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Mortgage Clerk Job Description Sample
Job Description Ranking:
Mortgage Underwriter/Sr. Mortgage Underwriter
Job Description:
Underwrites residential loans ensuring compliance with appropriate company and secondary market investor standards. As a Bank of America Mortgage Underwriter you will be responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and secondary market investor standards. A Mortgage Underwriter will be responsible for examining loan documentations for accuracy and completeness while working with loan originator or production staff to secure all required documents. You may be required to work with more senior mortgage underwriters on loan exceptions having the authority to withdraw and decline loans. Mortgage Underwriters may be involved in one or several types of mortgage lending (conventional, government-backed, etc.) You may also be required to respond directly to individual and investor audits. This job code includes all levels of underwriting authority and exception levels. May respond to individual and investor audits. Must achieve government underwriting authority consistent with individual level of experience, including a successful CAIVERS check. This position is 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. Since 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.
As a Bank of America Mortgage Underwriter you will be responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and secondary market investor standards. A Mortgage Underwriter will be responsible for examining loan documentations for accuracy and completeness while working with loan originator or production staff to secure all required documents. You may be required to work with more senior mortgage underwriters on loan exceptions having the authority to withdraw and decline loans. Mortgage Underwriters may be involved in one or several types of mortgage lending (conventional, government-backed, etc.) You may also be required to respond directly to individual and investor audits. This job code includes all levels of underwriting authority and exception levels.
Required Skills:
Minimum of one to four years recent manual underwriting experience.
Knowledge of DU preferred.
Direct Endorsement (DE) preferred
Proven negotiation and communication skills.
Must show strong capacity to address credit related issues and points of risk to ensure that underwriting meets quality assurance standards.
Familiarity with Secondary Market requirements.
Available to work extended hours as business need requires.
Strong analytical and judgment skills.
Strong oral and written communication skills.
Excellent interpersonal skills.
Must have excellent problem solving skills.
Thorough understanding of credit and an ability to review complex financial documents.
Ability to assess an individual's creditworthiness while adhering to all regulatory and compliance requirements.
Ability to make credit recommendations.
Commitment to teamwork.
Ability to meet production, quality and service standards along with providing direct coaching and feedback to ensure quality.
Self-motivated.
Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment. Attention to detail.
Secondary Market Product Knowledge.
Strong Customer Service Skills. Accepts direction well.
Computer proficiency including high comfort level with Microsoft office product suite.
Math Proficiency.
Desired Skills:
- FHA and VA underwriting experience with DE and SAR.
This role may be filled as a Mortgage Underwriter or Sr. Mortgage Underwriter dependent on relevant experience.
Posting Date: 11/15/2018
Location: Charlotte, NC, GATEWAY VILLAGE, 900 W TRADE ST, - United States
Travel: No
Full / Part-time: Full time
Hours Per Week: 40
Shift: 1st shift
Job Description Ranking:
Mortgage Loan Processor - In Office
Our client is seeking an experienced loan processor.
Responsibilities for Loan Processor:
· Collect and review loan documents to satisfy loan conditions
· Ensure completeness of mortgage loan documentation and meet depart service and quality standards
· Prepare the loan file for underwriting review
· Prepare mortgage loan file by reviewing loan application; clarifying and obtaining additional information.
· Effectively, provide professional internal and external communication whether written or verbal.
Calculate income and Debt to Income ratios.
Continue to stay abreast of underwriting and compliance guidelines
· A team player who actively seeks training opportunities, solutions to various underwriting issues and shares best practices with all team members
· Update all involved after new documents are uploaded or status changes occur
· Provide follow-up on a consistent basis with originators, borrowers, and agents to complete processing
· Build rapport with our internal and external customer
Qualifications for Loan Processor:
· Must have three years of processor related experience
· Thorough working knowledge of underwriting policies, compliance, and procedure
· High level of proficiency with mortgage loan processing and underwriting systems
· Excellent written and oral communication skills
· Strong organizational, problem-solving, multi-tasking and analytical skills
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Responsibilities for Loan Processor:
· Collect and review loan documents to satisfy loan conditions
· Ensure completeness of mortgage loan documentation and meet depart service and quality standards
· Prepare the loan file for underwriting review
· Prepare mortgage loan file by reviewing loan application; clarifying and obtaining additional information.
