Mortgage Shipping Purchase Clearer (Full Time) - Richardson
External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers. Applying through any other source may prevent Prosperity from receiving your application. Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer. POSITION PURPOSE Obtain signed closing documents from title company and ship to the appropriate investors and insuring government loans. ESSENTIAL FUNCTIONS AND BASIC DUTIES
- Coordinating with title companies to receive final signed closing documents
- Review documents and stack per investor requirements and upload into Encompass
- Maintain tracking system for all packages
- Obtain final checks from title company along with Final Closing Disclosure to forward to mortgage accounting department
- Airmail Final Note to investor
- Confirm accuracy of MERS registration and transfer
- Stack the FHA / VA/USDA file in correct order per agency guidelines
- Pay the MIP / FF in a timely manner
- Complete Insuring data to FHA/VA/USDA systems for final insuring
- Receive, upload, and track final docs Deed of Trust and Title Policy
- Maintain tracking log of all final documents and call title/recording office to retrieve missing documents
- Maintain tracking log of all government loans for insuring and payments to ensure proper timelines
- Correct and return any pending conditions issued by government agency
- Maintain system for insuring tracking purposes.
- Pull payment letters and investor Goodbye letters and update closing log with purchased loans
- Secondary Marketing Liaison for all post purchase investor follow up reconciliations
- Obtain purchase advises from all investors and coordinate with mortgage accounting for loan payoff
The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time. SUPERVISORY RESPONSIBILITIES: This role has no supervisory responsibilities. QUALIFICATIONS Education/Certification: High school graduate or equivalent. Coursework in general office skills helpful. Required Knowledge: Knowledge of mortgage compliance. Experience Required: 3 or more years’ experience in Mortgage loan shipping or document follow up functions PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Finger Dexterity: Using primarily just the fingers to make small movements such as typing, picking up small objects or pinching fingers together. Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Average Hearing: Able to hear average or normal conversations and receive ordinary information. Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers. Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery. Physical Strength: Sedentary work; sitting most of the time. Exerts up to250 lbs. of force occasionally. (Almost all office jobs.) WORKING CONDITIONS None: No hazardous or significantly unpleasant conditions (such as in a typical office). MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Reasoning Ability: Ability to apply common sense understanding to carry out detailed but uninvolved instructions and to deal with pro Apply tot his job Apply To this Job