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AD Mortgage LLC · 1 day ago

Mortgage Insurance Analyst

Troy, MI

Full-time

Onsite

Entry Level

1+ years exp

AD Mortgage LLC has been helping clients achieve their homeownership dreams for over 20 years, and they are seeking a detail-oriented and analytical Mortgage Insurance Analyst to join their team. This role involves ordering mortgage insurance certificates, ensuring compliance, and facilitating the processing of mortgage loans while providing excellent client service.

AccountingBankingCommercial LendingFinanceFinancial ServicesLendingPersonal Finance

Growth Opportunities

Responsibilities

Certificate Ordering and Accuracy

Order Management: Initiate and manage the process of ordering mortgage insurance (MI) certificates for new and existing loan applications

Data Verification: Perform in-depth review and verification of all loan-related data (e.g., loan-to-value ratio, borrower information, coverage amount, premium structure) to ensure the accuracy of the MI certificate order

Discrepancy Resolution: Promptly identify and resolve discrepancies, errors, or issues with MI carriers, underwriters, or loan officers to ensure accurate certificate issuance

Document Control: Maintain organized and accessible electronic files for all MI certificates, commitment letters, and related correspondence

Internal Support: Serve as a primary point of contact for loan officers, processors, and underwriters regarding MI requirements, plan eligibility, and system functionality

Carrier Liaison: Effectively communicate with external mortgage insurance carriers to follow up on certificate orders, clarify complex scenarios, and resolve service issues promptly

Professionalism: Maintain a high degree of professionalism and responsiveness in all interactions, providing clear, concise, and helpful information

Plan Setup: Configure and build mortgage insurance plans within the loan origination system

Rate and Rule Maintenance: Ensure all system-defined MI rates, rules, and logic align with current carrier guidelines, regulatory requirements, and company policies

Testing and Deployment: Conduct thorough user acceptance testing (UAT) of new or modified MI plans and system configurations before deployment to production environments

System Integrity: Partner with IT and systems administrators to maintain the integrity and functionality of the MI configuration module

Regulatory Adherence: Ensure all MI processes and documentation comply with federal and state regulations, as well as investor and carrier requirements

Audit Support: Assist in internal and external audits by providing requested MI documentation and process explanations

Reporting: Generate reports on MI activity, premium trends, and common ordering errors to identify opportunities for process improvement

Qualification

Mortgage insurance knowledgeData verificationSystem configurationExcel proficiencyAnalytical skillsClient service skillsCommunication skillsProblem-solving abilities

Required

High School diploma required

Excellent written and verbal communication skills, including a demonstrated commitment to client service and the ability to manage complex inquiries with tact and efficiency

Proficiency with Excel (e.g., pivot tables, VLOOKUPs, financial functions)

Exceptional analytical and problem-solving abilities with a keen eye for detail and accuracy

Ability to thrive in a fast-paced, high-pressure environment and meet tight deadlines

Preferred

Bachelor's degree preferred

1-3 years of secondary marketing, capital markets, or financial analysis within the mortgage banking or financial services industry is preferred but not required

Experience with SQL or other data manipulation tools is a plus