Mortgage Servicing Specialist I, II or III (DOE) - Not Remote Job at OneAZ Credit Union
Our associates enjoy a one-of-a-kind culture with a rich benefits package that includes:
Generous paid time off: 11 paid holidays, 6 personal days, 10 vacation days, plus sick time- Low-cost Medical, Dental & Vision plans – as low as $5 per pay period
- Paid childcare assistance (up to $96 per pay period)
- Award-winning 401(k) 5% discretionary match - fully vested from day 1
- 100% Gym fee reimbursement up to $75/month
- 100% Tuition Reimbursement Up to $5,250
- $1200/yr student loan repayment
Our ideal candidate
Reviews fallout loans for HMDA compliance. Assist with HMDA data extract requirements. Tracking and posting of Mortgage Loan Insurance Premiums due. Tracking and posting of semi-annual property taxes due. Coordinate with tracking insurance company for updates and CPI insurance as required. Assisting with Arizona annual escrow analysis requirements. Responsible for release of mortgage deeds as loans pay off. Assists as a backup and lead contact for Home Loan Post Closer Shipper. Assist in training of servicing positions and creation of policy and procedures as needed.
A typical day might include the following
Work with the export of data and completion of HMDA Quarterly review.- Works directly with subservicer relationship (DMI) for all inquiries
- Coordinate all Construction Loan Servicing Draws and Escrow Holdback draws
Report to Management monthly on outstanding Construction loans being serviced - Work with resolving any post-closing issues or deficiencies.
- Prepares ACH drafts and loan payoffs
- Coordinates review and payment for monthly mortgage insurance billings
- Assists with calls for members including research and problem resolution.
- Assists the department with closing functions as needed.
- Reviews weekly reports for Hazard insurance premium payments including working with CPI vendor.
- Assist in training of servicing positions and creation of policy and procedures as needed.
- Reviews semiannual reports for Payment of Property taxes.
- Assist Servicing Manager with Arizona annual escrow analysis requirements.
- Develops working knowledge of department GL’s account balancing in accordance with established department procedures.
- Assist with the preparation and maintenance of the CMC purchased loans report including the receipt of Incoming Sales Release Premium.
- Assist closing with the verification of outgoing wires as needed
- Assist closing with daily completion of original deeds to various counties for recording.
- Assist with Escrow holdback loans and servicing disbursement payments.
- Work with CPI vendor on insurance requirements
- Work directly with Mortgage Servicing Manager on servicing projects and other duties as assigned.
- Assist and back-up for release of deeds of trust and trailing recorded docs to be received.
- Assist with submission of FNMA loans for purchase and data extract to Servicer.
- Assist as backup for filing title policies, deed of trusts, hazard insurance statements, recorded reconveyance and other paperwork in real estate files and forwards other paperwork to branches, members and outside agencies as appropriate.
- Act as a backup for the processing of payoffs and lien releases.
- Other duties as assigned by Home Loan Department Servicing Manager.
- Develop an understanding of Credit Union philosophy, organization, bylaws, and operational procedures and comply with the requirements of the Bank Secrecy Act, AML, OFAC and all other applicable State and Federal Financial Institution Regulations.
Education and/or Experience
3-5 years’ financial industry experience- 3-5 years’ mortgage experience preferred
- Two-year college degree or completion of specialized course of study
- Three years related experience
- Thorough knowledge of Mortgage Loan Servicing and lending practices. Knowledge of and Mortgage Closing/funding a plus. Knowledge of Arizona county recording requirements.
- Understanding of Arizona escrow analysis requirements.
Why join the OneAZ team?
Our culture is one-of-a-kind! You’ll be joining a team of friendly, hardworking, helpful associates with the same mission guiding all that we do: We exist to improve the lives of our members, our associates and the communities we serve.
We are proud to be an equal opportunity employer and value diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
We offer robust benefits including low-cost medical, dental and vision plans, gym reimbursement, paid parental leave, generous personal days and vacation time, and an award-winning 401(k) program among many others. Take a look at our career page for detailed benefit information: www.oneazcu.com/about/careers
Additional Notes:
Candidates for this position will be required to sign an authorization for OneAZ to conduct a credit and criminal background check, pursuant to procedures in the Fair Credit Reporting Act and any other applicable laws.
All candidates will be considered for this position on an individualized basis, in compliance with all applicable equal employment opportunity laws.
Ensures compliance with applicable policies, laws, and regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) compliance, USA Patriot Act, and Office of Foreign Assets Control (OFAC).
Any individual who meets the definition of a mortgage loan originator and is employed by a federal agency-regulated institution will need to be registered on NMLS.
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