Clerk, Control

Description

Estimated Salary is $43,400-$51,000/Annually.

Duties and Responsibilities/Results

• 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.

Job Specifications

• Knowledge of the mortgage and consumer loan application processes including FNMA, Regulatory and Bank Guidelines. Strong knowledge of TILA/RESPA.

• Knowledge of good organizational and communication skills.

• Demonstrated knowledge of PCs.

• Demonstrated knowledge of basic accounting and analytical abilities.

• Ability to research differences and bring to resolution.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.