What are the responsibilities and job description for the Mortgage and Secondary Market Specialist position at JEANNE DARC CREDIT UNION?
Job Details
Description
Jeanne D'Arc Credit Union offers competitive wages, excellent benefits, a pleasant working environment, and the opportunity for career growth and advancement. We count on our valued workforce to be professional, provide exceptional member service, and help our members make smart financial choices.
Come join our team as a Mortgage and Secondary Market Specialist, where under the direction of the AVP - Mortgage and Secondary Market Specialist you will be responsible for the preparation of periodic loan accounting reports, loan payment processing and administration; reconciliation; administration of insurances, annual escrow analysis, and 1098 reporting.
Essential Functions & Responsibilities:
- Sets up all new residential mortgages, construction loans, home equity loans, and lines of credit; ensures accuracy of loan data and funding of all entries.
- Performs quality control activities for all new residential mortgages, construction loans, home equity loans, and lines of credit to ensure receipt of appropriate documentation and the accuracy of loan setup.
- Supports the sale and delivery of loans to Fannie Mae (FNMA) and other secondary market investors and correspondent lenders following each investor's guidelines and remittance schedules.
- Participates in real estate tax escrow processing, including payments to taxing authorities, annual escrow analysis, and tax and water liens; serves as primary liaison with the third-party tax-service provider.
- Prepares mortgage discharges and subordination of mortgages to release or secure our lien position on secured property.
- Performs all insurance processing activities, including payments of private mortgage insurance (PMI), homeowner's and flood insurances, force-placed insurance processing, flood zone monitoring and map changes, PMI terminations and cancellations, and annual PMI member notification.
- Coordinates construction loan advance requests in conjunction with the third-party management company.
- Maintain insurance and other required documents for mortgage accounts. Keeps up-to-date with all mortgage related regulatory and compliance policies.
- Performs other job-related duties as assigned.
Qualifications
One year of related experience is required. High school diploma or equivalent is required or an equivalent combination of education and experience.
Salary : $19 - $29