· Effectively, provide professional internal and external communication whether written or verbal.
Calculate income and Debt to Income ratios.
Continue to stay abreast of underwriting and compliance guidelines
· A team player who actively seeks training opportunities, solutions to various underwriting issues and shares best practices with all team members
· Update all involved after new documents are uploaded or status changes occur
· Provide follow-up on a consistent basis with originators, borrowers, and agents to complete processing
· Build rapport with our internal and external customer
Qualifications for Loan Processor:
· Must have three years of processor related experience
· Thorough working knowledge of underwriting policies, compliance, and procedure
· High level of proficiency with mortgage loan processing and underwriting systems
· Excellent written and oral communication skills
· Strong organizational, problem-solving, multi-tasking and analytical skills
Job Description Ranking:
Corporate Recruiter - Mortgage Industry Experience - Direct Hire
BaronHR has a direct hire opportunity for a Corporate Recruiter with mortgage industry recruiting experience to work in Santa Ana, CA.
Description
The Corporate Recruiter will be responsible for full cycle recruiting, talent sourcing and attracting candidates to interviewing and hiring great employees. A successful recruiter will collaborate with department managers on a regular basis and proactively identify future hiring needs. The Recruiter should also be able to attract candidates using various sources, like social media networks and employee referrals.
Essential Duties and Responsibilities
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Description
The Corporate Recruiter will be responsible for full cycle recruiting, talent sourcing and attracting candidates to interviewing and hiring great employees. A successful recruiter will collaborate with department managers on a regular basis and proactively identify future hiring needs. The Recruiter should also be able to attract candidates using various sources, like social media networks and employee referrals.
Essential Duties and Responsibilities
- Develop plans to attract required skill sets that will ensure top talent is available to support organizational objectives within the company.
- Proactively source candidates through various channels (i.e. ads, referrals, internet sites, social and personal networking, third-party agencies, etc.) and develop the sourcing strategies.
- Source passive candidates through networking using the recruiter’s existing database and internet research techniques
- Support hiring managers in identifying interview evaluation criteria and competencies; establish a consistent and valid candidate assessment process.
- Interface with hiring managers and candidates to negotiate and exchange information with all levels of management.
- Prepare and support hiring manager during the interview process to ensure interviews are conducted efficiently and professionally.
- Manage offer process and salary recommendations.
- Prioritize multiple functions, tasks and manage time efficiently in a fast-paced, changing work environment.
- Achieve high levels of internal customer satisfaction.
- Partner with Hiring Managers to source, qualify, interview and hire top producing Loan Officers/Branch Managers, Operations, and any other Corporate Support Positions.
- Update and maintain Doorway’s Applicant Tracking System (ATS) as candidates move through the recruitment process following the company’s application process.
- 5+ years of recruiting experience
- 2+ years of Mortgage recruiting experience required
- Direct passive searches utilizing Boolean searches, cold call, networking techniques.
- Interviewing, assessment, and negotiation
- Proven expertise in customer relationship management; strong consultative skills
- Advanced ability to develop recruiting strategies for the sourcing, evaluation and selection of corporate talent
- Current, working knowledge of the Microsoft
- Office suite
- High school diploma or equivalent required, Bachelor's Degree preferred
- Previous mortgage servicing experience required
- Previous experience with Jobvite is a plus
Job Description Ranking:
Construction Mortgage Closer- In Office
The Mortgage Loan Closing Coordinator(Closer) will be responsible for closing and funding all loans according to the proper product type, investor, agency and internal guidelines, state and federal guidelines, and all Company processes and procedures in an accurate and timely manner. The Closer is responsible for the accurate preparation of compliant closing documents to ensure they are salable on the secondary market. The Closer will communicate with client, internal staff and other outside agencies to facilitate all closing/funding issues in a timely manner.
