Mortgage Loan Origination Assistant

Other Jobs To Apply

<p>The lending assistant functions to support the Loan Originators in making the borrower loan experience as pleasant and efficient as possible.  The lending assistant must have exemplary communication skills with customers as well as colleagues.  The lending assistant coordinates with borrowers to prepare a complete loan file for submission and continues to work with the borrower throughout the loan process to satisfy all loan conditions required for a full loan approval.  The lending assistant is responsible for ensuring the scheduling all third party services are on track for a timely closing.  The lending assistant coordinates any post-closing needs with Secondary, Underwriting, and the borrowers. </p> <p>Essential Job Responsibilities__________________________________</p> <p>1. Supports assigned Mortgage Loan Originator(s) (MLO) and the management of their mortgage loan pipeline in order to meet customer needs and achieve targeted sales goals.</p> <p>2. Coordinates with borrowers to prepare a complete loan file for submission and continues to work with the borrower throughout the loan process to satisfy all loan conditions required for a full loan approval.  </p> <p>a. Prepares complete file for submission (within 1 day of getting all verification docs from borrowers)</p> <p>i. Reviews Credit</p> <p>ii. Completes and verifies entire 1003</p> <p>iii. Verifies income & employment</p> <p>iv. Verifies residential history</p> <p>v. Verifies assets/ source of down payment</p> <p>vi. Reviews any large deposits</p> <p>vii. Runs AUS</p> <p>3. Ensures the scheduling of all third party services are on track for a timely closing. </p> <p>a. Track appraisal turn times/ inspections/ order rejections/acceptance</p> <p>b. Orders HOI</p> <p>4. Coordinates any post-closing needs with Secondary, Underwriting, and the borrowers. </p> <p>a. Communicates requirements to borrowers (within 1 day of conditional approval)</p> <p>b. Collects loan conditions from borrowers, vendors, bank partners (preferably within 1 week of conditional approval)</p> <p>c. Coordinates updates on files (addendums, loan changes, etc. with all parties)</p> <p>d. Maintains database</p> <p>5. Maintains knowledge of secondary marketing guidelines, portfolio guidelines and all mortgage loan products.</p> <p>6. Works to achieve superior client satisfaction through exceptional service.  </p> <p> </p> <p>Bona Fide Occupational Qualifications___________________________</p> <p>1. A high school diploma or equivalent is required.  An associate’s degree is preferred.</p> <p>2. A minimum of two (2) years of current mortgage lending experience is required.  </p> <p>3. Attention to detail is critical, as are strong communication and organizational skills.  Solid mathematical and analytical skills are also necessary.  </p> <p>4. A valid driver’s license is required and travel may be necessary.  </p> <p>5. Must register and maintain current registration with the National Mortgage Licensing System & Registry (NMLS). The NMLS website (mortgage.nationwidelicensingsystem.org) provides the MU4R questions and registration required for employment in this position.</p> <p>6. Must not appear on the Freddie Mac Exclusionary List or Excluded Parties List System (EPLS), be subject to a Limited Denial of Participation (LDP) or otherwise restricted from participating in HUD programs.</p> <p>7. May be eligible for telecommuting.</p> <p> </p>

Back to blog
Ads

Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...