Mortgage Loan Servicer
Listed on 2026-02-16
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Finance & Banking
Loan Servicing, Financial Consultant, Banking & Finance -
Administrative/Clerical
Loan Servicing, Banking & Finance
Responsible for providing administrative support for all mortgage loan closing activities and clerical support for all mortgage loan processing activities which include first mortgages and home equity loan products. Schedules closing appointments with title companies, and assists members with questions. Performs final preparation and audit of all documents needed for closing. Provides support to mortgage operations personnel and distributes loan files to related departments within the Credit Union.
Reviews closed files and forwards documents to shipping and funding personnel. Obtains and verifies necessary information and prepares documents for underwriting submission and closing review. Arranges flood zone certification as required. Communicates loan status to all involved parties including buyer, seller, realtor, and title company representatives. Obtains proof of insurance as required on mortgage loans. Assists or refers members as necessary.
FUNCTIONS AND BASIC DUTIES
- Responsible for all escrow related duties including escrow analysis, escrow set-up, and escrow payments for insurance, taxes, and PMI.
- Prepares and reviews annual escrow analysis. Ensures any ongoing escrow accounts are tracked and reported to Allied.
- Obtains appropriate documentation and signs off closing conditions.
- Orders appraisals, credit reports, and title reports. Logs dollar amounts received and verifies employment, salary, assets, and liabilities.
- Resolves loan application problems. Assists applicants with addressing credit report problems, payoffs, verification of mortgage and meeting documentation requirements.
- Reviews information for completeness and accuracy. Clarifies missing or questionable information. Follows up with outside sources of outstanding documents. Ensures that all necessary items are available for underwriting. Tracks development of information to ensure compliance with underwriting guidelines. Resolves conditions of underwriting. Submits loans for final approval.
- Prepares files for closing. Obtains records for homeowner's insurance and flood certification.
- Completes monthly PMI Reporting.
- Completes appraisal review checklists for all appraisals.
- Completes monthly tax tracking through Capital Tax as well as monitors and updates paid off loans for removal from tax tracking.
- Completes monthly HMDA reporting for CASE Credit Union.
- Reviews all paid off mortgages for discharge monthly and completes in accordance to discharge policy and procedures.
- Acts as liaison for all mortgage loan sale related initiatives including the sale, servicing and audit requests.
- Monitors all delinquent tax reports and notifications and works with member to ensure any delinquent tax is paid before foreclosure proceedings. Notifies Management of all delinquent tax accounts.
- Addesses members' requests and questions promptly and courteously.
- Informs members of Credit Union loan policies and closing procedures.
- Researches and retrieves information from closed loans.
- Maintains the Credit Union's professional reputation.
- Education/Certification:
High school graduate or equivalent. - Required Knowledge:
General knowledge of mortgage loan services and procedures. - Experience
Required:
Previous experience with a full-service financial institution helpful. - Skills/Abilities:
Good organizational skills and attentive to detail;
Good communication abilities;
Cooperative and works well with others;
Able to use computer related applications and basic business equipment;
Able to work effectively under time constraints.
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