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Mortgage Loan Finalization Specialist

2 months ago


Irving, Texas, United States BSI Financial Services Full time
Job Overview

Position Summary

The Mortgage Loan Finalization Specialist plays a crucial role in ensuring the seamless resolution of conditions identified by investors during the loan purchase review process. This position is essential for facilitating timely loan purchases by meticulously researching loan files, clarifying any uncertainties with investors, collaborating with various loan contributors, and securing necessary documentation.

Key Responsibilities:

  • Conduct thorough reviews of closed loan files to ensure completeness before submission to investors.
  • Gather required documentation and investor-specific guidelines for loan purchases.
  • Deliver both imaged loan files and select original documents to investors.
  • Monitor daily Investor Suspense Reports to identify loans pending purchase.
  • Log updates from investors into the Loan Origination System (LOS).
  • Seek clarification from investors to address suspense items and understand requirements for resolution.
  • Analyze loan files to identify available suspense information and collaborate with internal and external resources to gather necessary documentation promptly.
  • Upload suspense documents to the LOS and investor platforms for review and loan purchasing.
  • Inform management of any defects that cannot be resolved or unresponsive parties.
  • Submit loan packages for insurance or guaranty acquisition.
  • Track recorded documents and ensure their timely delivery to investors.

Qualifications:

  • Ability to work autonomously with minimal oversight.
  • Detail-oriented with a strong focus on accuracy.
  • Proficient in MS Windows/Outlook and experienced with Loan Origination Systems (Calyx Point experience preferred).
  • Excellent problem-solving capabilities.
  • Strong communication skills and ability to work collaboratively.
  • Capacity to independently plan, prioritize, organize, and efficiently complete tasks.
  • Understanding of mortgage lending origination requirements, including relevant laws and regulations.

Work Environment:

This position operates within a professional office setting, utilizing standard office equipment such as computers, telephones, photocopiers, filing cabinets, and fax machines.

Position Type:

This is a full-time role with standard working hours.

Education and Experience:

  • A High School Diploma or higher is required.
  • Candidates should possess a minimum of 3 years of experience in residential mortgage post-closing activities.
  • Experience with loan origination systems and familiarity with navigating investor and agency platforms is essential.

Additional Information:

Please note that this job description is not intended to be an exhaustive list of all responsibilities, duties, or skills required for this position. Responsibilities may change at any time with or without notice.

Benefits:

• Competitive salary and comprehensive benefits package, including medical, dental, and vision coverage.

• 100% company-paid life insurance and disability benefits.

• 401K plan with company matching contributions.

• Generous paid time off policy and company-paid holidays.

• A professional yet enjoyable work environment that fosters a strong team culture.

About BSI Financial Services:

Founded in 1986, BSI Financial Services is dedicated to promoting sustainable home ownership through our core values of integrity, problem-solving, and commitment to excellence. We serve a diverse clientele, including lenders and investors, who are integral to the home financing process.

BSI Financial Services has been recognized multiple times for its rapid growth and commitment to excellence in the financial services industry.

Equal Employment Opportunity:

We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law.