Mortgage Loan Servicing Specialist

Smartfinancial Inc

  • TN
  • 24 days ago

    Highlights

    Three or more years of mortgage servicing, mortgage operations, loan administration, post-closing, or related banking experience preferred. Prepare and distribute borrower notices, including billing, maturity, rate change, delinquency, and other required communications.

    Numbers & Facts

    LocationTN

    Description

    Looking to join a Great Place to Work Employer and become a valued member of our growing team? At SmartBank, we're not just offering a job; we're inviting you to be a part of a culture built on excellence.

    Major Duties and Responsibilities:

    • Uphold SmartBank Core Values and Core Purpose.
    • Adhere to and embrace the SmartBank Way by Acting Smart, Looking Smart and Being Smart.

    Mortgage Loan Boarding & Servicing

    • Board new mortgage loans, modifications, and maintenance transactions into the bank's core servicing system.
    • Post client payments, payoffs and online transactions (OTE) daily.
    • Review posted transactions and daily loan activity to ensure accuracy.
    • Reconcile and balance servicing-related general ledger accounts.
    • Maintain daily servicing records and monitor loan maintenance activities.
    • Prepare payoff quotes and process paid-in-full loan transactions

    Loan File Management & Documentation

    • Prepare loan files for imaging and maintain electronic and physical loan records.
    • Maintain collateral files and track outstanding documentation.
    • Coordinate loan document retention, archiving, and file security procedures.

    Secondary Market & Post-Closing Support

    • Serve as a primary support resource for loans sold into the secondary market.
    • Record sold loan transactions in applicable systems.
    • Register secondary market loans with MERS.
    • Issue client servicing transfer notifications
    • Coordinate with Mortgage Loan Post-Closing staff to facilitate timely investor delivery of loan documents.

    Customer and Internal Support

    • Research and resolve customer inquiries related to mortgage servicing activities.
    • Handle credit bureau dispute investigations and corrections.
    • Prepare and distribute borrower notices, including billing, maturity, rate change, delinquency, and other required communications.
    • Provide support for department projects and special assignments.

    Compliance & Risk Management

    • Maintain confidentiality of customer and company information.
    • Adhere to all SmartBank policies, procedures, and core values.
    • Comply with all federal, state, local, investor, and agency regulations, including Bank Secrecy Act requirements.
    • Participate in ongoing regulatory, servicing, and compliance training.
    • Maintain a high level of quality, accuracy, and operational integrity.

    Position Requirements and Qualifications

    Education and Experience

    • High school diploma or equivalent required.
    • Three or more years of mortgage servicing, mortgage operations, loan administration, post-closing, or related banking experience preferred.
    • Mortgage servicing or post-closing experience preferred.

    Knowledge, Skills, and Abilities

    • Working knowledge of mortgage servicing regulations and practices, including portfolio and secondary market loans, escrow administration, PMI, force-placed insurance, and investor reporting.
    • Strong attention to detail with excellent organizational and documentation skills.
    • Ability to prioritize multiple responsibilities and meet deadlines in a fast-paced environment.
    • Strong analytical, problem-solving, and decision-making abilities.
    • Excellent verbal and written communication skills.
    • Proficiency in Microsoft Office applications, mortgage origination systems, servicing platforms, and related technology.
    • Ability to handle confidential information appropriately.
    • Demonstrated commitment to customer service and teamwork.
    • Self-motivated with the ability to work independently while supporting team objectives.

    Training Requirements

    • Ongoing regulatory, compliance, investor, and mortgage servicing training as required. (WorkDay and KnowB4)

    Work Conditions

    • Ability to sit for extended periods of time.
    • Frequent use of computers and office equipment requiring repetitive hand and finger movements.
    • Ability to review and process detailed documentation with a high degree of accuracy.
    • Ability to work under deadlines and manage fluctuating workloads.
    • May be required to travel periodically for training, meetings, or branch support.
    • Occasional overtime may be required to meet operational and investor deadlines.

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