Bellco Credit Union · 15 hours ago
Sr. Mortgage Operations Specialist
Bellco Corporate Offices, 7600 E Orchard Rd, Greenwood Village, Colorado, United States of America
Full-time
Hybrid
Mid, Senior Level
$65K/yr - $75K/yr
4+ years expBellco Credit Union is a local not-for-profit organization committed to serving its members and communities since 1936. They are seeking a Sr. Mortgage Operations Specialist to facilitate and complete the Correspondent delivery file review and purchase process while serving as a subject matter expert on loan origination systems and MERS-related initiatives.
BankingFinancial Services
Responsibilities
Provides a valuable and enjoyable experience to members, partners, and internal customers during interactions adhering to Bellco’s Core Values and Act Nice Behaviors. Consistently suggests ways to improve the member experience through improved processes and technology
Review mortgage files, as needed, to ensure file meets Federal, State, Agency and Bellco guidelines prior to purchase
Assist as needed with timely receipt of documentation or trailing documents from Correspondent partners and third-party vendors
Books correspondent loans manually as necessary into the Core system (DNA)
This role supports all real estate loan servicing questions and initiatives relating to MERS. Ensure compliance with all MERS requirements and conduct document reviews in alignment with MERS guidelines
Reconcile Mortgage Electronic Registration System (MERS) data and documents in an efficient and accurate manner. Involves validating MERS loans within 30 days of transfer, conducting in-depth research to resolve complex issues, and managing the administrative tasks of loan servicing such as document requests
Reconcile MERS to core system for accuracy of reporting. Update the internal and external system of record to ensure accurate loan level data required for MERS adherence
Perform reconciliation and review of all investor activity for each account maintained by the credit union to ensure accuracy and fulfillment of investor requirements
Work directly with investor servicing representatives including FNMA, to resolve any errors, mid-monthly/monthly reporting, and day-to-day processing. The primary goal is to ensure all transactions, reporting, remitting, and reconciliations are timely, accurate and complete
Ensure all General Ledger items are identified and resolved for assigned Investors
Ensure all real estate loan investor reporting requirements are executed with accuracy and completeness. Examples of duties may include but are not limited to completing daily remittances, resolving loan edits/rejects, complete the root cause for issues to prevent recurring rejects/edits, and complete mid-month and monthly reporting requirements by established due dates
Perform reconciliation and review of all investor activity for each account maintained by the credit union to ensure accuracy and fulfillment of investor requirements
Prepare purchase advice, reviewing the pricing and accuracy of the information prior to distributing to Bellco Management. Prepares and/or monitors post purchase adjustments, purchase advice and trailing documents
Act as the primary system expert for Correspondent platform and coordinates with First Mortgage Admin for updates and system requirements
Coordinates creation and development in testing automation processes for the benefit of Bellco
When manual processes are required, updates the appropriate purchase checklist as necessary and manages distribution
Identify and communicate adverse issues, trends or inefficiencies to management and other lines of business along with proposed solutions and contribute to agreed upon resolutions
Coordinates with internal and external parties on collection of quality control documentation
Maintain all procedures and updates as required. Generate, analyze, and store monthly reports
Regular and punctual attendance
Qualification
Required
4 years of real estate mortgage experience to include either post-closing, loan delivery and/or correspondent experience
2 years of Mortgage System knowledge-including knowledgeable coordination with system administrators
Bachelor's degree in related field or equivalent experience
Must possess both strong verbal and written communication, organization, presentation, customer service and interpersonal skills
Detail oriented, flexible and works well within a fast-paced team environment
Demonstrates strong analytical/problem solving and time management skills
Strong PC skills to include Microsoft Word and Excel
Knowledge of First Mortgage Loan Origination Systems with the ability to translate business needs to system requirements
Advanced knowledge of real estate lending guidelines, systems, loan products and documents
Advanced knowledge of Desktop Underwriter and Loan Conditions
Knowledge of Investor Reporting and/or mortgage loan financial balancing with some servicing knowledge
Preferred
Knowledge of loan delivery – MERS experience preferred
Benefits
Medical
Dental
Vision
401 (k) with company match
Supplemental Life Insurance
Paid Vacation
Paid Sick Days
Paid Holidays
Company
Bellco Credit Union
Bellco Credit Union offers great checking accounts, CDs, auto, home loans and savings.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Carrie Fredenburg
Senior Vice President - Chief Human Resources Officer
John Rivera
SVP - Chief Retail Officer
Recent News
2024-04-10
2024-02-10
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