Senior Mortgage Loan Assistant

About the Job: Senior Mortgage Loan Assistant

Please submit your application via the NDBT careers page to be considered.

A senior mortgage loan assistant verifies, compiles and enters application information for mortgage loans by performing the following duties.

Responsibilities

• Maintain an organized and efficient work area with quick and easy access to all up to date guides and forms.
• Maintain organized electronic files in LOS.
• Maintain accurate and up to date records of all loan statuses for reporting and tracking purposes such as submitted, approved, cancelled, or denied.
• Maintain strong product and system knowledge by taking advantage of training and educational opportunities with regard to updates, changes in processes, and regulatory requirements.
• Review residential loan application files to verify that application data is complete and meets establishment standards, including type, amount of mortgage, borrower assets, liabilities and length of employment.
• Verify accuracy of information with employer and credit bureau.
• Request and analyze financials provided from borrower(s) to process and underwrite files.
• Contact specified companies to order and obtain property abstracts, surveys, appraisals and title work.
• Inform supervisor of discrepancies in title or survey coverage.
• Recommends that loans not meeting standards be denied.
• Submits mortgage loan applications file for underwriting approval.
• Type and mail approval/denial letters to applicant(s).
• Submits approved mortgage loan files to Mortgage Closers for settlement once clear to close status received.
• Maintain ongoing correspondence with customer, MLO, loan officer (portfolio) and title company regarding loan status. Proactively and effectively communicate all information to borrowers from the time the loan is decisioned through clear-to-close.
• Monitor and reconcile all submitted documentation, obtain missing and/or final loan documentation from the borrower, and discuss any discrepancies with the MLO.
• Review data input in comparison to loan documents and update/inquire accordingly.
• Help train, mentor and be an overall resource for other Junior Processors.
• Provide feedback to management regarding ideas on ways to improve and allow for a more efficient and automated process.
• Perform other duties as assigned

Qualifications

• High school diploma or equivalent required.
• 5+ years of mortgage loan processing experience, including 3+ years of experience in residential loan processing.
• In-depth knowledge of mortgage loan underwriting criteria and compliance guidelines, including ability to research and provide guidelines to clients and internal staff and comfortably discuss specific characteristics of loan features in relation to guidelines.
• Understanding of credit guidelines and ability to read credit reports.
• Basic underwriting knowledge/comprehension, including income calculation, asset review, appraisal review, etc.
• In-depth knowledge of mortgage lending guidelines and regulations (RESPA, REG B, HMDA, FHA, VA, Conventional, and other products offered).
• Good oral, written, and interpersonal communication skills
• Strong analytical and problem-solving skills
• Excellent time management and follow-up skills
• Ability to work effectively with business teams, clients, and vendors to build strong relationships
• Working knowledge of Microsoft Office products, including strong Excel spreadsheet skills

Location: North Dallas (Preston Rd & I-635/LBJ)

Join the NDBTeam!

We have a great team of friendly, talented, and inspiring people at NDBT. We take pride in offering exciting opportunities for employees to grow and follow their passions, while providing a great work-life balance as well as job stability. Founded in 1961, NDBT has a long-standing reputation in the community and strives to provide excellent customer service to our customers and communities. NDBT leadership and employees foster and contribute to our environment of mutual respect, accountability, creativity, and teamwork; and at all times to act with integrity, dignity, honor, and fairness. If this sounds like something you would like to be a part of – consider applying today.

Hybrid work environment available for non-lobby positions with most days in the office and 1 to 2 days working from home each week. Work schedule varies by department with remote work flexibility based on job duties, business needs, and individual circumstances. New hires are generally needed on-site for job training before a hybrid work schedule begins. We do not offer 100% remote work.

North Dallas Bank and Trust is an Equal opportunity employer. This company considers candidates regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.