Candidates must have experience with Construction to Permanent Loan Programs
Responsibilities:
- Review loans and accurately complete all data input into mortgage loan origination system for preparation to order closing documents.
- Issue accurate and complete closing documents to Title Company or closing agent within three days of scheduled closing date.
- Review CD for accuracy and compliance to all loan product parameters and issue CD Approval.
- Ensure accurate CD data is entered correctly into the Funding Template that results with a net funded wire being in balance.
- Order wires from approved warehouse bank in accordance with their loan level requirements.
- Utilize the Funding Checklist to review the funding package once it has been received from the title company. Ensure information is entered correctly into the Funding Template that results with a net funded wire being in balance.
- Issue funding authorization after documentation has been reviewed and found to be correct.
- Ensure any trailing documents are collected and filed within the correct electronic mortgage loan origination system container for shipping to the investor.
- Other tasks and responsibilities as assigned.
Educational/Experience Requirements:
- High school diploma or equivalent required.
- Minimum of 2 years of mortgage closing experience and knowledge of mortgage loan documentation required.
- Experience with Construction to Permanent Loans would be required
- Must have demonstrated PC proficiency, including knowledge of Microsoft Excel and Word.
- Experience using appraisal management systems preferred.
Job Type: Full-time
Job Description Ranking:
VP Of Mortgage Sales- Consumer Direct Department
Primary Function
The primary responsibility of this position is successful management of a team of mortgage loan originators in a Consumer Direct call-center environment, achieving call center volume and unit objectives.
Responsibilities
- Manages loan originator sales performance, motivation, scheduling, training, and administration of policies/procedures
- Originates and maintains personal loan production
- Ensures originations team is presenting loans at appropriate rate, amounts, terms that comply with Lending program guidelines
- Reviews sales pipeline on daily/monthly basis in order to achieve monthly sales goals
- Advises and assists in resolution of customer complaints concerning any area of the company
- Assists in training/development of loan officers to function in all aspects of the origination process
- Teaches sales techniques in an environment with company provided leads
- Works with the Call Center Unit Manager to achieve team/department goals
- Collaborates with the Operations Department to assist in the flow of production/sales
- Recruits, interviews and selects loan originators
Additional Duties
- Keeps informed of developing trends in the industry
- Coordinates scheduled meetings, training sessions and courses as needed for the call center operation
- Performs other duties as assigned by the Unit Manager
Qualifications
Education and Experience Requirements
- Must have three (3) to (5) years of experience in the retail or call center mortgage industry as a Loan Officer and/or a Manager
- Experience with phone/internet lead solicitation sales
- Prior management experience
- Must have a current, active NMLS License
Job Description Ranking:
Mortgage Closing Manager- In Office
Our Client is seeking an experienced Closing Manager.
This is an in office position. No remote work is permitted, however candidates willing to relocate will be considered.
This is an in office position. No remote work is permitted, however candidates willing to relocate will be considered.
Works under the supervision of a Regional Operations Manager to provide functional, technical and procedural assistance to regional Closers. Collaborates with Regional and Branch Managers to align best practices and process execution with corporate directives for consistency and efficiency. Assists Regional Operation Manager in hiring qualified Closers.
Qualifications
- Success in this job relies on your time management skills, organization, and positive attitude.
- Maintain cost efficiency
- Maintain Regional capacity plan for Closing
- Ability to effectively manage a high volume of loans ensuring closing documents are to title a minimum of 5 business days prior to closing
- Measure, monitor, report and remediate to ensure Closing operates within turn time deliverables; quality standards and cost standards
- Effective collaboration with Regional Operations Manager, Regional Sales Manager, Branch Managers, Corporate Managers
- 7 years of experience in the mortgage industry, preferably in closing positions.
- A minimum of three year’s management experience, preferably in the mortgage industry. Experience managing remotely is a plus.
- Experience In FHA, VA, Conventional Loans Required
- Thorough understanding of mortgage loan documentation, mortgage loan processing, closing, regulatory compliance, underwriting and secondary market/investor requirements.
- Thorough knowledge of TRID Guidelines and closing disclosures
Apply today for Immediate Consideration!
