Mortgage Loan Review Specialist I

Role Overview

• Ensure that mortgage and equity loan documents are complete and accurate according to GNMA, FNMA, FHLMC, federal, state, investor and NFCU guidelines and requirements
• Review and validate full loan package post-closing, includes items related to the loan such as income documents, appraisals, other miscellaneous documents
• Identify and correct errors that may affect guaranty of loan and/or impact audit to prevent fines/penalties
• Coordinate changes, revisions and corrections with other mortgage staff, closing agents and vendors
• Record, track, monitor documentation issues and productivity
• Work under general supervision. Perform basic/routine tasks with basic research/review.

Requirements

• Exposure to mortgage lending principles, concepts and practices including mortgage processing, servicing and underwriting
• Exposure to reviewing/analyzing loans for compliance with Federal/state/county/NCUA/ laws, regulations and policies
• Familiarity with financial institution and lending practices, principles and regulations
• Experience in an accounting or banking operation, preferably dealing with payments, transactions, and balancing
• Experience in member/customer service preferably in a call center/retail banking/financial institution
• Familiarity with mortgage and equity (Conventional) guidelines
• Familiarity with mortgage/equity loan processing, closing, and documentation requirements and regulations
• Exposure to managing multiple priorities independently and/or in a team environment to achieve goals
• Effective clerical, technical or administrative skills
• Effective research, analytical, and problem solving skills
• Effective organizational, planning and time management skills
• Effective skill exercising initiative and using good judgment to make sound decisions
• Effective skill following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and Regulations
• Effective skill maintaining accuracy with attention to detail and meeting deadlines
• Effective skill performing mathematical calculations and working accurately with numbers
• Effective verbal and written communication skills
• Effective word processing and spreadsheet software skills
• Familiarity with Navy Federal products, services, programs, policies and procedures

Benefits

• Competitive pay
• Generous benefits and perks
• Paid time off