Mortgage Production Specialist

4 weeks ago


Madison, Wisconsin, United States Lake Ridge Bank Full time

Lake Ridge Bank is seeking a Mortgage Production Specialist to manage a pipeline of mortgage loans from application through closing.

This role involves reviewing loan applications, obtaining necessary documentation from borrowers, ensuring compliance with regulatory requirements, and communicating effectively with all parties involved in the loan process.

The specialist will work closely with loan officers, underwriters, closers, and clients to facilitate a smooth and efficient mortgage approval process.

Key Responsibilities:

  • Handle up to 50 loans in the pipeline simultaneously, ensuring timely and accurate processing of each loan.
  • Examine borrower data on applications, including URLA and supplemental information, to confirm accuracy and completeness.
  • Assist in reviewing and updating the Loan Estimate (LE) before it is sent out by the Loan Officer.
  • Request tax return forms and transcripts from borrowers when needed, and coordinate with the processing stage to ensure accurate documentation.
  • Ensure the lender checklist is completed within Encompass, review NOI letters, and manage credit bureau reports to address any discrepancies or alerts.
  • Document explanations and comments as needed.
  • Review RE Tax bills, verify ownership, and ensure accurate entry of monthly tax amounts. Confirm closing dates and conditions on the Offer to Purchase (OTP), coordinate with SharePoint for scheduling, and manage post-closing follow-up to obtain and review final title insurance policies.
  • Compile and review all required documents for underwriting, ensuring conditions to close are met and accurately documented.
  • Verify and update fields in HMDA Information screen and ensure all data is correctly entered in Encompass and other relevant systems.
  • Obtain and review documents from third-party services (e.g., Flood Certificate, Homeowners Insurance Policy, Title Insurance).
  • Complete all annual bank security and compliance training.

Requirements:

  • Associates degree in Finance, Accounting, Business, Real Estate and/or 3 or more years of experience preferably within the mortgage industry.
  • Strong working knowledge of Microsoft Office Suite, along with proficient keyboarding skills.
  • Good accounting/math skills to work precisely with numbers and financial calculations.
  • Willingness to work toward goals and performance standards of the department including the ability to put forth extra effort necessary to make the department a successful operation.
  • Ability to maintain confidential client or bank information.

This is a full-time role between the hours of 8:00 AM to 5:00 PM Monday through Friday. Minorities, Females, Veterans, and Individuals with Disabilities encouraged to apply.

Consistent with Lake Ridge Bank's commitment to employ and advance qualified individuals with disabilities, Lake Ridge Bank provides reasonable accommodation to apply for or perform a job.

Some examples of reasonable accommodation include alternate methods to apply, providing documents in an alternate format, altering work procedures, specialized equipment or use of an interpreter.



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