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Mortgage Specialist
Location:
Alma, MI
Description:
At Mercantile Bank of Michigan, we are dedicated to our Customers, Employees and Communities. Our exceptional team members are committed to maintaining an environment of personal growth and development while providing professional and personalized service to customers and supporting our diverse communities. E mployees are our most valuable asset! If you have an interest in joining a team that operates with INTEGRITY and PURPOSE, consider Mercantile Bank as a potential employer. Mortgage Specialist SUMMARY The Mortgage Funding & Post-Closing Specialist (Mortgage Specialist) is responsible for a variety of important tasks involving the funding, tracking, delivery and trailing docs for residential mortgage loans. The Mortgage Funding & Post-Closing specialist also prepares and disburses funds for construction draws. You would be eligible for a full benefits package that includes medical, dental, vision, a flexible spending account (FSA), paid vacation and sick time, life insurance, a 401(k) with a match at 100% up to the first 5% of your contribution, discounted bank services, adoption assistance, exceptional training and development opportunities, and more! ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Tracks closing packages and reviews documents signed at closing for accuracy. Contacts borrowers for clerical errors and helps resolve post-closing related issues. Work with the secondary market team to ensure loans are delivered to investors (Freddie, Stonegate, FHLB, etc) within the rate lock expiration. Uses the bank's Loan Origination System (LOS), Freddie Mac, and other investor selling systems to export files and transmit to investors for purchase. Utilizes the MERS system, as needed, for assigning TOB/TOS rights. Utilizes MERS reports to ensure registries and transfers are done within guidelines. Prepares mortgage assignments, as needed. Transmits HUD MIP and prepares HUD binders for insuring. Prepares and delivers RD, HOP, and/or other specialty documentation to appropriate departments or agencies. Disburses loans closed by the Bank without the aid of a 3rd party settlement agent, including tasks such as sending in documents for recording, payoffs, and general funding and servicing related processes. Activates PMI policies and sends funds, as applicable. Monitors, reviews, and prepares construction disbursements to builders and title companies. Works with third parties, Lenders, and Processors to ensure file is complete and accurate through the process. Receives, tracks and requests trailing documents. Prepares and delivers final documents to investors, as applicable. Uses the Bank's LOS, Outlook and other appropriate tools/resources to efficiently and accurately perform the job function. Other duties and responsibilities as needed, including cross-training in the Closing department. Customer Service Interacts with Mortgage Operations and Secondary Market teams to exceed expected service levels as related to loan delivery. Enjoys working in fast-paced environment to provide timely and accurate service to all mortgage team members and customers. Communicates and builds relationships with title companies and settlement agents. Compliance Knowledge Responsible for following all adopted policies, procedures and regulatory requirements applicable to the job function. Responsible for completing all on-line training requirements in a timely fashion. Responsible for staying current on changes to regulations and compliance especially as it applies to TRID. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. High school diploma or general education degree (GED) and at least 1 year of related work experience. Knowledge of mortgage regulations and lending guidelines, general mortgage operations, closing practices, and title policies preferred. Basic knowledge of typing and computer programs such as Microsoft Office. Excellent customer service/phone skills and attention to detail. This position is required to work out of our office in Alma, MI. Mercantile Bank takes pride in providing schedules that offer flexibility (as needed). We believe embracing human diversity makes us a better bank. We know it makes us better people. Employees with dissimilar backgrounds, perspectives, opinions and lifestyles help us understand the motivations and desires of our many different customers. Thus, we will strive to maintain a workforce that reflects the increasing diversity of the communities we serve by ensuring equal employment opportunity for all persons without discrimination on the basis of race, color, religion, sex/gender (including gender identity), national origin, age, height, weight, disability, medical condition, genetic information, sexual orientation, disabled or Vietnam era veteran, other forms of military status, marital status, or other protected characteristics. Job Posted by ApplicantPro
Company:
Mercantile Bank
Posted:
January 25 on ApplicantList
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More About this Listing: Mortgage Specialist
Mortgage Specialist is a Jobs Mortgage Specialist Job at Mercantile Bank located in Alma MI. Find other listings like Mortgage Specialist by searching Oodle for Jobs Mortgage Specialist Jobs.
Mortgage Specialist is a Jobs Mortgage Specialist Job at Mercantile Bank located in Alma MI. Find other listings like Mortgage Specialist by searching Oodle for Jobs Mortgage Specialist Jobs.