Mortgage Specialist at Florence Bank

Northampton, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

08 Jun, 26

Salary

36.42

Posted On

10 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Processing, HMDA Requirements, Loan Application, Documentation Collection, Credit Analysis, Underwriting Submission, Federal Regulations Compliance, State Regulations Compliance, Customer Service, Loan Estimates Preparation, Income Calculation, Freddie Mac Guidelines, Loan Product Advisor, MAVENT Reports Review, Communication Skills, Computer Software Utilization

Industry

Banking

Description

Are you looking for an employer that provides 5 weeks of PTO and benefits upon hire, focuses on advancement opportunities, and has an overall average employee tenure of a decade? With tuition reimbursement, wellness incentives, and a 401K plan with dollar-for-dollar match, Florence Bank has it all! At Florence Bank, we offer: * Competitive salary * Generous paid time off * Hybrid work schedule after successfully completing 6 months of employment * 12 paid holidays * Dynamic work culture * Fun work environment * Weekly pay schedule * Medical, dental, vision and life insurance upon hire * 401K plan with dollar-for-dollar match * Profit sharing bonus after two full calendar years of employment * Robust wellness program with monetary incentives * $5,000 tuition reimbursement each calendar year We are currently seeking candidates to join our exceptional team for the following position: Job Title: Mortgage Specialist Location: Main Office Salary Range: $23.93 To $36.42 (This position is base pay salary only) *Compensation for this position is commensurate with experience. The posted range is intended to provide a general estimate and does not guarantee a specific rate of pay. Position Summary: Under general supervision, but in accordance with established policies and procedures, maintains thorough knowledge of conventional and USDA products as well as HMDA requirements to act as a liaison with the customer for the initial application process. Collects and prepares all documentation for the loan package. Reviews loan file and analyzes all aspects of the mortgage and equity loan credit package. Prepares a complete and concise loan file in a timely manner for submission to underwriting and denies or withdraws loans, as appropriate. Ensures compliance with Federal and State regulations. Provides quality service to customers and teammates, answering questions and providing information regarding the loan. Essential Functions: 1. Consistently provides superior, professional service to internal and external customers. 2. Consistently meet expectations of teamwork, punctuality, and regular, reliable attendance. 3. Works with other Mortgage Specialists to coordinate the workflow for the mortgage processing function. 4. Maintains thorough knowledge of conventional and USDA products as well as HMDA requirements in order to act as a liaison with the customer for the initial application process. 5. Collects all necessary documentation for the loan package. 6. Orders and follows up on all applicable documentation for files – including but not limited to appraisals, verification of employment, tax transcripts, and flood certifications. 7. Reviews credit report and contacts customer to question delinquencies or credit inquiries. 8. Collects and processes fees from borrowers. 9. Responsible for accurately preparing initial disclosure packages, including Loan Estimates, for mortgages and equity loans. 10. Responsible for accurately preparing initial disclosure packages for mortgage preapprovals. 11. Reviews file and analyzes all aspects of the mortgage and equity loan credit package including but not limited to accuracy of file input, assets, and income documentation. 12. Calculates income in accordance with Bank and Freddie Mac guidelines. 13. Prepares a complete and concise loan file in a timely manner for submission to underwriting. 14. Denies or withdraws loans before submission to underwriting, as appropriate. 15. Denies prequalifications completed by the loan originator, as appropriate. 16. Completes Change of Circumstances and issues revised Loan Estimates, when applicable. 17. Ensures compliance with Federal and State laws and regulations. 18. Runs Loan Product Advisor system and verifies and validates findings. 19. Reviews HMDA and MAVENT Reports for accuracy and makes changes as needed. 20. Provides quality service to customers and teammates, answering questions and providing information throughout the loan process. 21. Maintains and develops procedures related to processing functions. Other Responsibilities: Assumes additional responsibilities, as requested. Education, Experience, and Skills Required: The following skills, experience, or background are necessary (with or without accommodation) for this position. 1. High school diploma or GED, plus real estate or CFT courses. 2. Minimum of 2-3 years prior banking experience. Previous mortgage processing experience preferred. Previous Encompass experience preferred. 3. Knowledge of real estate compliance issues. 4. Strong written and verbal communication skills. 5. Demonstrated ability to utilize computer software programs. 6. Must be able to work independently and handle multiple priorities under specific deadlines and time restraints. Physical Demands/Conditions Requirements: 1. General office environment. 2. Frequent use of computer and telephone. 3. Sits for an extended period of time. Equipment Used: * General office equipment. All employees handling customer accounts and transactions have a duty to report apparent suspicious activity and OFAC matches to the BSA Officer and the Security Officer. Florence Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws.

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Responsibilities

The specialist maintains knowledge of conventional and USDA products and HMDA requirements to manage the initial loan application process, collecting documentation and analyzing credit packages for timely submission to underwriting. Key functions include accurately preparing initial disclosure packages, calculating income according to guidelines, ensuring regulatory compliance, and providing quality service to customers and teammates.