Mortgage Operations & Compliance Director

Company: Jobot
Location: Aliso Viejo
Posted on: January 15, 2021

Job Description:

Leading OC Mortgage Broker is in need of a local Operations Director to see over Processing, Compliance and Closing This Jobot Job is hosted by: Brittany Perry Are you a fit? Easy Apply now by clicking the "Apply" button and sending us your resume. Salary: $135,000 - $175,000 per year A bit about us: We are a Broker/ Direct Lender based in Aliso Viejo. We have a strong system in place and providing the tools to ensure success in every role. This is an excellent opportunity for those looking to have a career with a company that has the support to make you a professional in a limitless industry. We are in need of an OPERATIONS DIRECTOR, local to Orange County. All candidates must have: Mortgage Operations Management experience 3 Years Experience in mortgage as Processing Manager or Funding Manager. Detailed knowledge of TRID and Mortgage Compliance protocols. Why join us? Great base salary Per file bonus plan on all closed loans (closing 300 per month) Full medical PTO Job Details Processor Management includes but is not limited to: Load Leveling Processors so they do not become overwhelmed. Identify, address and resolve aging loans in processor pipelines Ensure Processors are to submitting new loans within 48 hours of receipt. Ensure Processors are to providing the borrower with a weekly update via email and phone call. Would prefer 2 updates to borrower per week. Also looking for processors to have a weekly update with their respective loan officers on their files to provide status. Ensure Processors close their assigned loans within 45 days of receiving the file unless there is a special circumstance. Handle and respond to complaints clients may have on processors Funding Management includes but is not limited to: Ensure funding department meets investor underwriting guidelines before funding the loan. Ensure correspondent loans are purchased within 7-10 days of funding. Resolve purchase issues with investor Disclosure Management includes but is not limited to: Make sure all loan disclosures are compliant and meet investor, state and federal guidelines. Staying abreast with state, investor and federal guideline changes. Adding needed disclosures and removing unneeded disclosures. Monitor disclosure department to ensure all disclosures are delivered to client within 72hrs of complete application. Compliance Management includes but is not limited to: Maintain, organize and submit NMLS quarterly reports, state specific reporting and state examinations & audit responses. Work with current compliance officer or hire new compliance officer to make sure disclosures, funded files and marketing are compliant for state, federal and investor requirements. Develop written guidelines for all departments to follow Systemically scan and store All funded loans. Must have completed check list for all funded loans. Manage and Review Warehouse lines Manage hair cut accounts and wire necessary funds to close Satisfy all outstanding purchase conditions Prioritize funding loans based on lock expiration, loan size and warehouse lender terms. Trouble Shoot & fix loan files that investor(s) may not want to purchase Upload investor purchase advice Scan and store all final locks and closing statements for easy access Clear all post-closing Errors and Emissions conditions Ship All closed/funded loans to corresponding investor You Must Keep accurate and detailed records of all loan applications, loans in process and funded loans so company can turn in accurate NMLS call reports and respond to State Specific Audits and Compliance Reviews. You will be in charge of State and NMLS reporting Interested in hearing more? Easy Apply now by clicking the "Apply" button.

Keywords: Jobot, Aliso Viejo , Mortgage Operations & Compliance Director, Executive , Aliso Viejo, California