Tata Consultancy Services mortgage division in Cincinnati is growing and we are seeking exceptional talent to fulfill various back-office mortgage roles to include Processing, Closing, Servicing, Pre-Closing & Mortgage Document Coordinator.
Responsibilities could include:
Quality control of loans in Encompass and boarding of loans to IBS
Ensure proper follow-up and filing of original loan documents (Note, recorded Mortgage, Title Policy and Assignments) within the prescribed timeframes to complete the Collateral files.
Ensure proper follow-ups for all required recorded mortgage documents, corrections to recorded documents and re-recording of mortgage documents.
Ensure proper follow-ups for all final title policies and corrections to final title policies
Assist with the follow-up on corrective documentation sent to borrowers and/or settlement agents.
Assist with the preparation and submission of external home equity subordination requests.
Review title work supplied by applicant's settlement agent.
Communicate with settlement the agent regarding obtaining any missing documentation.
Clear all mortgage commitment conditions.
Coordinate and schedule the closing with the applicant and settlement agent.
Verify that the proposed mortgage will constitute a valid first lien
Order and review appraisals, titles and updates of flood certifications, if expired.
Score applications using the automated underwriting systems (DU and LP) and review decision results.
Communicate internally to advise of required documentation needed of applicants.
Verify the accuracy of received information and update Encompass as needed
Review income documents (pay stubs, tax returns)
Upload tax returns to LoanBeam to obtain income calculation for self employed borrowers
Move and rename unassigned documents into appropriate placeholders in Encompass.
Review and organize completed files for submission to underwriters
Manage an assigned pipeline of loans
Collaborate with Home Loan Consultant (HLC) to identify viable solutions while maintaining high credit quality.
Update loan records with all activity and comments.
Request verifications (VOE, VOD, VOM, etc.), when applicable.
Communicate internally to provide status updates regarding customer loan applications.
Verify data as per Data Verification report
Experience required:
2+ years of Mortgage experience, preferrable in back-office retail mortgages
Familiarity with conventional, FHA, VA, and other loan programs
Experience reviewing income, credit, assets, and appraisal documentation
Understanding of federal and state lending regulations
Ability to ensure compliance with investor and company guidelines
TCS Employee Benefits Summary:
Salary Range: $50,000 - $65,000 per year