Clerk, Control

·         Ensures timely registration of applications and issuance of initial disclosures and/or revised disclosures ensuring Regulatory Compliance.

·         Monitoring sources applications are received (ie consultants, brokers, on-line lending system)

·         Contacting applicants, consultants and/or mortgage brokers relative to missing information or documentation

·         Verifying loan terms meet Bank’s guidelines

·         Running OFAC checks, DNA and Cenlar on all customers

·         Verifying broker/loan originator is registered with NMLS

·         Assigning applications to Processors

·         Implements the processing of Retail and Consumer loan applications by reviewing new applications submitted into the loan origination systems

·         Prepares Wholesale loan application for submission to Underwriting by ordering and evaluating credit reports to determine housing and debt ratios and any indebtedness not included in credit report, as applicable.

·         Ensures appropriate forms as required have been appropriately obtained and are a component of all application packages

·         Provide back-up to perform daily financial transactions on Bank’s Core and Mortgage Origination Systems by making appropriate G/L entries for the following:

·         Appraisal fees, credit report fees and points paid at time of application and/or Commitment

·         Verify accuracy of bills for credit reports, flood certifications and tax transcripts prior to requesting and disbursing payment

·         Assist in maintaining proof and control of the department’s G/L accounts by running corresponding daily reports, keeping a control log and comparing the Mortgage Origination System data to that of Nautilus.

·         Back-up in paying fees due brokers by preparing vouchers after careful verification through comparison of Mortgage Origination reports and fees due broker sheets.

·         Maintains broker registrations for receipt of complete processing package.

·         Provides accurate and timely management reporting

·         Monitors non-delivered packages from Brokers until receipt of complete processed package.

·         Assists in the processing of mortgage and consumer loan applications by contacting applicants and/or mortgage brokers relative to missing information or documentation.

·         Provides accurate and timely management reporting.

·         Helps out, where necessary, by performing other related duties which may be required from time to time.

·         Knowledge of the mortgage and consumer loan application processes including FNMA, Regulatory and Bank Guidelines. Strong knowledge of TILA/RESPA.

·         Knowledge of good organizational and communication skills.

·         Demonstrated knowledge of PCs.

·         Demonstrated knowledge of basic accounting and analytical abilities.

·         Ability to research differences and bring to resolution.