Loan Technician

BSI Financial Services; Irving (TX); On-site; USD 55,000 - 75,000; Full time

Job summary

BSI Financial Services in Irving, TX is seeking a Loan Technician to manage a centralized disclosure desk and perform loan level reviews ensuring data integrity and regulatory compliance throughout the mortgage cycle.

You will collaborate with Loan Officers and Processors, prepare disclosures, monitor changes, and support cross-functional partners with accurate pricing and timely filings while maintaining attention to detail and meeting deadlines.

Qualifications

• High School diploma or equivalent.
• Mortgage loan experience preferred but not required.
• Familiar with Outlook, Microsoft Word, Excel.
• Excellent quantitative skills and strong written/verbal communications skills.

Responsibilities

• Review and interpret information to determine which disclosures are required.
• Follow training and audit checklists to evaluate loan files for data accuracy.
• Prepare LE and PCD, confirm fees and pricing are accurate and deliver to borrower(s).
• Monitor and disclose change of circumstance (COC) requests per TRID guidelines.
• Monitor and execute Notice of Incomplete letters as necessary.
• Process cancelled/denied/withdrawn files including pre-HMDA review.
• Oversee the locked pipeline to ensure loans do not expire before or after closing.
• Work with Loan Officers and Processors to validate pricing and data integrity.
• Monitor loan pipelines daily to ensure files move to next milestone.

Skills

Mortgage basics

Attention to detail

Comms skills

Research & analysis

Time management

Deadline-driven

Adaptability

Professional comms

Teamwork

Education

High School diploma or equivalent

Tools

Outlook

Microsoft Word

Excel

Job description

Brief Description

The BSI Lending Division – Loan Technician is responsible for a centralized disclosure desk to ensure adherence to regulatory and secondary market requirements as it relates to the loan disclosure process required throughout the mortgage loan cycle. Additionally, the candidate will perform loan level reviews to ensure that quality and data integrity adheres to Company and Investor expectations. The Loan Technician will also be responsible for providing support to key business partners regarding volumes and the effectiveness of compliance with federal and state regulations.

Brief Description

The BSI Lending Division – Loan Technician is responsible for a centralized disclosure desk to ensure adherence to regulatory and secondary market requirements as it relates to the loan disclosure process required throughout the mortgage loan cycle. Additionally, the candidate will perform loan level reviews to ensure that quality and data integrity adheres to Company and Investor expectations. The Loan Technician will also be responsible for providing support to key business partners regarding volumes and the effectiveness of compliance with federal and state regulations.

Essential Functions

• Review and interpret information received to effectively determine which disclosures are required to be provided. Information may be contractual, loan (rate term, loan type, interest rate lock, mortgage fee, etc.) property/market (transfer tax, stat disclosures, etc.) or borrower related.
• Follow training and audit checklists necessary to evaluate loan files for data accuracy, consistency, and completeness.
• Prepare Loan Estimate (LE) and Preclosing Disclosure (PCD), confirm fees and pricing are accurate and deliver to borrower(s).
• Monitor and disclose change of circumstance (COC) requests in accordance with TRID guidelines verifying fee and loan information for accuracy at time of disclosure.
• Monitor and execute Notice of Incomplete letters as necessary.
• Process cancelled/denied/withdrawn files as applicable including a pre-HMDA review.
• Oversees the locked pipeline to ensure loans do not expire prior to, or post-closing.
• Responsible for working with Loan Officers and Processors through the life of the loan to validate the accuracy of pricing as it relates to loan characteristics and ensure the data integrity of lock detail in the loan origination system.
• Monitor loan pipelines daily to ensure that files are moved to next applicable milestone accordingly.

Competencies/Skills

• Basic knowledge of mortgage loans, loan level data and mortgage terminology
• Attention to detail, high level of accuracy and ability to review self-created work. Strong analytical skills and mathematical fluency
• Excellent oral and written communication skills
• Comfortable performing research and analysis
• Time management
• Ability to work within strict deadlines
• Ability to pivot from one task to another quickly
• Takes direction well
• Professional business communication
• Teamwork orientation

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Ability to sit for long periods of time is essential.

Position Type and Expected Hours of Work

This is a full-time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5 p.m. CST. Additional hours may be required.

Education And Experience

• High School diploma or equivalent
• Mortgage loan experience preferred but not required
• Familiar with Outlook, Microsoft Word, Excel
• Excellent quantitative skills and strong written/verbal communications skills.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

What’s in it for you?

• Competitive compensation and full benefits package include medical, dental, and vision.
• 100% company-paid life insurance and disability coverage!
• 401K with company matching!
• 17 days PTO (increases with tenure) and 9 company paid holidays!
• Professional but fun, casual work environment and great team culture!

About BSI Financial

Founded in 1986, we provide financial services that support our vision of enabling sustainable home ownership by practicing core values that embody doing what is right; emphasizing problem solving; delivering on expectations and winning with humility. Our clients include lenders and investors who make home financing possible. BSI Financial was ranked multiple times in the SMU Dallas 100 list of the fastest growing companies in North Texas and was twice named to the Inc. 5000 list of the fastest growing U.S.

EEO Statement

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law