Final Doc Officer I

Pennsylvania Housing Finance Agency•Harrisburg, PA

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Job Description Entry-level professional with limited or no prior experience to contribute on a project or program. Role learns to use professional concepts to resolve problems of limited scope and complexity under close supervision while achieving day-to-day objectives. Works on developmental assignments that are initially routine in nature, requiring limited judgment and decision making. This level is typically focused on self-development. Requires theoretical knowledge through specific education and training Complete review of final documents (mortgage note, mortgage, assignment, title policies and deeds) submitted by participating Lenders. Ensure all documents are accurate and valid. Recognize the difference in the required documentation for Mortgage Revenue Bond, FNMA and Government Loans that are intended to be securitized in Pools. Update final document data in the originations system. Ensure that all Government loans are insurable based on reporting via the originations system. Generate letters to the lenders advising them of outstanding issues on final document submissions. Review and clear the outstanding conditions when the appropriate documentation is received. Contact housing professionals and respond to inquiries concerning issues on final documents in an efficient and professional manner. Prepare files for weekly Trustee shipment, via paper or electronic submission. Monitor GNMA loan activity to ensure conditions are cleared to obtain final certification in GNMA Pools. Using the document retention system, the Final Document Officer will notate all errors on the electronic document and complete the electronic checklist for the loan file. File all subordinate notes in the File Room Enter the correct date of the final payment to the Participating Lender based on when the file was marked complete. Understand the workflow of Final Documents and have the ability to independently prioritize jobs to remain current on various stages of the reviews. Assist the Final Document Manager with miscellaneous tasks as needed.

Requirements

Bachelor of Science - Business Administration/Management
Relevant professional experience (1-3 years)
Experience Relevant professional experience (1-3 years)

Responsibilities

Complete review of final documents (mortgage note, mortgage, assignment, title policies and deeds) submitted by participating Lenders.
Ensure all documents are accurate and valid.
Recognize the difference in the required documentation for Mortgage Revenue Bond, FNMA and Government Loans that are intended to be securitized in Pools.
Update final document data in the originations system.
Ensure that all Government loans are insurable based on reporting via the originations system.
Generate letters to the lenders advising them of outstanding issues on final document submissions.
Review and clear the outstanding conditions when the appropriate documentation is received.
Contact housing professionals and respond to inquiries concerning issues on final documents in an efficient and professional manner.
Prepare files for weekly Trustee shipment, via paper or electronic submission.
Monitor GNMA loan activity to ensure conditions are cleared to obtain final certification in GNMA Pools.
Using the document retention system, the Final Document Officer will notate all errors on the electronic document and complete the electronic checklist for the loan file.
File all subordinate notes in the File Room
Enter the correct date of the final payment to the Participating Lender based on when the file was marked complete.
Understand the workflow of Final Documents and have the ability to independently prioritize jobs to remain current on various stages of the reviews.
Assist the Final Document Manager with miscellaneous tasks as needed.