Mortgage Clerk Job Description Sample

Mortgage Document Clerk

MetaSource is seeking a dynamic, detail-oriented employee to join its Mortgage Service team.

What does the Mortgage Document Clerk Do?

The Document/Indexing Clerk assists and provides support in the review of mortgage loan documents and correctly identifies and classifies the documents.

Responsibilities:

• Recognize documentation and the proper procedures in processing them

• Recognize initial and final application dates from documentation provided

• Classify documents according to the naming convention

• Link multiple packages together to create a singular loan document package for internal audit review teams

• Process mortgage document packages through the indexing software to complete the package in a PDF format

• Communicate with co-workers, management, clients and others in a courteous and professional manner

Qualifications?

• High School GED or equivalent or any combination of education and experience

• Mortgage lending experience preferred

• Experience in data entry/document management preferred

• Ability to read and interpret documents such as company policies; ability to write routine reports and correspondences

• Experience with Microsoft Office, such as Microsoft Word, Microsoft Excel, and Microsoft Outlook; experience using and creating PDFs

What we offer?

• Competitive Pay

• Ongoing Training

• Casual Dress

• Great Benefits:

• Medical, Dental, Vision, 401K

• Company paid; Basic Life Insurance and Short-Term Disability

• Generous Paid Time Off

Our Culture

At MetaSource, we believe in practicing a culture of best-in-class performance, employee involvement, and continual improvement. We are committed to fostering growth and learning in the workplace and to recognizing individuals and their contributions. Our shared vision provides an environment that cultivates integrity and respect. We believe our team members are our number one assets and are dedicated to their care and growth. Come join the MetaSource team!

To apply for a job go to: http://metasource.applicantpro.com/jobs/

For details on Metasource, like our history and company culture; check out our website at: www.metasource.com . You may also go to our Facebook page and be sure to LIKE us!

Employment is contingent upon completing and passing a background check and drug test. Metasource is an equal opportunity employer.

The Position

Our client is seeking to fill a Mortgage Processor/Underwriter role within 1 hour of the Woodward, OK market. The successful candidate will be responsible for proper underwriting of residential loan requests and the support of loan processing of conventional loans. Ensuring each loans processing compliance within the Bank’s corporate guidelines, investor requirements, and regulatory mandates.

This position has a generous salary of up to $65K and a full benefits package,

Mortgage Processor/Underwriter responsibilities include:

• Responsible for underwriting decision on all conventional loan requests. These decisions must adhere to the investor, insurer and/or the Bank’s corporate standards with minimum risk.
• Receiving closed manufactured housing loans and reviewing package to ensure all documentation listed on the cover checklist is in the package and is fully executed.
• Reviewing closed manufactured housing loans while completing the LAR (Loan Approval) Excel checklist to ensure they are within the MLCS guidelines.
• Reviewing income and debt documentation to ensure the final ratios were accurately determined.
• Gathering additional required documentation on all closed loan files using Excel and appropriate internet pages.
• Imputing data from loan package to the Loan Operations Excel sheet.
• Combining loan documentation in Adobe to ensure all loan packages are saved in the same format.
• Importing loan file documentation to Mortgage Servicer software using pre-defined naming conventions to ensure all files are stored uniformly.
• Perform all other duties as requested or assigned

Requirements

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Bachelor’s Degree (BA/BS); and /or 1-2 years underwriting experience; or equivalent combination of education and experience preferred.
• Three or more years of experience in the residential mortgage industry.
• Thorough understanding of underwriting policies and procedures including knowledge of Conventional, guidelines, and standards. (Knowledge of FHA and VA guidelines is a plus.)
• The ability to solve complex problems and clearly articulate issues and solutions.
• Ability to utilize Loan Origination Software, prior experience with Encompass considered a plus.
• Superior organizational and written/verbal communication skills.
• The ability to work independently and balance multiple projects

Benefits

This position has a generous salary of up to $65K and a full benefits package,

Under the general direction of a department manager, responsible for supervising the day to day activities related to administration and coordination of all mortgage loan servicing and operational functions. Also responsible for all functions regarding quality compliance, and procedures as they pertain to operations and documentation. Supervises and trains all processing and support staff including interviewing and making recommendations for hiring, and performance management. Provides ongoing training, motivation, and team building of support staff. Manages the loan pipeline to ensure efficient delivery of files to underwriting and closing. Coordinates work flow both within the business line and with other departments. Maintains compliance with all applicable laws and regulations to achieve satisfactory procedural and compliance audits or examinations.

