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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 |
