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Conventional Correction Specialist Job Details

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Conventional Correction Specialist (Ref: 97271)
Sector, Sub Sector: Other
Compliance Type: Regulatory/Compliance
Expertise: -
Company: Fifth Third Bank
Location: Cincinnati , Ohio Americas, United States
Employment Type: Permanent
Job Description:


GENERAL FUNCTION: Perform a wide range of duties related to the post closing of residential mortgage loans and subsequent document follow-up. Responsible for auditing, filing, correction and general follow-up on closed loan packages.
 
ESSENTIAL DUTIES AND RESPONSIBILITIES:
·          Compare and verify that all of the closing conditions listed on the closing instructions are completed and contained in the file.
·          Identify any abnormalities with the closing package and process accordingly, annotating the findings in the Mortgage Loan Origination System.
·          Update the Mortgage Loan Origination System to reflect the accurate findings of the closing conditions.
·          Maintain basic knowledge of secondary market investor requirements and standards, as well as various regulatory agencies.
·          Record, monitor and report deficiencies and required remedies, including steps taken to resolve the issue.
·          Confirm, communicate and clear salability issues on closed loans, so that they can be sold on the Secondary Market.
·          Ensure deficiencies are resolved and documentation is received within the established time frame and internal deadlines.
·          Complete digitized audit sheet that all docs are received, correct, missing, or received with error.
·          Communicate with borrowers; affiliates, loan originators, title companies and other parties to correct errors and ensure all conditions and regulatory requirements are met.
·          Prepare and update Affiliate Error Reports.
·          Prepare MortgageServ System tasks for the resolution of various closing discrepancies.
·          Maintain knowledge of Fifth Third Mortgage Company’s policies and procedures.
·          May require crossover work with the other positions within the Post Closing Departments.
·          Additional duties as assigned.
 
SUPERVISORY RESPONSIBILITIES: None
Experience
MINIMUM KNOWLEDGE & SKILLS REQUIRED:
·          High School Diploma or GED equivalent.
·          Previous experience in Residential Mortgage Post Closing or similar mortgage area preferred.
·          Detail orientation.
·          Strong written and verbal communication skills.
·          Strong proficiency in Windows based software programs (Outlook, Word, Excel). Experience with Mortgage origination systems preferred.
·          Demonstrated organizational skills.
·          Able to work well in fast paced, computer driven atmosphere.
·          Demonstrated teamwork and customer service skills.
Job Ref No: 97271