Basic Qualifications

• Bachelor's degree, or equivalent work experience

• Five or more years of experience in mortgage banking with emphasis on servicing/processing

• Minimum one year of supervisory experience

Preferred Skills/Experience

• Thorough knowledge of the applicable operational area, the product and services, applicable laws and regulations, and an understanding of applicable system(s) functionality

• Strong decision-making, analytical and problem-solving skills

• Ability to collect, organize, synthesize and communicate information

• Advanced computer navigation skills using a variety of software packages including Microsoft Office applications

• Strong verbal and written communication skills

• Ability to thrive in a team environment and effectively lead individuals

Job Description:

Mortgage Loan Coordinator (MLC) is responsible for providing support to the assigned Platinum Club MLO. The roles and assignments are reviewed on an annual basis. The primary focus of the position is to manage the clerical/administrative and loan processing duties of the Sales Office. A MLC may be the initial point of contact for a customer and must be able to effectively communicate to the customer, including receiving information from a customer who may be a potential sale opportunity for the Platinum Club MLO. Tasks include managing the loan process, including collecting additional documents as required by underwriting in order to insure timely closing of loans. In addition, a MLC may input loan application data provided. However, a MLC cannot take applications, quote rates or sell products. They will serve as a liaison for the loan center and the customer. Mortgage knowledge is utilized by managing appraisal/values, title forms, certifications, and other mortgage documents. MLCs are responsible for distributing marketing materials; this may include a weekly newsletter and/or quarterly newsletter.

This position may be subject to SAFE Act Registration Requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential loan mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing under the SAFE Act requirements. If at any time the Bank determines that your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to register successfully or to maintain a status in good standing under the SAFE Act will affect your eligibility for continued employment and may result in disciplinary action up to and including termination.

Required skills:

• Understands and comprehends the Mortgage Loan Process through closing

• Solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously

• Ability to demonstrate excellent communication and organizational skills

• Strong computer skills including a fundamental understanding of MS applications, database management

• Capable of pursuing Bank of America resources and how to access them

• Ability to build and sustain relationships with customers through marketing techniques

Desired skills:

• Familiar with FHA and HUD guidelines

• Government Processing Experience

• Mortgage sales and processing experience.

• Maintain mortgage knowledge

• Keep current on policies and procedures

Posting Date: 07/18/2019

Location: Richmond, VA, 3601 COX RD (VA2979), - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

Key Mortgage is looking for experienced Korean/English bi-lingual loan officers to join our seven-time Top Employer organization, where the best in the business are making mortgages easier for clients across
Chicagoland.

Responsibilities:

· Responsible for origination of quality residential mortgages.

· Comply with all applicable laws, regulations and lending policies.

· Use company programs for providing services and developing new business.

· Develop relationships and solicit loan applications through pro-active contact with local Realtors, attorneys, financial planners, and other referral sources.

· Provide services to current and prospective customers seeking residential mortgage loans.

· Interview applicants to develop information concerning their needs.

· Obtain and analyze pertinent financial data for each loan applicant.

· Ensure loan applications are complete and accurate according to policy.

· Interview applicants, and examine, evaluate, and recommend approval of customer applications for first mortgages, second mortgages, lines of credit, and multi-family/commercial loans.

· Analyze applicant financial status, credit, and property evaluation to determine feasibility of granting a loan.

· Stay informed of trends and developments in the local market as well as the changing rules and regulations.

Requirements

· At least 2 years’ residential lending experience is preferred.

· Desktop Underwriting and/or Loan Prospector experience preferred.

· Proven sales experience and relationship building skills.

· Experience and skill in laptop origination.

· Excellent communication skills as well as PC skills.

· Must be a self-starter and able to handle multiple tasks.

· Excellent follow up skills with internal and external customers at all levels.

· Demonstrate proven ability to multi task in a fast paced, ever-changing environment, working independently and using sound business. judgment while fostering profitable business relationships.

· Superior sales, interpersonal, leadership, planning, and marketing skills.

· Ability to work effectively across functional and organizational lines.

· Excellent problem resolution and facilitation skills.

· Diligent in networking real estate agents and attorneys to obtain additional business.

· Strong knowledge of conventional loan programs. Knowledge of FHA/VA loan programs is desirable.

· Data entry competency to use technology for lead management and POS functions.

· Must be bilingual in Korean/English.

Benefits

Deep experience. Expert knowledge. Entrepreneurial spirit. They are all important to be successful in today's market.

