Loan Document Specialist

7 days ago


Melville, New York, United States Real estate settlement company Full time
Job Title: Loan Document Specialist

We are seeking a highly skilled Loan Document Specialist to join our team at a reputable real estate settlement company. The ideal candidate will have extensive knowledge of lending terminology and legal documents used in mortgage banking.

Key Responsibilities:
  • Prepare loan documents upon receipt of request from the lender
  • Ensure that all required documents are provided to properly evidence the loan and perfect the bank's security interest
  • Work with Encompass360 software and other related programs to create documents; ensure the timely delivery of documents to lenders and others as directed.
  • Follow-up with lenders, legal counsel and others for missing items needed to create accurate loan documents, respond to questions concerning loan documentation from legal counsel, lenders and other staff members. Resolve differences and provide direction to others to facilitate the documentation process.

Requirements:
  • 1+ year(s) of mortgage loan doc prep experience, including knowledge of title and lender procedures, co-ops and CEMAs preferred.
  • Paralegal certification from an ABA approved school, or B.A. degree in a field related to law preferred.
  • Experience using 'Encompass360' mortgage software a plus.
  • Basic PC skills including Microsoft Word, Excel, Adobe Acrobat, etc.
  • Notaries or candidates willing to become a notary preferred.

About the Role:
The Loan Document Specialist will be responsible for preparing accurate and timely loan documents, working closely with lenders, attorneys, and other bank representatives to resolve issues and ensure compliance with bank policies and regulatory requirements. The successful candidate will possess excellent customer service skills, attention to detail, and the ability to multitask and prioritize tasks effectively. Salary: $60,000 - $80,000 per annum.

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