Job Summary
Perform all duties necessary to process and close secondary market real estate loans.
Ensure the accuracy of required documentation necessary for loan submittal to underwriting, loan documents prior to closing and submission to the loan investor.
This position may support mortgage bankers in other markets.
Primary Accountabilities
Maintain processing time lines that are established for secondary market loans to ensure loans are processed and approved in a timely manner.
Maintain a high level of file quality throughout the mortgage process which includes organization of the documentation, accuracy of data input, ensuring the loan file meets the requirements of the secondary market and providing a detailed analysis of the loan in the file comments.
Order all verification documents required for loan approval and review all loan documentation for accuracy.
Have consistent and open communication on the loan files which includes weekly status updates on all files with the mortgage banker.
Maintain working knowledge of investor requirements and the requirements on all loan types, including Conventional, FHA, USDA RD and VA.
Stay abreast of changes to the mortgage process and secondary market guidelines.
Be proficient in Encompass and the Automated Underwriting Systems (AUS).
Ensure Guaranteed Underwriting System (GUS) is updated accurately after verifications are received.
Ensure loans are complete and accurate for underwriting and closing.
Ensure loans comply with applicable state and federal compliance guidelines.
Secondary Accountabilities
Aid co-workers with processing files and work with co-workers to resolve any file issues.
Provide prompt and courteous service to customers (both internal and external) and all third-party affiliates.
Perform other duties as assigned.
Maintain educational and professional expertise through attendance at job related seminars, conferences, and on-line training.
We offer the opportunity for career growth and development in a professional and pleasant working environment.
We offer a competitive salary and exceptional benefits package including:
Health Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage
Dental Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage
Health Savings Account
Life Insurance for the employee and family
Paid Vacation and Sick Time
Retirement Plan Options
Additional Perks and Benefits
Experience
Preferred
3 year(s): Mortgage Experience
Education
Required
Associates or better in Finance
Skills
Required
Maintain Confidentiality
Make Deadlines
Oral and Written Communication
Problem Solving
Interpersonal Skills
Follow Direction
Behaviors
Required
Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
Team Player: Works well as a member of a group
Dedicated: Devoted to a task or purpose with loyalty or integrity
Motivations
Required
Self-Starter: Inspired to perform without outside help
Flexibility: Inspired to perform well when granted the ability to set your own schedule and goals
Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.
However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.
41 CFR 60-1.
35(c)
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