Loan Operations Specialist II

Loan Operations Specialist II

15 Oct 2024
Ohio, Cincinnati 00000 Cincinnati USA

Loan Operations Specialist II

Vacancy expired!

File Setup :

Orders all third-party items

o VOEs, transcripts, appraisal, SSA, Title, HOI, FHA Case Numbers, Flood Certification, DataVerify, credit supplements, CDAs etc.

Organizes all documents uploaded to the file manager into their respective buckets

Updates or corrects all sections of the 1003 with the information provided on the documents uploaded

o Addresses for banks in the VOD, employer address and info in the VOE, itemization with title charges on the prelim CD

Follow up on outstanding third-party items

Receives all third party items and checks for completeness and correctness

o HOI, title, appraisal, VOEs, etc.

Loan beam requests

Pre-Underwriting :

Reviews the file and sends needs list to borrower for outstanding items

Uploads all documentation received back from borrower to their respective buckets

Follow up on needs lists

Calculates income from income documentation obtained

Draft Cover letters

RD Requests

Review and clear Mavent fails

Review LEs are signed

Resubmittal :

Update Encompass with all finalized figures and information obtained from documentation

o HOI premiums, appraised value, file contacts, asset totals, etc.

Request appraisal updates

Calculates funds to close from title documents obtained

Verify time and date of closing

Run AUS findings with all accurate and verified information

Review conditional approvals and request processing related items

Send resub emails for borrower needed items and

updates for processing items

Repull MI quote

Follow up on resub lists

Closing Prep :

Prepare files for closing

Approve and coordinate balancing of CDs

Ensure wire is requested for closing

Final CD RDs

Engage title and closer for balancing CD and sending docs

CD Management :

Ensure CD is balanced and approved at least 1 hour before closing and wire requested

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  • Company Description

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  • Operations Coordinator - On-site

Job Details

  • ID
    JC5039339
  • State
  • City
  • Full-time
  • Salary
    N/A
  • Hiring Company
    NRL Mortgage
  • Date
    2020-10-06
  • Deadline
    2020-12-05
  • Category

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