Purpose:
To assist the Department Manager(s) in supervising the daily operations of the lending team.
Coordinate, collaborate, and support all facets of the residential loan originations area to ensure operational efficiency and productivity.
Work in conjunction with the managers including assigned functions and provide assistance on the daily workflow and day-to-day business tasks and responsibilities.
Upward mobility readily attainable for the successful candidate.
Job Functions:
Work directly and alongside department heads on all aspects of the loan process.
Including loan application review, second review of underwriting conditions, preclosing and quality control findings.
Monitor and manage workflow with management and maintain proficient turnaround and response times.
Assist with the underwriting process, by thoroughly reviewing the loan packages for approval purposes, proactively identifying solutions for potential underwriting issues, and working in conjunction with the underwriter to monitor findings and a resolution process.
Work cross-functionally with team members to complete tasks; coordinate with processors and other areas to ensure smooth flow of transactions.
Monitor all requests for denied/withdrawn/incomplete files to keep in compliance with ECOA and RESPA.
Daily workflow will include the QC review of TRID compliant Loan Estimates (LEs), Change of Circumstances (COCs) and Closing Disclosure (CD) and the review of loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg.
B, etc.
) and the required disclosures.
Responsible for ensuring that all loan documentation is complete, accurate, verified and complies with bank policy and guidelines.
Review and analyze all necessary documentation, including borrower docs and third-party docs, obtain missing information and determine qualification.
Perform a quality review and analysis of borrower’s credit, employment, income, and assets as required by the particular loan program and/or investors.
Review all required verifications, documentation and subsequent follow-ups and ensure that all timeframes and compliance requirements are being met.
Verify conditions of approval which may include customer income/assets documentation, credit and property review.
Review bank prepared forms for accuracy and inconsistencies.
Suggest or identify defects that can be adjusted and improved.
Maintain product knowledge and stay up-to-date on changes to market conditions
Manage a large pipeline while meeting product specific turn time requirements.
Assist management, as required, in the periodic loan audits to ensure loans comply with bank policy and meet State and Federal regulations.
Complete prefunding file reviews to ensure all loans meet agency and investor standards in addition to complying with Federal, State rules, regulations, and laws.
Other projects and duties as assigned by department managers.
Required Knowledge, Skills and Abilities:
Bachelor’s Degree from a four-year college or university
Minimum of 3 years’ experience in residential mortgage loan processing and/or underwriting.
A senior level candidate may include an officer level corporate title.
Work involves extensive communication with management on their assigned tasks, must be able to troubleshoot and resolve assignments in a timely, accurate, and effective manner.
The position requires advanced mortgage regulation knowledge, quality control experience, and proven problem solving and decision-making skills.
Strong understanding of mortgage lending, including underwriting, operations, and lending compliance.
Demonstrate the ability to perform a detailed analysis of mortgage loan documents, their compliance with applicable federal and state regulations, their adherence to applicable guidelines and to Bank policy and procedures.
Detail-oriented and extremely well organized
Strong written and verbal communication skills
Possess excellent follow up, planning, prioritization, organizational and excellent time management skills.
Able to work independently and proactively, prioritizing workload and handling multiple tasks.
Self-Motivated and ability to facilitate change.
Must be flexible, able to work overtime hours, as required, in a fast paced, potentially stressful environment.
Ability to consistently deliver accurate and organized work.
Strong partnership and relationship building skills to work effectively with internal teams (Processors, Underwriters, closers, etc.
) and external vendors as needed for each transaction.
Excellent computer skills in a Microsoft Windows environment including proficiency in Word, Excel and Outlook are required.
Knowledge of Encompass preferred.
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