What are the responsibilities and job description for the Mortgage Licensing Specialist position at United Wholesale Mortgage?
The Mortgage Licensing Specialist will be responsible for all of UWM’s mortgage lender licenses in all 50 states. This individual will need to be familiar with state regulatory agency requirements and statutory law governing mortgage lenders and financial institutions. This individual will manage all company licensing functions within NMLS, including company (MU1), branch (MU3) and individual filings, as well as managing all requirements pertaining to control persons, qualified individuals and mortgage loan originators. This individual will be responsible for researching state-specific licensing and NMLS requirements in order to obtain, maintain, and renew various mortgage lender and/or consumer credit licenses. The Senior Licensing Specialist will also be responsible for conducting audits of UWM’s licenses, surety bonds, reporting processes and other licensing related matters. The ideal candidate should be very familiar with the mortgage lending process and have mortgage licensing experience. The Senior Licensing Specialist reports to the Deputy General Counsel and will work closely with UWM’s Finance, Risk, and Compliance teams.
WHAT YOU WILL BE DOING
- Onsite attendance is required in our Pontiac office.
- Responsible for setting up company, branch and individual licenses in all 50 states.
- Complete and file all licensing reports due quarterly and annually.
- Responsible for filing entity registration renewals with secretary of state’s offices.
- Responsible for coordinating the timely filing of mortgage call reports (MCRs).
- Ensure that audited annual financial statements are submitted in NMLS timely.
- Respond to conditions placed on the company’s licenses by various state regulatory agencies in NMLS and communicate with state regulators to fulfill requirements to remove conditions.
- Track all licensing due dates and requirements using Airtable and/or other methods.
- Work with third party vendor to register all company mortgage loan originators for their required annual continuing education courses.
- Review newly enacted legislation in each state for any changes to licensing provisions that impact UWM or its subsidiaries.
- Respond to licensing inquiries from the Risk team regarding mortgage broker licenses and statuses in NMLS; reach out to state regulators for guidance.
- Draft and revise company licensing policies and procedures to ensure that they are current and compliant.
- Responsible for obtaining and renewing surety bonds for UWM and any new entities .
- Responsible for conducting audits of UWM’s licenses and surety bonds.
- Identify opportunities to improve processes.
WHAT WE NEED FROM YOU
- Onsite attendance in our Pontiac office.
- Bachelor’s degree (or relevant education) and a minimum of two years of mortgage industry experience is required.
- A minimum of one year of mortgage licensing experience is required.
- Experience in a legal or compliance setting is preferred.
- Must demonstrate initiative with a high attention to detail.
- Must possess confidence in decision making abilities while also ensuring that processes are compliant with all state laws and regulations.
- Must have excellent written and verbal communication skills and be able to communicate effectively with both internal and external parties.
- Must have experience with Microsoft Office.
- This individual must be highly organized and be capable of managing multiple time-sensitive tasks with minimal supervision.
THE PLACE & THE PERKS
Ready to join thousands of talented team members who are making the dream of home ownership possible for more Americans? It’s all happening on UWM’s campus, where our award-winning workplace packs plenty of perks and amenities that keep the atmosphere buzzing with energy and excitement.
It’s no wonder that out of our six pillars, People Are Our Greatest Asset is number one. It’s at the very heart of how we treat each other, our clients and our community. Whether it’s providing elite client service or continuously striving to improve, our pillars provide a pathway to a more successful personal and professional life.
From the team member that holds a door open to the one that helps guide your career, you’ll feel the encouragement and support on day one. No matter your race, creed, gender, age, sexual orientation and ethnicity, you’ll be welcomed here. Accepted here. And empowered to Be You Here.
More reasons you’ll love working here include:
- Paid Time Off (PTO) after just 30 days
- Additional parental and maternity leave benefits after 12 months
- Adoption reimbursement program
- Paid volunteer hours
- Paid training and career development
- Medical, dental, vision and life insurance
- 401k with employer match
- Mortgage discount and area business discounts
- Free membership to our large, state-of-the-art fitness center, including exercise classes such as yoga and Zumba, various sports leagues and a full-size basketball court
- Wellness area, including an in-house primary-care physician’s office, full-time massage therapist and hair salon
- Gourmet cafeteria featuring homemade breakfast and lunch
- Convenience store featuring healthy grab-and-go snacks
- In-house Starbucks and Dunkin
- Indoor/outdoor café with Wi-Fi
DISCLAIMER
All the above duties and responsibilities are essential job functions subject to reasonable accommodation and change. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. Team members may be required to perform other or different job-related duties as requested by their team lead, subject to reasonable accommodation. This document does not create an employment contract, implied or otherwise. Employment with UWM is "at-will." UWM is an Equal Opportunity Employer. By selecting “Apply for this job online” you provide consent to UWM to record phone call conversations between you and UWM to be used for quality control purposes.
