Mortgage Loan Specialist II

Simmons Bank•Little Rock, AR

About The Position

Mortgage Loan Specialist II is responsible for one or more of the following duties: sends out closing instructions to closing agents, prepares closing disclosures, and funds loans; accepts lock requests from Mortgage Loan Officers and locks loans with investors; gathers, verifies and compiles application information for a mortgage loan, ensuring that the file documentation and data is complete and meets established 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
Ability to present information in one-on-one and small group situations, to customers, clients and other employees in the organization
MS Office programs

Nice To Haves

1-2 years mortgage processing preferred
Experience closing, processing or shipping mortgage loan files is preferred.

Responsibilities

Acts as a liaison between the borrower, loan officer, underwriter, and loan closer.
Collects required documents from applicants and follows up on missing items.
Orders and reviews appropriate documents to ensure all paperwork is complete for loan.
Checks appropriate data programs for accuracy and completeness of information.
Accepts lock requests from MLOs, reviews for compliance with current pricing model, locks loans with Investors and obtains management approval for variances if needed.
Works with MLO in expiring locks and for requests in extensions/modifications and requests changes with Investor.
Reviews closing package and registers the loan with appropriate investors.
Prepares loan funding and sends to accounting, and enters wire information into Jack Henry.
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.