Mortgage Process, Mortgage Closer
- Synchrony Systems Inc.
2 Days Ago
50000-85000 per Annum + Benefits
Yearly
Cincinnati-OH
4-44 Years
Required Skills: Mortgage Process, Quality control, Loans
Job Description
Note: This role is not open for C2C/C2H/1099 or any contract arrangements
Job Description
Tata Consultancy Services mortgage division in Cincinnati is growing and we are seeking exceptional talent to fulfill various back-office mortgage roles to include Processing, Closing, Servicing, Pre-Closing & Mortgage Document Coordinator.
Responsibilities could include:
- Quality control of loans in Encompass and boarding of loans to IBS
- Ensure proper follow-up and filing of original loan documents (Note, recorded Mortgage, Title Policy and Assignments) within the prescribed timeframes to complete the Collateral files.
- Ensure proper follow-ups for all required recorded mortgage documents, corrections to recorded documents and re-recording of mortgage documents.
- Ensure proper follow-ups for all final title policies and corrections to final title policies
- Assist with the follow-up on corrective documentation sent to borrowers and/or settlement agents.
- Assist with the preparation and submission of external home equity subordination requests.
- Review title work supplied by applicant’s settlement agent.
- Communicate with settlement the agent regarding obtaining any missing documentation.
- Clear all mortgage commitment conditions.
- Coordinate and schedule the closing with the applicant and settlement agent.
- Verify that the proposed mortgage will constitute a valid first lien
- Order and review appraisals, titles and updates of flood certifications, if expired.
- Score applications using the automated underwriting systems (DU and LP) and review decision results.
- Communicate internally to advise of required documentation needed of applicants.
- Verify the accuracy of received information and update Encompass as needed
- Review income documents (pay stubs, tax returns)
- Upload tax returns to LoanBeam to obtain income calculation for self employed borrowers
- Move and rename unassigned documents into appropriate placeholders in Encompass.
- Review and organize completed files for submission to underwriters
- Manage an assigned pipeline of loans
- Collaborate with Home Loan Consultant (HLC) to identify viable solutions while maintaining high credit quality.
- Update loan records with all activity and comments.
- Request verifications (VOE, VOD, VOM, etc.), when applicable.
- Communicate internally to provide status updates regarding customer loan applications.
- Verify data as per Data Verification report
Experience required:
- 2+ years of Mortgage experience, preferrable in back-office retail mortgages
- Familiarity with conventional, FHA, VA, and other loan programs
- Experience reviewing income, credit, assets, and appraisal documentation
- Understanding of federal and state lending regulations
- Ability to ensure compliance with investor and company guidelines
Benefits Overview
- Discretionary Annual Incentive.
- Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
- Family Support: Maternal & Parental Leaves.
- Insurance Options: Auto & Home Insurance, Identity Theft Protection.
- Convenience & Professional Growth: Commuter Benefits & Certification & Training Reimbursement.
- Time Off: Vacation, Time Off, Sick Leave & Holidays.
- Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.
