Mortgage Loan Closer

Job Description

Job Description

Job Title -  Post Closing Specialist

Job Location -  Cincinnati, Ohio 45227

Duration - 12 Months

Pay- $23.70 / hr

Job Description -

Post Closing Correction Specialist I

GENERAL FUNCTION :

The Post Closing Correction Specialist I is responsible for the determination of requirements, review and completion of all due diligence associated with the Post Closing of residential mortgage loans and subsequent document follow-up to present a completed loan file as perfected and ready for sale on the Secondary Market. The position is a key focal point of communication, proactively interacting with internal and external customers and 3rd party vendors. This position is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. The Specialist I is accountable for always doing the right thing for customers and colleagues, ensuring that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, the specialist achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES & RESPONSIBILITIES :

• Analyze defects identified in the closing package, determine if there are any related or additional issues, and remediate according to documented procedures, utilizing internal and external resources.
• Accurately annotate all findings and actions taken to perfect in the Mortgage Loan Origination System.
• Retrieve needed final documents from various settlement agents, lenders, and county clerk offices to be delivered to Investors.
• Validate and audit final documents according to state, county and investor guidelines as well as the mortgage loan origination and servicing systems.
• Collaborate with state and county agencies to determine requirements and confirm documents are recorded properly to ensure Fifth Third Mortgage Company lien standing.
• Ensure FHA, VA, and Rural Housing mortgage loans are in compliance with investor and / or agency guidelines, including determining AUS findings, underwriting transmittal, credit and collateral are documented accurately throughout the file and associated systems.
• Utilize strong communication skills to deliver an accurate and timely resolution on each file by effectively communicating with internal and external customers and other 3rd parties, ensuring all conditions and regulatory requirements are met.
• Record, monitor and report deficiencies and required remedies, including steps taken to resolve the issue.
• Ensure deficiencies are accurately resolved and documentation is received within established deadlines.
• Image and deliver retrieved or corrected documents to appropriate departments while utilizing internal tracking software.
• Demonstrate and appropriately apply a thorough, working knowledge of diverse residential mortgage loan documentation, legal requirements, Fifth Third Mortgage Company loan policies and procedures, secondary market investors requirements, regulatory agency information, and government insuring agency (FHA, VA, Rural Housing) requirements.
• Validate, communicate and remediate salability issues on closed loans, so that they can be sold on the Secondary Market.
• Update task in servicing system (e.g., Mortgage Serve) for the resolution of various closing discrepancies.
• Discern system issues and timely report issues found to management for proper escalation.

Classification : Internal Use

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED :

Company Description

About BCforward :

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward’s 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class places to work.

BCforward is an equal opportunity employer.

Company Description

About BCforward : \r\n\r\nFounded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward’s 6,000 consultants support more than 225 clients globally.\r\n\r\nBCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class places to work.\r\n\r\nBCforward is an equal opportunity employer.