· Ensures timely registration of applications and issuance of initial disclosures and/or revised disclosures ensuring Regulatory Compliance. · Monitoring sources applications are received (ie consultants, brokers, on-line lending system) · Contacting applicants, consultants and/or mortgage brokers relative to missing information or documentation · Verifying loan terms meet Bank’s guidelines · Running OFAC checks, DNA and Cenlar on all customers · Verifying broker/loan originator is registered with NMLS · Assigning applications to Processors |
· Implements the processing of Retail and Consumer loan applications by reviewing new applications submitted into the loan origination systems |
· Prepares Wholesale loan application for submission to Underwriting by ordering and evaluating credit reports to determine housing and debt ratios and any indebtedness not included in credit report, as applicable. |
· Ensures appropriate forms as required have been appropriately obtained and are a component of all application packages |
· Provide back-up to perform daily financial transactions on Bank’s Core and Mortgage Origination Systems by making appropriate G/L entries for the following: · Appraisal fees, credit report fees and points paid at time of application and/or Commitment · Verify accuracy of bills for credit reports, flood certifications and tax transcripts prior to requesting and disbursing payment |
· Assist in maintaining proof and control of the department’s G/L accounts by running corresponding daily reports, keeping a control log and comparing the Mortgage Origination System data to that of Nautilus. |
· Back-up in paying fees due brokers by preparing vouchers after careful verification through comparison of Mortgage Origination reports and fees due broker sheets. |
· Maintains broker registrations for receipt of complete processing package. |
· Provides accurate and timely management reporting |
· Monitors non-delivered packages from Brokers until receipt of complete processed package. |
· Assists in the processing of mortgage and consumer loan applications by contacting applicants and/or mortgage brokers relative to missing information or documentation. |
· Provides accurate and timely management reporting. |
· Helps out, where necessary, by performing other related duties which may be required from time to time. |
