Mortgage Analyst
Location: Russellville, Alabama
Description: CB&S Bank is employing Mortgage Analyst right now, this career will be depute in Alabama. More details about this career opportunity kindly read the description below. GENERAL FUNCTION OF MORTGAGE ANALYSTOversees and coordinates the funding, disbursement, post-closing, and reporting functions of the secondary mortgage department.MAJOR DUTIES AND RESPONSIBILITIES OF MORTGAGE ANALYST Maintains organ! ized copies of closed files with underwriting documents, settlement statements and copies of closing documents as well as other documents on bank funded loans.Prepares funding for bank funded loans by wiring loan funds to closing agent.Prepares loan package for booking on the bank's system.Prepares disbursement itemization for each loan.Reconciles the purchase of the closed loans.Prepares production reports for individual originators as well as other department production reports.Verifies the income for each loan per settlement statement.Prepares report for payroll purposes for approval along with verified information to management and accounting.Follows all policies and procedures regarding loan documentation.Also performs mortgage loan processing responsibilities as needed: Assists Lending Officers in processing loans and correspondence. Must type loans, mortgages, and other supporting documentation and correspondence for all Loan Officers. Assembles and reviews for compl! eteness the documentation necessary to be included in file for! mortgage loans. Processes files from opening through closing of each loan.Orders and reviews real estate appraisals and title insurance for exceptions regarding mortgage loans. Works together with Loan Officers to clear exceptions. Also orders consumer credit bureau reports and mortgage insurance as necessary for the loan.Prepares Good Faith Estimates, Advance Truth in Lending Disclosures, and all other Real Estate Settlement Procedures Act (RESPA) disclosures in accordance with all regulations.Monitors status of documentation and prepares weekly status reports.Prepares real estate loan documentation for loan closings and closes such loan when necessary.Originates and follows up on mortgage loan files in compliance with all state and federal regulations. Coordinates loan closings with Loan Officers, Customers, and Attorneys. Forwards loan packages to investors for underwriting approval and maintains communication regarding the status. Prepares and ships files as needed for! investors, vendors and/or secondary marketing.Maintains current knowledge of underwriting guidelines for various investors and internal software systems used.Prepares documentation for mortgage releases for secondary market loans.Assists customers with questions or problems with their loan accounts.ADDITIONAL RESPONSIBILITIES OF MORTGAGE ANALYSTCloses various types of loans in the absence of the Loan Officer. Resolves customers' questions or problems with tact and perform clerical duties necessary for the efficient operation of the department.May assist in processing draws and recording on construction/permanent loans.Knowledgeable of all bank products and services.Ability to cross-sell to existing and prospective customers.All other duties assigned by supervisor.JOB QUALIFICATIONS OF MORTGAGE ANALYSTHigh school graduate or equivalentMinimum of one year of clerical, loan operations experience, real estate loan secretary, closing agent, or equivalent experience.Proven knowl! edge of loan policies and procedures. Excellent organizational skills a! nd communication skills, both verbal and written. Demonstrated ability to interact with customers and employees, and listen effectively.Demonstrated ability to adapt to and use other PC based software packages.Intimate knowledge of Real Estate Settlement and Procedures Act, Truth in Lending, and Home Mortgage Disclosure Act.
Keywords: mortgage, finance, lending, loans, secondary mortgage, secondary market, banking, funding coordinator, loan processor, lending assistant, mortgage analyst, analyst, loan documentation
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If you were eligible to this career, please give us your resume, with salary requirements and a resume to CB&S Bank.
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This career will be opened on: Tue, 11 Jun 2013 22:56:24 GMT