At Key Mortgage Services, we believe these characteristics provide a great start to the base formula to be successful in this industry, however, we believe having integrity is the most important. It’s part of our DNA here. Integrity refers to the quality of being honest and having strong moral principles; moral uprightness. We focus on doing the right thing for our customer and the community -- that’s what drives every decision we make. We want you to be successful if you work here, and we give you the tools and training that empowers you to do more business and do it the right way... with integrity.

It starts with the entire transaction team. You need to be able to trust your team: from the executive team to your processor, underwriter, and your appraiser. They’re all connected to you -- one team dedicated to doing things right. And that’s where our boutique styled business is an advantage. You have complete access and control of your team because they work steps away from you, unlike big bank operations where your team could be scattered around the globe.

Whether you are a loan officer, closer or processor, or a real estate broker, when you choose Key Mortgage Services, you choose to work with an employer and a lender who empowers you to be your best, grow your business or your career, and help buyers realize their dream of homeownership.

Position Description

Completes loan applications, submits loan files to processing and provides the highest level of customer service to our customers. Designs and implements comprehensive business plan to increase sales and build relationships with referral sources.

Position Accountabilities

• Completes telephone, mail-away and face-to-face Loan Applications with clients and approves loan disclosures for distribution to clients. All required fields in the application to be completed including all third party information prior to approval.

• Determines proper program placement of a loan file (i.e. FHA, VA, Conventional, USDA, etc.).

• Prices loans and locks rates as per Company policy.

• Reviews returned applications and documentation for completeness, accuracy, and compliance.

• Runs AUS and reviews for findings and required documentation.

• Prepares requested Pre-Qualifications as per Company policy. Orders credit reports, appraisals and title requests. Conducts regular follow-ups with clients and referral sources.

• Maintains regular communication with applicants throughout the processing period, assisting them with any questions and notifying them of any additional information required.

• Submits loan file allowing for stated turn times and works in conjunction with assigned Processor.

• Maintains pipeline of all loans in process, tracks their progress and meets all contractual deadlines.

• Assists all parties including the Processor during the entire process.

• Meets or exceeds minimum production requirements.

• Attends all settlements when possible.

• Completes annual Business Plan and meets regularly with Sales Manager.

• Keep informed of trends and developments in the local real estate market and competitive environment, as well as changes in rules and regulations pertaining to both private and government insured mortgages.

• Maintain a professional image and standards consistent with company policies and procedures.

Organizational Relationship

Reports to Sales Manager/Branch Manager

Requirements Position Qualifications

Education & Experience

• Minimum of 2 years loan officer experience, or industry equivalent if Sales Manager or Branch Manager deem history acceptable.
• NMLS registration required

Knowledge & Skills

• Proven ability to read, write and communicate at a level consistent with the requirements of this position and to generate independent leads for new business and professionally communicate with existing and past clients.

• Working knowledge of standard loan products in the industry and strong familiarity with underwriting guidelines.

We are proud to be an EEO/AA employer, Minority/Female/Disability/Veteran. We maintain a drug-free workplace. Apply On-line Send This Job to a Friend

Job Description:

Mortgage Loan Coordinator Elite/Pinnacle (MLC E/P) is responsible for providing support to qualifying MLO(s). The primary focus of the position is to manage the clerical/administrative and loan processing duties. A MLC E/P may be the initial point of contact for a customer and must be able to effectively communicate to the customer, including receiving information from a customer who may be a potential sales opportunity for the MLO. Tasks include managing the loan process, including collecting additional documents as required by underwriting in order to insure timely closing of loans. In addition, a MLC E/P may updated loan application data provided by the MLO. However, an MLC E/P cannot take the application, quote rates or sell products (board loan.). They will serve as a liaison for the loan center and the customer. MLC II will perform pipeline reviews daily through loan closing, aiding with customer, partner or MLO escalations. Utilize Mortgage Expertise to assist Loan Officer in proactively structuring loans consistent with our product and credit guidelines MLCs are responsible for distributing marketing materials; this may include a weekly newsletter and/or quarterly newsletter.

This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. If your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.

Required Skills:

• Understands and comprehends the Mortgage Loan Process through closing

• Solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously

• Ability to demonstrate excellent communication and organizational skills

• Strong computer skills including an fundamental understanding of MS applications, database management

• Capable of pursuing Bank of America resources and how to access them

• Ability to build and sustain relationships with customers through marketing techniques

Desired Skills:

• Familiar with FHA and HUD guidelines

• Government Processing Experience

• Mortgage sales and processing experience.

