Loan Documentation Specialist
2 months ago
Note:
This role is a Hybrid position (1 week from the office, 1 week from home).
Position Scope:
With interest rates dropping, taking on more clients needing mortgage loans.
We need support for growing Asset Based Relationship Discount (ABRD) and Consultation Extension Modification Agreement (CEMA) teams.
Help the team with the volume uptick from lower interest rates.
Strengthen team support to handle high-value/profile loan approvals.
Position Details:
Position: Loan Documentation Processor 2 (Loan Documentation Specialist)
- Industry: Banking/Financial Services
Job duration: 12 months (Possible Extension and Conversion - Temp to Hire)
Work Location: Minneapolis, MN 55415 (Hybrid - 1 week from the office, 1 week from home)
Schedule: Monday - Friday
Roles and Responsibilities:
ABRD Team:
When a loan application is received, the system assesses the customer's initial eligibility for a discount.
Asset Transfer: If the customer transfers assets from a competing financial institution to us, the system will review the new funds.
Documentation: The customer must provide supporting documentation for the asset transfer, such as bank statements.
Review and Verification: Will review the provided documents to verify the source and amount of the transferred funds.
System Utilization: Use internal systems to assess the customer's overall financial situation and determine if they qualify for additional funds or a larger discount.
CEMA Team:
Separate group – specific to New York loans (very high tax), reduce equitation.
If you refinance, might tax from old money tax.
All documents will form a new loan – Need the previous loan to transfer tax information into a new loan.
Must know how to handle high net worth accounts.
Key Skills:
1-2 years of Loan Documentation/Support experience.
Documentation Review (Bank statements Mortgage loans).
Excellent Communication skills.
Highly detail-oriented.
Willingness to learn and succeed.
- Handled asset/money transfers or processing (Nice to Have).
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