What are the responsibilities and job description for the Mortgage Loan Processing Specialist position at Harmony Bank?
Job Summary
The mortgage loan processing specialist will verify, compile, and organize loan documentation, ensuring all requirements are met according to regulatory standards and Secondary Market and Portfolio loan requirements. This position involves acting as a liaison between loan officers, underwriters, borrowers, and other relevant parties to expedite the loan approval process.
Duties and Responsibilities
- Prepare disclosures to meet TRID and various other government regulations.
- Coordinate with appraisers, title companies, and insurance agents to facilitate property appraisals, title searches, and insurance coverage.
- Communicate with borrowers, loan officers, and underwriters to satisfy underwriting conditions.
- Verify the accuracy of information in the working file and loan origination software.
- Work with investors to obtain final loan approval.
- Order closing documents through various systems
- Process files in a timely manner to ensure closing dates met.
- Stay updated on industry trends, regulations, and best practices.
- Maintain compliance with relevant regulations and guidelines, including but not limited to RESPA, TRID, and Fair Lending Laws
- Perform various clerical duties.
Education and Experience
· High School diploma or GED
· 2-3 years mortgage loan processing experience required.
· Knowledge of Secondary Market Loans preferred.
Required Skills/Qualifications
· Working knowledge of MS Word and Excel.
· Strong understanding of mortgage loan products, documentation requirements, and industry regulations.
· Ability to work independently and collaboratively in a fast-paced environment
· Flexibility to adapt to changing priorities and workload demands. Some overtime may be required.
· Ability to lift up to 30lbs
Benefits:
· 401(k) match
· Health Insurance
· Dental Insurance
· Vision Insurance
· Long Term Disability Insurance
· Life insurance
· Health Savings Account
· Paid Time Off
· Wellness Program
· Employee Assistance Program
Job Type: Full-time
Benefits:
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Experience:
- Mortgage Processing: 3 years (Preferred)
Work Location: In person
