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Mortgage Document Coordinator

Company: Valley National Bank
Location: Wayne
Posted on: May 15, 2023

Job Description:

Job Description

The Mortgage Document Coordinator willvalidate 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.

      Requirements

      Required Skills:

      • High ability to multi-task and prioritize workflow and assignments.
      • High accuracy with attention to detail and meeting deadlines.
      • Ability to work independently and in a team environment.
      • Effective verbal and written communication skills.
      • Ability to comprehend, analyze and explain all aspects of a customer's request.
      • Ability to perform mathematical calculations and working accurately with numbers.
      • Knowledge of Microsoft Word, Excel and Access.

        Required Experience:

        • High School Diploma or GED and a minimum of three years' mortgage related experience.

Keywords: Valley National Bank, Wayne , Mortgage Document Coordinator, Other , Wayne, New Jersey

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