Plains Commerce Bank ยท 1 week ago
Mortgage Insuring Specialist
Sioux Falls, SD
Full-time
Onsite
New Grad, Entry LevelPlains Commerce Bank is seeking a Mortgage Insuring Specialist to manage the post-closing insurance processes for all loan products requiring insurance. This role involves ensuring mortgage loans meet necessary insurance requirements and coordinating with various departments and insurance entities to secure coverage.
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Responsibilities
Review closed loan files to ensure they meet Conventional, FHA, VA and RD insurance requirements
Review conventional closed loan files and activate insurance on the coordinating MI company website
Pay upfront premiums on any Government loan required prior to activation
Prepare and submit insurance applications to FHA and VA for mortgage insurance, and guaranty
Manage any corrections as needed with the appropriate Agency
Ensure accurate and timely registration of mortgage loans with the Mortgage Electronic Registration System (MERS)
Update MERS with any changes to the loan status or servicing rights
Reconcile MERS reports to ensure all loans are correctly registered and any discrepancies are resolved promptly
Ensure all insurance policies and registrations comply with federal, state, and investor guidelines
Maintain up-to-date knowledge of Conventional, FHA, VA, RD and MERS regulations and requirements
Qualification
Required
High School diploma or general education degree (GED) is required
Must be a mature, responsible individual with a professional appearance, be dependable and take pride in their work
Attention to detail is a must in this position
General PC knowledge and the Internet is required, must be capable of accurate typing, and learning various computer software programs
Must enjoy helping customers and fellow employees
Must be trustworthy and maintain a high level of confidentiality
Must be able to multi-task and work under stress and pressure
Must be able to communicate effectively, get along with co-workers and deal with colleagues effectively and professionally
Preferred
Post-secondary education is helpful
Prior accounting, secretarial and/or bank lending experience is helpful
Familiarity with loan documentation requirements is helpful; however, detailed knowledge is not a mandatory prerequisite
Benefits
Medical
Dental and Vision
FSA or Dependent Care
Supplemental Accident, Hospital, or Critical Illness Plans
Employer paid Life Insurance
Short Term Disability
Long-Term Disability
Additional Voluntary Life Insurance Options
Paid Vacation
Sick and Volunteer leave
401K
Profit Sharing
Company
Plains Commerce Bank
Plains Commerce Bank offers mortgages, loans, credit & debit cards and financial consulting services for businesses and individuals.
Founded in 1931
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Chris Wasmund
Chief Operating Officer
Kevin Nelson
COO Mortgage Division
Recent News
2025-07-15
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