Mortgage Loan Specialist

3 days ago


Mangalore, Karnataka, India beBeeMortgage Full time ₹ 8,05,786 - ₹ 14,26,321

Job Title:

Mortgage Loan Specialist - Pre-Closing Process

About the Role:

We are seeking a highly skilled Mortgage Loan Specialist to join our team in Bangalore. As a key member of our pre-closing process, you will play a critical role in ensuring the smooth processing of mortgage loans.

Key Responsibilities:

  • Review loan packages and create Initial and subsequent Closing Disclosures (CDs)
  • Coordinate with Title and Settlement agents to ensure timely closings
  • Verify data accuracy in the CD
  • Request fees from settlement agents and perform fee analysis
  • Prepare Prelim closing disclosure
  • Issue initial closing disclosures/re-disclosures to clients
  • Review flood insurance/flood certifications, Title commitment, ownership of deed, Loan approval, tax cert, and prelim closing disclosures
  • Closely monitor individual closing pipeline, workload, and volume levels for maximum balance and efficiency
  • Review Power of Attorneys (POA)
  • Review Cash to close
  • Create closing documents and monitor required waiting periods
  • Request preclosing audit prior to closing
  • Deliver final closing documents
  • Review final closing documents and clear to fund
  • Able to understand regulatory requirements and impacts
  • Medium-High degree of familiarity with standard concepts, practices, and procedures within a particular field
  • Reviews and prepares disclosures, including Loan Estimate and Closing Disclosure
  • Request wire
  • Ensure disbursement takes place and loan moves to post-close
  • Ensure proper and effective communication with settlement agents
  • Review signed closing packages for accuracy
  • Provide funding authorization to Title/Escrow Agents

Requirements:

  • Requires a high school diploma or its equivalent for US Operation and graduation degree for India Operations with 18 months of experience in preparing Initial and Final closing documents
  • Should have knowledge of commonly used mortgage concepts, practices, procedures, and Fannie Freddie guidelines to complete tasks
  • Should have working knowledge with any Loan origination systems
  • Should possess basic knowledge to work on MS office tools

Benefits:

  • Growth Opportunities
  • Flexible Work Schedule
  • Professional Development


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