Mortgage Loan Setup Associate
4 weeks ago
Job Summary
We are seeking a highly skilled Mortgage Loan Setup Associate to join our team at Altisource. As a key member of our loan origination team, you will be responsible for obtaining mortgage loan documentation, communicating with stakeholders, and ensuring timely loan submissions.
Key Responsibilities
- Obtain mortgage loan documentation, including credit reports, land surveys, and title information, while adhering to internal policies and procedures.
- Effectively communicate with Loan Officers, Borrowers, and other stakeholders to obtain information or clarify document deficiencies.
- Identify and highlight mortgage loan application and documentation problems, notifying the underwriter as needed.
- Prepare mortgage loan files by reviewing loan applications, clarifying or obtaining additional information, and submitting files to underwriting for approval.
- Continually assess the loan pipeline and request necessary borrower documentation to ensure loan compliance with product and program requirements.
Requirements
- Ability to obtain and decipher AUS findings (DU and LP).
- Experience in full origination mortgage processing, loan setup, loan documentation, closing, title, quality assurance, compliance, underwriting, or assisting with conventional first mortgage loan products.
- Experience working with Loan Officers, Borrowers, and an active pipeline of mortgage loans.
Preferred Qualifications
- Maintain an active pipeline of 35-40 first mortgage loans at any given time.
- Achieve a "first-time submission" rate of at least 70% after 3 months on the job.
- Pass the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) National Test with Uniform State Content (state of residence if other than Missouri) and Missouri State Component Test.
About You
We are looking for a motivated and detail-oriented individual who is passionate about mortgage loan processing and has excellent communication skills. If you are a team player with a strong work ethic and a commitment to excellence, we encourage you to apply for this exciting opportunity.
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