · Mails Goodbye Letters and insurance change notices for sold loans Requirements · High School diploma or equivalent · Associates or Bachelor’s Degree preferred · 3 years real estate loan experience in a financial institution or title company · Knowledge of real estate loan documents, title documents, insurance policies, tax information, etc. · In-depth knowledge of current mortgage lending guidelines as well as state and federal regulations · Exceptional attention to detail and strong organizational skills · Must be able to efficiently multi-task with accuracy. · Excellent interpersonal, written and oral communication skills · Computer skills: Microsoft Office products, Outlook and Encompass or similar LOS

Responsibilities

The Mortgage Operations Specialist is responsible for processing mortgage loans, coordinating closings, and providing departmental support. This includes reviewing documentation, ensuring compliance, and facilitating communication between all parties involved in the loan process.