Mortgage Loan Review Specialist I/II

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Mortgage Loan Review Specialist IBasic PurposeTo ensure that mortgage and equity loan documents are complete and accurate according to GNMA, FNMA, FHLMC, federal, state, investor and NFCU guidelines and requirements. Review and validate full loan package post-closing, includes items related to the loan such as income documents, appraisals, other miscellaneous documents. Ensure accuracy and completeness according to established guidelines requirements. Identify and correct errors that may affect guaranty of loan and/or impact audit to prevent fines/penalties. Coordinate changes, revisions and corrections with other mortgage staff, closing agents and vendors. Record, track, monitor documentation issues and productivity. Level I: Work under general supervision.Responsibilities Determine whether mortgage and equity loan documents conform to stated guidelines and requirements - Basic Review system of record and enter tasks for identified issues Basic/Routine Research, analyze and resolve issues related to documentation - Basic Document identified issues; update documentation as issues are resolved Basic/Routine Process VA Funding Fee refunds from the government agency Basic Process VA receipt updates and printing Basic Review scanned mortgage documentation and index the image into the appropriate document type Basic Coordinate with external vendors and internal business units to correct erroneous information Basic Validate production numbers to daily reports submitted by Management - leveler Complete mortgage and equity document reviews within SLA - Basic research/review Perform other duties as assignedQualifications Exposure to mortgage lending principles, concepts and practices including mortgage processing, servicing and underwriting Exposure to reviewing/analyzing loans for compliance with Federal/state/county/NCUA/ laws, regulations and policies Familiarity with financial institution and lending practices, principles and regulations Experience in an accounting or banking operation, preferably dealing with payments, transactions, and balancing Experience in member/customer service preferably in a call center/retail banking/financial institution Familiarity with mortgage and equity (Conventional) guidelines Familiarity with mortgage/equity loan processing, closing, and documentation requirements and regulations Exposure to managing multiple priorities independently and/or in a team environment to achieve goals Effective clerical, technical or administrative skills Effective research, analytical, and problem solving skills Effective organizational, planning and time management skills Effective skill exercising initiative and using good judgment to make sound decisions Effective skill following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and Regulations Effective skill maintaining accuracy with attention to detail and meeting deadlines Effective skill performing mathematical calculations and working accurately with numbers Effective verbal and written communication skills Effective word processing and spreadsheet software skills Desired - Familiarity with Navy Federal products, services, programs, policies and proceduresMortgage Loan Review Specialist IIBasic PurposeTo ensure that mortgage and equity loan documents are complete and accurate according to GNMA, FNMA, FHLMC, federal, state, investor and NFCU guidelines and requirements. Review and validate full loan package post-closing, includes items related to the loan such as income documents, appraisals, other miscellaneous documents. Ensure accuracy and completeness according to established guidelines requirements. Identify and correct errors that may affect guaranty of loan and/or impact audit to prevent fines/penalties. Coordinate changes, revisions and corrections with other mortgage staff, closing agents and vendors. Record, track, monitor documentation issues and productivity. Level II: Work under minimal supervision. Assist in guiding/training less experienced team members.Responsibilities Analyze, research and resolve problems and discrepancies related to member accounts/loans Complex/difficult Review and Submit VA loans for guaranty Complex/difficult Review and Submit Conventional assumptions for guaranty Complex/Unusual Research/clarify/resolve escalated problems related to mortgage and equity closing documents Considerable Scope Collect, review and verify mortgage and equity loan documents conform to stated guidelines and requirements Advanced Review system of record and enter tasks for identified issues Complex/difficult Document identified issues; update documentation as issues are resolved Considerable Scope Interact with members, other staff and outside contacts to resolve discrepancies, problems and issues Complex/difficult Validate production numbers to daily reports submitted by Management Complete mortgage and equity document reviews within SLA Moderate analysis Resolve issues that are uncommon in the business unit Perform other duties as assignedQualifications Experience in reviewing/analyzing loans for compliance with Federal/state/county/NCUA/ laws, regulations and policies Working knowledge of financial institution and lending practices, principles and regulations Experience in an accounting or banking operation, preferably dealing with payments, transactions, and balancing Experience in member/customer service preferably in a call center/retail banking/financial institution Working knowledge of Conventional, VA loans, guidelines, and assumption loans Working knowledge of mortgage/equity loan processing, closing and documentation requirements and regulations Effective research, analytical, and problem solving skills Experience in managing multiple priorities independently and/or in a team environment to achieve goals Effective organizational, planning and time management skills Effective skill exercising initiative and using good judgment to make sound decisions Effective skill following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and regulations Effective skill maintaining accuracy with attention to detail and meeting deadlines Effective skill performing mathematical calculations and working accurately with numbers Effective verbal and written communication skills Effective word processing and spreadsheet software skills Desired - Working knowledge of Navy Federal products, services, programs, policies and proceduresHours: Monday Friday, 8:00am 4:30pmLocation: 820 Follin Drive, Vienna, VA 22180Due to COVID-19 and social distancing, this position may require working from home temporarily with plans to return to campus at the location listed once Navy Federal is back to normal operations. The specific logistics for returning to campus will be determined at a future date by individual leadership.Salary: Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. The salary range for this position is: $22.00 - $30.50 hourly.