Job Description
Responsible for processing mortgage applications and supporting documents after origination until the time of closing. Facilitates the successful completion of mortgage loans in an accurate and timely fashion. Reviews and updates all applications and supporting documents with correct information and responds to member questions and complaints.
Job Responsibilities
- Processes mortgage applications and submit files to the underwriter for approval
- Updates mortgage loan applications by recording changes to loan amounts and other terms of the loan in the computer system and recalculating closing fees and loan payments
- Verifies all documentation for accuracy and completeness
- Ensures all documents are prepared and finalized in compliance with regulatory policies and procedures
- Ensures that members have adequate funds to cover various processing fees, e.g. rate lock-in by monitoring their accounts
- Responds to inquiries received from members through branches or the call center on loans in process
- Meets with members and maintain close contact to obtain information, documents, and permission to transfer funds
- Ensures FNMA loan guidelines are satisfied and all fees are collected when processing mortgage applications
- Orders vendor service including but not limited to PMI, appraisals, title reports, attorney services, flood certification, condo and co-op documents (when applicable)
- Ensures DU (desktop underwriter) and credit reports are uploaded into ImageFlow
- Requests and receives required documents not received by the Mortgage Loan Officer (MLO) and ensures documents are uploaded to ImageFlow and are clearly legible
- Ensures that HMDA screens are accurate
- Monitors loan pipeline activity while ensuring milestone dates and timelines are adhered to
- Assists Mortgage Loan Officer (MLO) in rate lock and redisclosed loans Creates lead in Salesforce for new member accounts
- Coordinates with Mortgage Loan Officer (MLO) to triage outstanding issues and escalations
- Re-discloses loan estimates, sends pre-approval letters, 10-day letters, and counter offers
- Perform other duties as needed upon request from immediate supervisor
Numbers & Facts
| Location | Hauppauge, NY |
| Job Type | Full-time |
| Salary | $50,000–$60,000 Per Year |
| Company Size | 51 - 200 |
| Year Founded | 2006 |
| Headquarters | Clearwater, FL, US |
| Website | https://newboldadvisors.com/ |
Qualifications
- Prior hands-on mortgage processing experience
- Must have basic working knowledge of the mortgage process; not looking to train someone completely new to processing
- PMI experience/knowledge is important – recent candidates interviewed did not have PMI experience
- Must be able to manage an active processing pipeline
- Hands-on training will be provided for company-specific processes
About Company
Newbold Advisors is a trusted strategic partner for mortgage, fintech, and financial services organizations. Founded in 2006, we specialize in connecting exceptional talent with forward-thinking companies that need to scale, modernize, or transform.
Our expertise spans business and technology consulting, talent acquisition, project delivery, and change management. Whether our clients need interim leadership, specialized contractors, or permanent hires, we deliver people who don’t just fill seats, they drive outcomes.
We are built on two core principles: act as a true trusted advisor and prioritize both client success and consultant satisfaction above all else. This people-first philosophy has earned us long-standing relationships with some of the most respected names in the mortgage and fintech industries.
At Newbold, we believe the right talent, aligned with the right strategy, is the ultimate competitive advantage. That’s why we go beyond traditional staffing and help organizations build stronger teams and better workplaces.
Headquartered in Clearwater, Florida, with a nationwide reach, Newbold continues to grow as a leader in human capital solutions for the financial services sector.
Skills
- Mortgageunmatched
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