Mortgage Loan Funding Clerk performs routine administrative tasks in support of the mortgage loan funding group. Prepares and finalizes documents and helps with packaging and funding for customers. Being a Mortgage Loan Funding Clerk ensures accuracy in loan closing process. Requires a high school diploma or its equivalent. Additionally, Mortgage Loan Funding Clerk typically reports to a supervisor. The Mortgage Loan Funding Clerk possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
Description
POSITION SUMMARY:
Accurately assists in retrieving and assembling proper loan documentation for loan packages after application is signed and initial disclosures are issued; then responsible for submitting loan packages to underwriting for final approval. Following disclosure of initial documents, responsible for completing the loan package in a timely and efficient manner. Performs variety of clerical duties, requiring knowledge of departmental procedures. Provides support and assistance to officers on a daily basis when needed. Set up & maintains files on each loan; ensuring information is complete and accurate before sending to underwriting.
DUTIES:
1. Order the following documentation for each loan:
a. XML sheet
b. Homeowners Insurance
c. PMI Certificate
d. Veri-tax
e. Form 90/Verification of Employment
f. Customer Information and Risk Profile (CIP)
g. Appraisals as needed
h. Title Commitment as needed
2. Review and ensure accuracy on all documents
3. Verify Income calculations and ensure there is proper documentation of all types of income
4. Attain good knowledge base of all mortgage products
5. Review private mortgage insurance qualifications and submit data to PMI company to obtain certificate
6. Communicate with Loan Officer and Underwriting Department to efficiently gather documentation and complete the loan process
7. Complete Mortgage Workflow tasks that are then sent on to Underwriting
8. Completion of educational assignments
9. Assure loans are processed in accordance with Company policy and procedure
Requirements
RELATIONSHIPS/QUALIFICATIONS:
1. Responsible to the VP, Director of Mortgage Operations/LOS Administrator for the fulfillment of duties assigned
2. This position requires general banking knowledge, specifically in the mortgage and lending areas
3. Basic computer skills and a strong attention to detail and accuracy
4. Will be called on from time to time to participate with community organizations and community projects
WORKING CONDITIONS:
1. Normal office environment
2. Extended viewing of computer screens
3. Moderate lifting up to 25 pounds
4. Repetitive hand and arm movement
Clear All
0 Mortgage Loan Funding Clerk jobs found in Anderson, IN area