Mortgage Loan Processor

2 weeks ago

Hamtramck, United States Strategic Staffing Solutions Full time
STRATEGIC STAFFING SOLUTIONS (S3) HAS AN OPENING

Strategic Staffing Solutions is currently looking for a Mortgage Loan Processor for a contract opportunity with one of our largest clients located in Detroit, MI

Title: Mortgage Loan Processor (Commercial lending)

Location: Detroit, MI (Remote in EST)

Duration: 3+ Months

Role Type: W2 contract engagement

Job Summary

This position is the liaison between the borrower, builder and possibly the draw administration vendor. The individual will be responsible for issuing draws on all construction products and renovation type products in addition to balancing the accounting of funds within each loan. They will handle new loan set up packages, which will include reaching out to both borrowers and builders. All draw requests will be processed according to regulatory requirements.

Responsibilities:
  • Reviewing loan documentation to determine all requirements and conditions of each project are being met.
  • If discrepancies are found, must balance back to accounting sheet and verify with applicable vendor.
  • Reviewing all documentation required for each draw. This may include review of all sworn statements, waivers, invoices, inspection and comparison to budget line items to ensure project is on track.
  • Communication is required between the borrower, contractors and vendor.
  • Processing of checks and wires.
  • Working emails to extract all necessary details for the construction phase of the loan.
  • Order inspections, title updates and surveys as required for each project type.
  • Prepare disbursement and funding forms for approval by management.
  • Maintain accurate records of each draw and interest reserve payments (if applicable) to ensure within budget.
  • Assist with additional reporting as it pertains to borrower letters, delinquency and other departmental needs.
  • Must stay abreast of compliance standards, system updates and departmental guidelines.
  • Uploading documentation to applicable system.
  • Adhere to all REGULATORY AND COMPLIANCE issues linked to the job and the team and understand how these issues help the bank achieve the vision of remaining an independent bank.
Job Requirements:
  • HS Diploma, GED or Foreign Equivalent
  • 3 years of extensive customer service experience
  • 2 years of mortgage lending experience or college equivalent
  • Intermediate computer skills required.
  • Proficient in Microsoft Office and Outlook.
  • Must be able to learn new software quickly.
  • Intermediate mathematical skills required with ability to perform day to day mortgage mathematical calculations.
  • Ability to speak and write effective in a professional business manner.
The S3 Difference

The global mission of S3 is to build trusting relationships and deliver solutions that positively impact our customers, our consultants, and our communities. The four pillars of our company are to:
  • Set the bar high for what a company should do
  • Create jobs
  • Offer people an opportunity to succeed and change their station in life
  • Improve the communities where we live and work through volunteering and charitable giving
As an S3 employee, you're eligible for a full benefits package that may include:
  • Medical Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Plan
  • Vacation Package
  • Life & Disability Insurance Plans
  • Flexible Spending Accounts
  • Tuition Reimbursement

Job ID: JOB-235125
Publish Date: 25 Apr 2024