Mortgage Loan Specialist I

SIMON•Little Rock, AR

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. Mortgage Loan Specialist I prepares and processes documentation for real estate loans to ensure they are closed in conformance with underwriting guidelines.

Requirements

Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulations
Ability to write simple correspondence
Ability to write routine reports and business correspondence
HS Diploma/GED
MS Office programs

Responsibilities

Scans closed loan package into Encompass and indexes documents into correct folders for submission to investors.
Prepares all transfer letters to borrowers, insurance, flood and PMI companies.
Completes Freddie Mac information in system if applicable.
Monitors for purchase by investor and sends purchase advice to investor.
Transfers the MERS to the investor.
Activates PMI if applicable.
For FHA/VA loans, orders mortgage insurance certificate.
Sends final documents to investor within 60 days of purchase.
Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
Performs other duties and responsibilities as assigned.