Loan Specialist
3 weeks ago
Job Description
Job Description
Qualifications and Education Requirements
Department/Group:
Operations Dept
Job Code/ Req#:
CV24
Location:
Corporate
Travel Required: N/A
Level/Salary Range:
$18 Per Hour
$20 Per Hour
$22 Per Hour
Position Levels:
Loan Specialist III
Loan Specialist II
Loan Specialist I
Reports To:
Processor, Processing Mgr
Effective Date:
01/01/2024
Responsible For:
NA
Hours Per Week:
30 - 40
Job Description
ROLE AND RESPONSIBILITIES
The position will be Responsible for Loan Estimate & Loan Disclosures (SOP STEP 1) Responsible for Appraisal Order and / or HOA Cert Order (SOP STEP 2) Responsible for Loan Submission to Underwriting (SOP STEP 3)
ESSENTIAL KNOWLEDGE
Office 365, Basic math computations, and SFG Essential Knowledge Chart (Level III)
QUALIFICATIONS AND EDUCATION REQUIREMENTS
No Experience (LS III)
1 Year Mortgage or Real Estate experience (LS II)
2 Year Mortgage or Real Estate experience (LS I)
DISC test
PREFERRED SKILLS
Strong Communications Skills
High Organizational Skills
Ability to work in team environment
Ability to work without supervision
ADDITIONAL NOTES
See Role and Responsibilities Addendum for additional job requirements
LOAN SPECIALIST, ROLE AND RESPONSIBILITIES (ADDENDUM)
Responsible for Loan Estimate & Loan Disclosures (SOP STEP 1)
Review Loan file for completeness and accuracy
Efficient use of DocMagic or DocuSign systems for Borrower
Efficient in all Loan Pricing Engines
Responsible to request wet signatures as needed on SSI & 4506 Verification Forms
Responsible for Tracking & Milestone Update notifications
Responsible for Appraisal Order and / or HOA Cert Order (SOP STEP 2)
Responsible to track Order until Inspection Date is set
Review Appraisal and send Value notification upon receipt
Order SSR's
Order COC as necessary (if value is different than submission)
Order Value Rebuttal as necessary
Order 1004D as necessary
Order HOA Cert, Limited of Full Questionnaire when applicable (CONV, FHA)
Responsible for Tracking & Milestone update notifications
Responsible for Loan Submission (SOP STEP 3)
Ensure File has cleared Disclosures and is in line for UW
Request Escrow Doc package including Estimated Closing Statement based on initial LE
Responsible for Tracking and Milestone Update notifications
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