Analyst – Mortgage Post Close

Bank of Hope•Irvine, CA

3d•Onsite

About The Position

Bank of Hope is looking for an Analyst-Mortgage Post Close for our Mortgage department. Ship credit/closing packages to investors to facilitate review of loans for purchase. Assist in the resolution of conditions that arise as a result of investors reviewing loans for purchase. Provide RESPA and Notification of Service Transfer letters to borrowers within mandated time frames for loans set to be transferred. Track all funds (escrow, principal and interest) received during interim servicing of sold loans and remit funds owed to investors. Assist borrowers as needed with any servicing transfer inquiries or issues. Facilitate the forwarding of all Deed of Trust and Final Title Policies to investors on loans sold.

Requirements

Minimum Education Level: High School Diploma
2 years of banking experience, preferably in mortgage
Able to adhere to strict reporting requirements and deadlines determined by the Investor
Able to validate balances and reconcile differences to ensure accurate reporting
Understands amortization methods of different loan types and how they affect loan balances
Good working knowledge of Encompass preferred
Previous experience in a paperless environment
Excellent oral and written communication skills
Well-developed problem solving skills to research and resolve discrepancies
Ability to multi-task in a fast-paced environment
A professional work ethic and attitude

Responsibilities

Scrubbing Closing Packages that come in daily, adding to daily log, then scanning to Encompass.
Pulling and sorting the original notes from packages, then sending them overnight to assigned warehouses.
Shelving closing packages into appropriate buckets, adding in any missing documents.
Building the credit package for the borrower after the closing package has been completely checked and shelved.
Building the closing package per the investors’ requirements once the loan has been assigned the investor, then uploading the closing package and the credit package to the investor’s website.
Sending the note request for the assigned loans to each warehouse to be send to the appropriate investor.
Opening and uploading the trailing docs into Encompass.
Looking up the trailing docs to see if the loans is completed, then sending the documents to the investor.
Cleaning out the filing cabinets weekly.
Emailing title companies for missing documents and trailing docs.
Building packages for QC Audits.
Tracking down notes to send to servicing department.
Completing lists from investors looking for trailing docs that hadn’t been received.
Following up with investors after the loan has shipped.