Job Description Ranking:
Mortgage Loan Processor - In Office
Our client is seeking an experienced loan processor.
Responsibilities for Loan Processor:
· Collect and review loan documents to satisfy loan conditions
· Ensure completeness of mortgage loan documentation and meet depart service and quality standards
· Prepare the loan file for underwriting review
· Prepare mortgage loan file by reviewing loan application; clarifying and obtaining additional information.
· Effectively, provide professional internal and external communication whether written or verbal.
Calculate income and Debt to Income ratios.
Continue to stay abreast of underwriting and compliance guidelines
· A team player who actively seeks training opportunities, solutions to various underwriting issues and shares best practices with all team members
· Update all involved after new documents are uploaded or status changes occur
· Provide follow-up on a consistent basis with originators, borrowers, and agents to complete processing
· Build rapport with our internal and external customer
Qualifications for Loan Processor:
· Must have three years of processor related experience
· Thorough working knowledge of underwriting policies, compliance, and procedure
· High level of proficiency with mortgage loan processing and underwriting systems
· Excellent written and oral communication skills
· Strong organizational, problem-solving, multi-tasking and analytical skills
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Responsibilities for Loan Processor:
· Collect and review loan documents to satisfy loan conditions
· Ensure completeness of mortgage loan documentation and meet depart service and quality standards
· Prepare the loan file for underwriting review
· Prepare mortgage loan file by reviewing loan application; clarifying and obtaining additional information.
· Effectively, provide professional internal and external communication whether written or verbal.
Calculate income and Debt to Income ratios.
Continue to stay abreast of underwriting and compliance guidelines
· A team player who actively seeks training opportunities, solutions to various underwriting issues and shares best practices with all team members
· Update all involved after new documents are uploaded or status changes occur
· Provide follow-up on a consistent basis with originators, borrowers, and agents to complete processing
· Build rapport with our internal and external customer
Qualifications for Loan Processor:
· Must have three years of processor related experience
· Thorough working knowledge of underwriting policies, compliance, and procedure
· High level of proficiency with mortgage loan processing and underwriting systems
· Excellent written and oral communication skills
· Strong organizational, problem-solving, multi-tasking and analytical skills
Job Description Ranking:
Wholesale Account Executive- Mortgage
Wholesale Account Executives will bring new broker relationships to company.
Develop existing broker relationships and increase closed loan production via quality sales calls.
Essential Functions:
* Gain approval for 40-60 quality broker relationships;
* Conduct quality sales calls with prospective clients including information gathering, product matching and policy education;
* Conduct quality sales calls with existing clients including information gathering, product matching and policy education;
* Generate registrations which result in closed volume that represents pull-through of 75% or higher;
* Consistantly fund a minimum of 8mm in closed loan production on a monthly basis;
* Work with management and staff to develop professional, respectful relationships between mortgage brokers and internal staff;
* Actively maintain personal pipeline;
* Work with management to actively project closed loan volume and consistantly meet funding goals.
Knowledge and Skill
Requirements:
* Knowledge of the wholesale lending process;
* Knowledge of the selected marketplace and quality mortgage brokers in the marketplace;
* Knowledge of loan programs, standard underwriting guidelines, processing and qc requirements;
* Abiltiy to effectively communicate and present mortgage products, company policies and company procedures;
* Abiltiy to overcome sales objections;
* Ability to question and listen to the client to determine needs and fulfill them
Training and Experience:
* Prior Wholesale Account Executive experience required;
* Minimum 3 years of mortgage industry experience.
Essential Functions:
* Gain approval for 40-60 quality broker relationships;
* Conduct quality sales calls with prospective clients including information gathering, product matching and policy education;
* Conduct quality sales calls with existing clients including information gathering, product matching and policy education;
* Generate registrations which result in closed volume that represents pull-through of 75% or higher;
* Consistantly fund a minimum of 8mm in closed loan production on a monthly basis;
* Work with management and staff to develop professional, respectful relationships between mortgage brokers and internal staff;
* Actively maintain personal pipeline;
* Work with management to actively project closed loan volume and consistantly meet funding goals.
