Mortgage Loan Specialist

3 weeks ago


Winchester, Nevada, United States Tential Full time
Mortgage Loan Specialist Job Description

To ensure the smooth closing of first mortgage loans, the Mortgage Loan Specialist will work in accordance with applicable federal/state laws and Navy Federal policies and procedures. This role involves preparing mortgage packages for delivery to settlement companies for conventional, VA, and FHA mortgage products. The specialist will coordinate the closing and funding of assigned loan packages, ensuring timely and accurate completion.

Key Responsibilities:
• Authorize release of closing packages to closing agents under minimal supervision
• Determine amount to be withheld from loan proceeds and request internal payoffs
• Review mortgagees, mortgagors, title, and existing/proposed liens for accuracy
• Ensure credit, underwriting, and property conditions are satisfied prior to closing
• Evaluate title exceptions and clear mortgage-related deficiencies within specified time
• Monitor mortgage loan process for compliance with federal laws and Navy Federal, NCUA, and secondary market practices
• Prepare fully executed mortgage files for post-closing
• Provide closing agents with information for title binders and document requirements
• Review preliminary and final closing packages for RESPA compliance

Requirements:
• Ability to adapt to fluctuating work-flow
• Calm and courteous demeanor under pressure
• Effective working knowledge of mortgage lending requirements, regulations, and procedures for VA and conventional loan programs
• Significant experience in closing first mortgage loans and/or equity loans
• Working knowledge of Navy Federal mortgage products, services, programs, policies, and procedures
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