Prepare closed loans for delivery to Secondary Marketing for shipping to investors. Prepare closed loans for insurance by applicable agencies.
Duties and Responsibilities:
Ensure that an accurate, complete shipping package is prepared for each file for delivery to Secondary Marketing. Carefully review all credit and closing documents for compliance with investor and regulatory requirements.
Ensure accurate file maintenance with daily input into the automated mortgage loan system as it pertains to Loan Delivery.
Track activity related to follow-up documentation (exceptions) required on each loan. Communicate clearly with management and to make certain necessary documentation is obtained timely in accordance with investor and guarantor requirements.
Coordinate corrections of errors, requests for additional documentation from investors; ensure follow-up documentation is sent to the investor within established time frame to avoid additional costs or penalties.
Conduct accurate file maintenance to the automated mortgage loan system.
Monitor and maintain commitment expiration dates through daily investor and closed loan reports. Communicate clearly with management to make certain required delivery dates are met.
Perform other duties as assigned. Qualification Requirements:
Education - High school graduate or equivalent.
Experience Required - Not Applicable
Skills - One year in real estate related field; experience with and understanding of mortgage documentation; effective communication skills; excellent organizational skills. Proficient in typing, use of calculator and personal computer systems. Must have general understanding of conventional mortgage loans.
Tenure - Loan Delivery Specialist II, category 13 requires one year tenure with performance that meets or exceeds expectations in the Loan Delivery Specialist I position and/or have met the skills required for that position. Loan Delivery Specialist III, category 12 requires one year tenure with performance that meets or exceeds expectations in the Loan Delivery Specialist II position and/or have met the skills required for that position. Directly related work experience and/or training completion may be substituted for tenure.
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