Mortgage Specialist, Montgomery​/Monroe, Bilingual Encouraged

Rio Grande Credit Union

Job Title: Mortgage Specialist

Department: Mortgage

Reports To: Mortgage Manager

FLSA Status: Non-Exempt

Grade: 7

The Mortgage Specialist is responsible for performing job duties related to mortgage processing, closing, funding, and shipping as well as providing back‑up support for the servicing department. Primary job duties include gathering paperwork related to mortgage loan applications in a timely manner and checking for accuracy; submitting files to underwriting for review; addressing and satisfying underwriting conditions; preparing closing documents; balancing CD with the title company;

coordinating closing with members and the title company; performing post‑closing reviews of files for compliance; preparing files for purchase by the investor (if sold); and preparing for and assisting with loan fundings. Must have the ability to prioritize, be highly organized, and have solid problem‑solving and decision‑making skills, as well as be able to effectively communicate. Also, ensuring loan policy, HOEPA, TRID, and all Federal and State Lending Regulations are upheld.

Other duties may be assigned. This job description in no way implies that the duties listed here are the only ones the employee can be required to perform. The employee is expected to perform other tasks, duties, and training as dictated by their supervisors.

• Ensure all loan documentation needed for underwriting approval is obtained
• Perform cursory review of credit, income, assets, and property to prepare the file for underwriting
• Order Appraisals, Title Binders, Flood Determinations, hazard insurance, credit supplements, and payoffs
• Maintain contact with borrowers and other parties as necessary for providing updates/status
• Prepare electronic files and submit files to underwriting for review
• Review title binder for requirements and address them with borrower and loan officer
• Ensure files meet all related regulatory and compliance requirements with regards to REG
• Monitor file dates and keep track of lock expirations and shipping deadlines
• Perform related follow‑up tasks to assure problem solving and member satisfaction
• Review Preliminary Closing Disclosure from the Title company and update figures in the LOS prior to final submission
• Assist loan origination staff with follow‑up documentation needed from borrowers or other parties

• Audit loan closing file to verify all necessary information is complete and accurate and all underwriting conditions have been met.
• Review hazard insurance policy to insure loan has adequate coverage and lender’s interest in the property is protected.
• Verify the property address with the United States Postal Office being used as collateral for the loan.
• Review title commitment to ensure all liens have payoff statements or subordination agreements as applicable. Review title commitment to ensure that all necessary exceptions are removed.
• Prepare closing package and send closing disclosure to title company to ensure it is balanced.
• Review closing disclosure for accuracy and completion and checks tolerance levels on fees with loan estimate.
• Coordinate loan closing by working with members, title companies, realtors and other interested parties pertaining to the loan.
• Check funding packages and request wire if all closing conditions have been met.
• Perform tracking and reporting functions to keep closed and funded loan status up to date.
• Ensure loans are funded correctly and disbursements are sent correctly.
• Maintain a log to track post closing documents.
• Prepare loans for shipping based on investor requirements.
• Establish and maintain systems that allow for the timely delivery of the loan package prior to the expiration of the lock date.
• Responsible for follow up with investor and clearing any suspense items within the allotted timeframe given by the investor.
• Ensure that loans are sent to the investor prior to lock expiration.

• Position will assist the Servicing Department as needed with various Servicing functions
• Accurately identify all members using RGCU approved…