• Maintain mortgage knowledge

• Keep current on policies and procedures

Posting Date: 07/18/2019

Location: Fort Worth, TX, 5128 Apache Plume Rd (TX6494), - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

Description

• Effectively communicate with all levels of management, both internal and external customers; manage professional relationships throughout the organization and community served. Maintain expertise in the use of Citizens Bank. point of sale origination system, Empower, ensuring that your sales staff is well versed in the same.

• Communicate monthly with Divisional Leadership Team, i.e.: pipeline status, closing results achieved versus forecast.

• Responsible for developing and maintaining a team relationship between the Sales and Operations Teams.

• Ensure that the Loan Originator provides clear, concise and customer focused communication throughout the entire loan process.

• Responsible for the effective supervision of Loan Originators; identify and meet training needs.

• Maintain extensive knowledge of Citizens Bank products, policies and procedures; industry standards and guidelines.

• Evaluate and report employee performance, i.e.: recommend action/solution to address any performance issue.

• Effective forecasting in order to meet the monthly closing goals as established by senior management.

• Maintain superior customer service levels within company standard, identifying strengths and weaknesses.

Qualifications

• 10 plus years Residential Mortgage Sales experience.

• 7 plus years management experience in Mortgage Sales environment.

• Strong communication skills required.

• Individual must be prepared to insure understanding of and support for all corporate and division performance standards and fiscal goals.

• Have the proven ability to recruit top Loan Officer's for assigned region.

• Bachelor's Degree, preferred.

• Successful candidate must meet and comply with all requirements for Mortgage Loan Originators set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.

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GENERAL FUNCTION:

Member of the residential mortgage executive team reporting to the President of Mortgage, responsible for Mortgage Capital Markets including Secondary Marketing, Mortgage Servicing Rights Management, Pricing, Trading, Portfolio Management, Loan Securitization, GSE and Investor Relationships. Drives profitability and minimizes interest rate risk. Partners with channel heads and other executives to drive profitable mortgage business.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Member of the executive management team for residential mortgage that is responsible for establishing and driving business results.

• Provides strategy, direction, and overall leadership for mortgage capital markets to drive business results, and P&L financial performance.

• Manage the Mortgage Servicing Rights investment.

• Manage the Secondary Marketing/Capital Markets function including pricing, trading, hedging, model management, loan sales and securitization, balance sheet management, pooling and delivery, interest rate risk management, investor relations, due diligence, the registrations desk, financial forecasting and P&L measurement.

• Establish pricing policies and execute on appropriate pricing strategy to maximize profitability

• Develop and manage relationships with GSE's, investors, mortgage insurance companies, and vendors

• Develop and execute strategies that improve returns while maintaining risk within the Board and management approved guidelines for market risk and other risks.

• Establish and maintain risk policies and procedures in agreement with Bancorp policies and regulatory requirements, and ensure compliance.

• Support and oversee models, as it relates to mortgage capital markets and stress test related processes.

• Remain current on all market and industry best practices as it relates to mortgage capital markets.

• Provide the Chair for the Secondary Marketing Committee, and Mortgage Servicing Rights Committee, and represent mortgage at other Committee's as requested.

• Provide strategic insight and technical guidance for short run and long run planning and strategies of the organization.

• Interacts with Senior and Executive Managers of the Bancorp including Executives, Finance, Treasury, Market Risk, Risk and Compliance on a regular basis regarding the reporting, promotion, and project management of the mortgage division.

• Identify and execute on various projects.

SUPERVISORY RESPONSIBILITIES:

Lead the employees by providing employees timely, candid, and constructive performance feedback, developing employees to their fullest potential and providing challenging opportunities that enhance employee career growth, developing the appropriate talent pool to ensure adequate bench strength and succession; recognizing and rewarding employees for accomplishments.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED

• Bachelor's degree in business related area.

• Masters degree or CFA preferred.

• In depth knowledge of all aspects of mortgage capital markets.

• Minimum ten or more years in mortgage capital markets.

• Minimum of 5+ years of management experience.

• Strong interpersonal and communication skills.

• Demonstrated leadership Competencies: Strategic Agility with Execution, Change Leadership, Critical Thinking, and Talent Optimization.

• Well developed interpersonal and communication skills.

• Ability to work in a team environment.

Head of Mortgage Capital Markets

LOCATION -- Cincinnati, Ohio 45227

Fifth Third Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.