Southern Bancorp · 6 hours ago
Mortgage Production Specialist - Remote
USA
Full-time
Remote
Mid Level
3+ years exp
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Responsibilities
Review new files within 48 hours of receipt and verify that compliance documents were issued within proper time frame. Request documentation or information from borrower or relevant parties as needed
Review and confirm program eligibility as submitted, assist lender with necessary updates or changes
Maintain a pipeline of 25 or more loan files
Order all necessary documents to satisfy AUS findings, investor and agency requirements
Verify, review, and track all requested documents in mortgage management software
Review documentation received within 24 hours of receipt and follow up in the event of discrepancies or omitted data. During documentation review, if any discrepancies are identified immediately notify Loan Originator or appropriate team member
Use documentation to perform functions, such as calculating verified income or verifying assets, and update mortgage management software accordingly
Review, organize and prepare loan for underwriting submission
Clear any approval or suspense conditions as outlined by the underwriter, or closer
Work with Setup/PreClose team to ensure that all appropriate closing documentation is in the loan file (i.e., title documentation, homeowners’ insurance & third-party invoices). Documents are to be reviewed within 24 hours of receipt and communicated with Loan Originators
Process loans to meet purchase contract deadlines and rate lock expiration dates
Submit file to closing department upon obtaining clear to close (CTC) – approval milestone
Assist other Production Specialists, Underwriters and Closers as needed
Respond to customer inquiries and other related parties to a transaction as determined by Loan Originator
Assist with the clearing of post-closing conditions received to avoid any financial loss
Maintain a focus on enhancing customer service skills and knowledge
Ensure KPI’s are met as set forth by the processing manager
Maintain quality and data integrity of all loan files
Perform other duties as assigned.
Qualification
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Required
High School Diploma or equivalent
Three (3) to five (5) years recent loan production, LOA, or processing experience in the mortgage industry required
Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines
Knowledge of current state's regulatory lending laws and requirements
Experience using government sites for VA and FHA files to place orders and obtain case numbers
Knowledge of general federal and state mandated consumer disclosure requirements
Familiarity with automated underwriting technology i.e., Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector
Proficient in data entry and management
Familiarity with TILA / RESPA Integrated Disclosure (TRID)
Sound judgment and decision-making skills
Ability to work under pressure and meet deadlines with minimal supervision
Excellent customer service skills
Excellent organizational skills
Experience using mortgage management software
Timely communication and response times according to department standards
Benefits
401(k)/Roth plan with immediate eligibility and employer match up to 6%
Employee stock ownership plan
Discounted rate on primary home mortgage
Credit and housing counseling as well as free financial education tools available to customers and employees
No deductible medical insurance plan
Dental and vision insurance
Employer paid life and long-term disability insurance
Flexible Spending Accounts
Paid holidays and paid time off
Bonus plan
Opportunity for merit raises
Employee reward and recognition programs
Community service opportunities
Company
Southern Bancorp
Southern is a unique organization that combines the vision, passion, and creativity of non-profit organizations.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$27.44MKey Investors
Community Development Financial Institutions FundBlock, Inc.Bank of America
2023-04-12Grant· $4.9M
2021-06-10Corporate Round· undefined
2020-10-19Corporate Round· $4.79M
Leadership Team
Mike Myers
Interim CFO
Charles J. Blake
Market Executive
Recent News
2024-11-04
Talk Business & Politics
2024-04-29
Mortgage Professional America
2024-04-29
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