Mortgage Operations Specialist

2 weeks ago


Machesney Park, Illinois, United States Northwest Bank of Rockford Full time
Job Overview

Company Background:

Northwest Bank has been a trusted financial institution since its inception in 1972, dedicated to providing reliable community banking services. As a subsidiary of Foresight Financial Group, Inc., we pride ourselves on our commitment to the local community.

Role Summary:

The Mortgage Operations Specialist is accountable for ensuring the processing of compliant and precise conventional, FHA, VA, and USDA mortgage files, along with in-house construction loan files, as submitted by loan originators.

Key Responsibilities:

  1. Prepare and issue all necessary regulatory compliant disclosures.
  2. Review and verify required documentation from originators, sales associates, and external sources, including employment verifications, appraisals, title commitments, and flood certifications.
  3. Submit loan applications for underwriting review.
  4. Receive and update loan files based on underwriter conditions.
  5. Collect essential documents for closing, such as homeowners insurance, payoffs, and deeds.
  6. Maintain ongoing communication with loan officers and sales associates throughout the loan process.
  7. Coordinate closing activities with relevant parties.
  8. Monitor and manage the weekly pipeline report.
  9. Prepare loan files for withdrawal or denial as necessary.

This job description is intended to provide a general overview of the position and is not exhaustive of all duties and responsibilities.

Required Competencies:

Successful candidates will demonstrate the following competencies:

  • Productivity: Efficiently manages workload to meet objectives.
  • Organizational Skills: Plans and prioritizes tasks systematically.
  • Communication: Writes clearly and speaks persuasively; listens actively.
  • Dependability: Meets deadlines and maintains focus.
  • Adaptability: Open to change and new responsibilities.
  • Technical Knowledge: Familiarity with mortgage lending procedures and relevant software.

Performance Expectations:

Initial disclosures must be provided within TRID guidelines daily, with third-party document requests monitored within 48 hours and conditions communicated to loan officers within 24 hours.

Company Culture:

We seek individuals who actively contribute to a positive work environment and uphold our shared values of respect, enthusiasm, caring, integrity, teamwork, and expertise.

Qualifications:

A high school diploma or GED is required, along with a minimum of one year of banking experience; mortgage banking experience is preferred.

Work Environment:

This position operates in a standard office setting, requiring the use of typical office equipment. The role may involve prolonged periods of sitting or standing.



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