Mortgage Loan Operations Specialist

Mortgage Loan Operations Specialist

The Mortgage Loan Operations Specialist is responsible for managing residential mortgage loans throughout the operational lifecycle, including loan opening, disclosure preparation, closing coordination, post-closing review, investor delivery, and portfolio loan boarding.

Essential Functions:

Loan Opening Responsivities:

• Ensure accurate and timely loan data entry
• Generate and deliver initial disclosures
• Order and track appraisals, title work, flood certifications, verifications and payoffs.
• Monitor files to ensure deadlines are met

Closing Responsibilities:

• Prepare closing packages and investor documents
• Review closing disclosures for accuracy
• Coordinate closing with settlement parties
• Verify loan terms, title, insurance and fees

Post-Closing and Secondary Market Responsibilities:

• Review signed closing packages
• Deliver loans to investors and servicing partners
• Clear suspense conditions and funding requirements
• Ensure accurate portfolio loan boarding

Additional Functions:

• Work with Operations Manager at identifying any training deficiencies within the department
• Work with Operations Manager in creating and implementing any process changes that might be needed due to investor or servicer policies
• Assist department with any other assigned duties
• MERS Officer for the Mortgage lending department
• Perform periodic reporting on work progress, project completions, and additional reporting as requested by mortgage Operations manager.

Education and Experience:

• 5 years conventional mortgage experience required
• 5 years closing/post-closing operations experience required
• Ability to analyze settlement packages and title reports is required
• Detailed knowledge of FNMA/FHLMC guidelines is required
• Knowledge of Automated Underwriting Systems LP/DU is recommended
• Excellent communication skills, both written and verbal, are required
• MS Word Suite required

Knowledge, Skills, and Abilities:

• Knowledge of basic mortgage forms and documents
• Ability to work in paperless and remote environment
• Effective interpersonal relationship building skills
• Strong computer skills
• Detail oriented and accurate data entry
• Strong organizational skills
• Ability to work in a fast-paced environment
• Proficient in database management and record keeping.

Compliance:

• It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.

All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability. This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment.