Valley Bank Job - 42310436 | CareerArc
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Company: Valley Bank
Location: Wayne, NJ
Career Level: Entry Level
Industries: Banking, Insurance, Financial Services

Description

The Mortgage Document Coordinator will validate the accuracy of information passed from the LOS to the MISER system for new first and second residential mortgage loans; make system corrections as needed. Follow-up and assist with the monitoring of corrections and/or re-recording of collateral documentation.   Responsibilities include but are not limited to:

  • Review new loans passed from the Mortgage Department's loan origination system to MISER for accuracy of information within prescribed timeframes after loan boarding.
  • Make changes to MISER as needed and as supported by the original loan documentation. Interacts with investors ensuring documentation is correct and complete.
  • Ensure proper follow-up and filing of original loan documents, Note, recorded Mortgage, Title Policy and Assignments, within the prescribed timeframes to complete the Collateral files.
  • Assist with the follow-up on corrective documentation sent to borrowers and/or settlement agents.
  • Receive, prepare and submit Post Funding Audit requests to Fannie and/or Freddie Mac and PMI companies within the prescribed timeframes.
  • Interview borrowers who are applying for a modification, assumption, re-amortization, or partial release of an existing first residential mortgage loan.
    • Review the submission package to ensure completeness, viability and compliance with established guidelines. Communicate with borrowers whose packages are incomplete and secure the missing documentation.
    • Prepare and submit packages to the Mortgage Servicing Manager for review and approval, denial or counter-offer. Preparation of documentation supporting management's decision.
    • Ensure finalized documentation is retained in loan files or delivered timely to Custodians for GSE's.
  • Assist with the preparation and submission of external home equity subordination requests.
  • Assist in the preparation of daily, weekly and monthly reports.
   


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