Mortgage Sales Assistant

US-MD-Bowie
2 weeks ago(12/4/2017 9:40 AM)
Job ID
2298
Category
Mortgage Lending
Schedule
Monday - Friday 8:00am-4:30pm
Min
USD $30,000.00/Yr.
Max
USD $45,000.00/Yr.

Overview

FIND YOUR PURPOSE. JOIN OUR MISSION

 

 As one of the largest credit unions in the region and top performing in the nation, NASA Federal Credit Union members enjoy banking with an organization that's well established, financially sound and thrives on technology. With a strong heritage to serving the needs of individuals in the science, technology and engineering fields, the credit union philosophy of People Helping People has always been a priority.

 

The 1st Mortgage Sales Assistant assists with the first mortgage loan processing function by initially reviewing the accuracy and completeness of loan applications and support documentation provided by Loan Officers.  Identifies and orders all appropriate upfront services as applicable.  Requests, tracks and submits any missing support documentation to the designated Processor.  Communicates and coordinates with the Loan Officer, Processor and Member to ensure timely updates.  

 

This is a National Mortgage Loan System (NMLS) non-registry position which does not include offering or negotiating loan rates or terms or counseling applicants about mortgage loan rates or terms based on their individual circumstances. 

 

We offer a generous full-time benefit package:

  • 401(k) match to 5% of earnings – immediate enrollment and 100% vesting
  • Choice of two health plans – 80% employer contribution
  • Dental – 85% employer contribution
  • Life Insurance – no cost
  • Long-term Disability Insurance – no cost
  • Employee Assistance Program – no cost
  • Paid vacation
  • Paid sick time
  • 10 Paid holidays
  • Profit Sharing eligible

Responsibilities

DUTIES AND RESPONSIBILITIES

Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act.

 

Level I

  • Reviews residential first mortgage loan applications to verify that application data is complete, accurate and supported by necessary documentation
  • Reviews the initial DU Findings report to match up with both the support documentation already received by the Loan Officer and also what the Loan Officer has requested but remains outstanding.
  • Assists with the mortgage phone queue.
  • Analyzes applicant, loan officer, or internet provided information to accuracy of data and coding of purposes intended.
  • Works toward accurately producing re-disclosure of required GFE / TIL within compliance timeline when change of circumstance dictates.
  • Contacts third party service providers to order and coordinate necessary services in a timely manner.  This includes but not limited to appraisals, flood certification, title/settlement, IRS & social security verifications and subordination guidelines.
  • Works with the Processor and Loan Officer to quickly eliminate approval conditions for final approval to close.
  • Opens “new member” accounts for mortgage applicants when needed.
  • Ensures required upfront compliance disclosures are mailed or electronically delivered base on applicant authorization.
  • Uses available resources to confirm secondary market investor guideline accuracy related to the applicant’s individual circumstances.
  • Reads, understands and interprets credit reports.

 

Level II 

  • Performs all the duties of the Level I, and the following additional responsibilities:
  • Consistently performs accurate re-disclosure of required GFE/TIL within compliance timeline when change of circumstance dictates.
  • Using reasoning and judgment, interprets and determines what specialized documentation may be needed in unique applicant situations.
  • Runs pricing scenarios/costs under various loan programs.
  • May train Level 1 Sales Assistants.

 

Level III 

  • Performs all the duties of the Level II, and the following additional responsibilities:
  • Assists loan officers with re-working loan structure when necessary and running new DU automated approval for loan officer presentation and discussion with applicant.
  • Reviews tax returns, title searches findings, appraisals, and other advanced support documents.
  • May train Level I or II Sales Assistants.

Qualifications

Level I

At least one year of general office administration and operations experience in a fast paced and deadline driven environment.  Some background in basic lending processes and requirements preferred.  

 

Level II

At least one year of general office administration and operations experience in a fast paced and deadline driven environment and one year of related first mortgage experience.  Background in first mortgage processes and requirements must be reasonably current to ensure compliance knowledge base is up to date.

 

Level III

At least two years of proven related first mortgage sales/processing experience dealing with essential duties and responsibilities outlined in this job description.  Background in first mortgage processes and requirements must be reasonably current to ensure compliance knowledge base is up to date.

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