Position Location

Billings, Montana

Major Duties and Responsibilities

• Review documentation presented by originators and ensure that it is accurate, complete, and consistent
• Request additional documents to support the loan application
• Confirm that the licensed originator provided all disclosures to the borrower within the timeframe required by federal regulation
• Ensure that the loan file meets all product guidelines
• Obtain verification of deposit documentation provided by independent, third-parties used to verify that the information contained on the loan application is true and accurate such as: establishes that the applicant has sufficient cash to meet settlement needs, and send requests to financial institutions to verify assets
• Obtain verification of employment documentation provided by independent, third-parties used to verify that the information contained on the loan application is true and accurate such as: the applicant's employer to substantiate the employment information supplied in the mortgage loan application, stability of the applicant's source of income, and applicant's ability to repay the mortgage loan
• Obtain loan documentation which includes documents such as paystubs, W-2s, tax returns, bank statements, and IRS 4506T tax transcripts
• Order an appraisal according to the loan type and pulling the credit report if needed
• Input appraisals into automated system, inclusive of detailed information for property
• Run the loan through the automated underwriting system (DU/LPA) for loan approval and documentation requirements, as necessary
• Update the loan origination system as documents are received and re-running the AUS findings as necessary
• Remain alert for valid change of circumstances that trigger redisclosure requirements
• Ensure that borrower communications and updates are handled in a timely, consistent, and professional manner
• Provide a complete loan fi le to the underwriter for efficient validation and underwriting
• Review underwriting conditions; Satisfies all conditions received from the Underwriter and ensures that approval falls within the established lending guidelines
• Issue weekly updates to borrowers, lenders, realtors, and closers; prepares ECOA to send to customer if loan denied; informs borrowers, realtors, builders and closer of status of loans.
• Schedule closings with title agencies
• Calculate all fees and escrows associated with closing and balance the numbers
• Prepare and deliver the closing disclosure in advance of closing
• Create a properly executed, quality loan package that meets regulatory requirements and investor guidelines
• Prepare the funding approval of each loan and submits wire transfer to the Servicing department for loan funding
• Deliver closing instructions, final closing disclosure, and settlement documents to the settlement agent
• Attend Closings as necessary
• Verify proper execution of a closed loan, post-closing, to ensure all documents were correctly signed and filed
• Satisfy all conditions found post-closing, by an outsourced auditor
• Other duties as assigned
• Provide and promote exceptional customer service