Mortgage Loan Operations Specialist
Unity Bank•Clinton, NJ
•Remote
About The Position
The Mortgage Loan Operations Specialist is responsible for managing residential mortgage loans throughout the operational lifecycle, including loan opening, disclosure preparation, closing coordination, post-closing review, investor delivery, and portfolio loan boarding. This role involves ensuring accuracy and efficiency in all stages of the loan process, from initial data entry to final delivery and boarding. The specialist will also play a key role in departmental improvements and compliance.
Requirements
- 5 years conventional mortgage experience required
- 5 years closing/post-closing operations experience required
- Ability to analyze settlement packages and title reports is required
- Detailed knowledge of FNMA/FHLMC guidelines is required
- Excellent communication skills, both written and verbal, are required
- MS Word Suite required
- Knowledge of basic mortgage forms and documents
- Ability to work in paperless and remote environment
- Effective interpersonal relationship building skills
- Strong computer skills
- Detail oriented and accurate data entry
- Strong organizational skills
- Ability to work in a fast-paced environment
- Proficient in database management and record keeping
Nice To Haves
- Knowledge of Automated Underwriting Systems LP/DU is recommended
Responsibilities
- Ensure accurate and timely loan data entry
- Generate and deliver initial disclosures
- Order and track appraisals, title work, flood certifications, verifications and payoffs
- Monitor files to ensure deadlines are met
- Prepare closing packages and investor documents
- Review closing disclosures for accuracy
- Coordinate closing with settlement parties
- Verify loan terms, title, insurance and fees
- Review signed closing packages
- Deliver loans to investors and servicing partners
- Clear suspense conditions and funding requirements
- Ensure accurate portfolio loan boarding
- Work with Operations Manager at identifying any training deficiencies within the department
- Work with Operations Manager in creating and implementing any process changes that might be needed due to investor or servicer policies
- Assist department with any other assigned duties
- Act as MERS Officer for the Mortgage lending department
- Perform periodic reporting on work progress, project completions, and additional reporting as requested by mortgage Operations manager
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
