Mortgage Loan Operations Specialist

Unity Bank; Clinton (NJ); On-site; USD 65,000 - 95,000; Full time

Job summary

Unity Bank is seeking a Mortgage Loan Operations Specialist to manage the residential mortgage lifecycle from opening through investor delivery and portfolio boarding. You will coordinate disclosures, closings, and post-closing activities in a fast-paced environment.

The role requires strong mortgage experience, ability to analyze settlement and title reports, and familiarity with FNMA/FHLMC guidelines. Proficiency in MS Word and sharp attention to detail are essential.

Qualifications

• 5 years conventional mortgage experience
• 5 years closing/post-closing operations experience
• Ability to analyze settlement packages and title reports
• Knowledge of FNMA/FHLMC guidelines
• Knowledge of Automated Underwriting Systems LP/DU is recommended
• Excellent communication skills, both written and verbal
• MS Word Suite required

Responsibilities

• Open loans with accurate data entry and deliver initial disclosures.
• Coordinate closing, prepare packages, and verify terms.
• Deliver loans to investors/servicing partners and clear suspense conditions.
• Provide post-closing review and ensure proper portfolio loan boarding.

Skills

Mortgage operations

Data entry

Disclosures

Closing coordination

Post-closing

Investor delivery

FNMA/FHLMC guidelines

LP/DU underwriting

Communication skills

Detail oriented

Tools

MS Word

Job description

Position Summary

The Mortgage Loan Operations Specialist is responsible for managing residential mortgage loans throughout the operational lifecycle, including loan opening, disclosure preparation, closing coordination, post-closing review, investor delivery, and portfolio loan boarding.

Essential Functions:

Loan Opening Responsivities

• Ensure accurate and timely loan data entry
• Generate and deliver initial disclosures
• Order and track appraisals, title work, flood certifications, verifications and payoffs.
• Monitor files to ensure deadlines are met

Closing Responsibilities

• Prepare closing packages and investor documents
• Review closing disclosures for accuracy
• Coordinate closing with settlement parties
• Verify loan terms, title, insurance and fees

Post-Closing and Secondary Market Responsibilities

• Review signed closing packages
• Deliver loans to investors and servicing partners
• Clear suspense conditions and funding requirements
• Ensure accurate portfolio loan boarding

Additional Functions

• Work with Operations Manager at identifying any training deficiencies within the department
• Work with Operations Manager in creating and implementing any process changes that might be needed due to investor or servicer policies
• Assist department with any other assigned duties
• MERS Officer for the Mortgage lending department
• Perform periodic reporting on work progress, project completions, and additional reporting as requested by mortgage Operations manager.

Education and Experience

• 5 years conventional mortgage experience required
• 5 years closing/post-closing operations experience required
• Ability to analyze settlement packages and title reports is required
• Detailed knowledge of FNMA/FHLMC guidelines is required
• Knowledge of Automated Underwriting Systems LP/DU is recommended
• Excellent communication skills, both written and verbal, are required
• MS Word Suite required

Knowledge, Skills, and Abilities

• Knowledge of basic mortgage forms and documents
• Ability to work in paperless and remote environment
• Effective interpersonal relationship building skills
• Strong computer skills
• Detail oriented and accurate data entry
• Strong organizational skills
• Ability to work in a fast-paced environment
• Proficient in database management and record keeping.

Compliance

• It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.

All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability.

This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment.

This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.

Unity Bank is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States.

Unity Bank commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans provided the individual is able to perform the essential functions of the job, unless such accommodation would impose an undue hardship upon Unity Bank. A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting Unity Bank's human resources department.