Residential Home Loan Specialist

International Finance Bank • Miami, FL

5d

About The Position

Residential Home Loan Specialist is responsible for on-boarding new residential mortgage loan applications once received by the Loan Officer. The individual will review all data entry information in the Encompass Loan Origination System (LOS), prepare the regulatory loan disclosures, and request third-party verifications, as needed. Additionally, the Residential Home Loan Specialist will oversee the HELOC application process from the initial prospective inquiry through closing, which includes processing the loan request.

Requirements

• Education: Technical Studies
• Possible Degrees: High School diploma or equivalent, college degree (Associate's or Bachelor's - Not necessary)
• Required Experience in position: 1-2 Years
• Language: English and Spanish
• Proficient in Excel, Word, Outlook, and Encompass Loan Origination System.
• Good communication skills in both English and Spanish.
• Strong written, verbal and organizational skills with ability to multi-task and strong attention to detail.
• 1-3 years experience in mortgage operations, loan on-boarding or processing

Responsibilities

• Reviews the application information initially completed by the Loan Officer and maintains accurate data in the Encompass Loan Origiation System while ensuring all information is current and reliable.
• Organizes and maintains residential loan files, ensuring all documents are accurately filed and accessible.
• Assists in ordering and follow up on appraisal reports, title, insurances, verifications, IRS Transcripts, along with any additional third-party services, as applicable.
• Conducts due diligence searches and assists with all BSA matters. (Collecting and sending due diligence information to BSA for review and approval, as needed.)
• Monitors the status of pending loans and follow-up with relevant parties to ensure timely processing.
• Assist the Loan Processor on an as-needed basis throughout all stages of the loan application process.
• Supports compliance and BSA efforts by ensuring that all documentation is complete and adheres to regulatory requirements.
• Reviews HMDA and FHLB data entry screens prior to loan closing.
• Serves as the primary point of contact for all HELOC requests. Initiates and completes the HELOC application, provides required regulatory disclosures and completes the preparation of the full loan package for underwriting submission.
• Reviews Mavent Compliance Audit Report results thoroughly and cures any deficiencies noted on the report to ensure there are to regulatory compliance fails throughout the closing process through booking.
• Other duties: Perform other duties as assigned by leaders, on an as-needed basis.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED