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Valley National Bank

Mortgage Document Coordinator

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What they do

A Loan Processor processes applications for bank loans including mortgage or commercial loans. Assists customers with the application process, organizes and reviews credit information or business financial reports, and puts together materials needed for loan underwriters to evaluate an application.

$47,579 / year median in New Jersey

-28% projected decline

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Job Description

Mortgage Document Coordinator Valley National Bank - 3.2 Wayne, NJ Job Details $17.74 - $29.57 an hour 4 hours ago Qualifications Microsoft Word Customer communication Microsoft Excel High school diploma or GED Math Handling customer service requests Customer support for financial loans Full Job Description 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.
Additional Details :
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. Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.