Knowledge and Skill
Requirements:
* Knowledge of the wholesale lending process;
* Knowledge of the selected marketplace and quality mortgage brokers in the marketplace;
* Knowledge of loan programs, standard underwriting guidelines, processing and qc requirements;
* Abiltiy to effectively communicate and present mortgage products, company policies and company procedures;
* Abiltiy to overcome sales objections;
* Ability to question and listen to the client to determine needs and fulfill them
Training and Experience:
* Prior Wholesale Account Executive experience required;
* Minimum 3 years of mortgage industry experience.
Job Description Ranking:
Mortgage Processor- Construction To Perm Experience- In Office
ur client is seeking an experienced loan processor with "Construction to Permanent" Experience to work In Office.
Responsibilities for Loan Processor:
- Collect and review loan documents to satisfy loan conditions
- Ensure completeness of mortgage loan documentation and meet depart service and quality standards
- Prepare the loan file for underwriting review
- Prepare mortgage loan file by reviewing loan application; clarifying and obtaining additional information.
- Effectively, provide professional internal and external communication whether written or verbal.
- Calculate income and Debt to Income ratios.
- Continue to stay abreast of underwriting and compliance guidelines
- A team player who actively seeks training opportunities, solutions to various underwriting issues and shares best practices with all team members
- Update all involved after new documents are uploaded or status changes occur
- Provide follow-up on a consistent basis with originators, borrowers, and agents to complete processing
- Build rapport with our internal and external customer
Qualifications for Loan Processor:
- Must have 5 years of processor experience, working with FHA, VA and Conventional Loans
- Must have experience processing CTP loans
- Thorough working knowledge of underwriting policies, compliance, and procedure
- High level of proficiency with mortgage loan processing and underwriting systems
- Excellent written and oral communication skills
- Strong organizational, problem-solving, multi-tasking and analytical skills
Job Description Ranking:
Mortgage Branch Manager
The Retail Branch Sales Manager is responsible for the direction and management of a team of Retail Loan Officers who are selling lending products and services to prospective clients. The Manager is responsible for ensuring the team achieves sales and profit goals and maintains compliance with Federal, State, Investor and Company guidelines and policies. In addition, this position requires the branch manager to be a top producing loan officer.
Responsibilities
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Responsibilities
- Identify, plan, organize and implement sales programs and strategies to deliver sales objectives.
Evaluate and implement appropriate new sales techniques to increase the team’s sales volume. - Coach sales team to optimize production opportunity.
- Manage, review and coach sales activity for consistent results within Company’s production standards.
- Identify and develop new business sources within the market. Build team strategy for capturing business from potential referral sources
- Recruit retail loan officers for sales team. Identify candidates well suited to represent our client with potential to grow our market share. Train, develop and mentor staff to increase productivity. Responsible for on-boarding experience for new hires.
- Work closely with operations team to ensure a high level of customer service. Help execute defined responsibilities between Sales team and Operations team to ensure the best outcome for the client while maximizing sales potential.
- Perform daily management of the loan officers on assigned branch team.
- Manage the presentation of loan products to customers and make sure loan officers manage their pipeline until loan is funded.
- Ensure each prospective client receives a high level of customer service and follow through.
- Evaluate data to determine local market potential and make recommendation on business plan for the branch.
- Manage staff by providing goals, support, oversight, supervision and training.
- Strong sales and oral communication skills with interpersonal skills required.
- Must be able to manage staff, lead branch initiatives and work well in a team environment.
- Knowledge of mortgage/home equity origination processes
- Knowledge of mortgage lending selling techniques and strategies.
- Solid working knowledge of retail mortgage loan pricing
- Strong selling skills are necessary, with the ability to convert prospects to customers.
- Must have the ability to manage multiple deadlines and priorities without sacrificing profitability.
- Must have a book of business and close a minimum of $1 million a month
- Minimum 3- 5 years’ experience as a broker or loan originator of conforming, FHA/VA and non-conforming loan products
- Minimum 3 years current experience managing a branch and loan officers in the mortgage industry,
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