Mortgage Loan Servicing Clerk, Sr. jobs in Frederick, MD

Mortgage Loan Servicing Clerk, Sr. performs administrative tasks to support the mortgage loan servicing group. Reconciles additions and disbursements of escrow accounts, processes payoffs, and reviews documents for accuracy and completeness. Being a Mortgage Loan Servicing Clerk, Sr. requires a high school diploma or its equivalent. Typically reports to a supervisor. The Mortgage Loan Servicing Clerk, Sr. gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision. To be a Mortgage Loan Servicing Clerk, Sr. typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)

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Mortgage Loan Servicing Representative (Remote-Hybrid)
  • NASA Federal Credit Union
  • Upper Marlboro, MD FULL_TIME
  • NASA Federal Credit Union is in search of a Mortgage Loan Servicing Representative responsible for delivering exceptional customer service via telephone, mail, and email while assisting members with NASA FCU lending products and services.  The Mortgage Loan Servicing Representative will maintain accurate data in our loan servicing systems for mortgage loans as well as acting as a member and branch liaison for all mortgage loan transaction-related questions.  This position will onboard new first mortgages, set up escrow accounts for new mortgages, post payments and payoffs to mortgages, and process annual escrow analysis.  It will also respond to internal and external email communications and track recordation and process lien releases for first mortgages and home equity Deeds of Trust.  The Mortgage Loan Servicing Representative will be responsible for auditing/maintaining MERS system and processing mortgage corrections, transfers due to security breach or removal of member from account, as well as credit bureau reporting and corrections.

     

     

    ESSENTIAL DUTIES AND RESPONSIBILITIES include the following with other duties may be assigned.

    Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act.  

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    Level I:
    • Address member correspondence via inbound/outbound phone calls and email
    • Onboards new first mortgages to FICS
    • Orders coupon books
    • Handles all internal/external member inquiries pertaining to documents (Notes, Deeds of Trust, Title Policies)
    • Completes Verification of Mortgage forms
    • Processes payoff requests and transactions for all real estate loan types
    • Posts payments to all real estate loan types
    • Responsible for mailing Goodbye (Retail Sold) and Welcome letters (Correspondent)
    • May be cross trained in select duties of the Mortgage Loan Servicing Representative II position


    Level II: (In addition to the requirements of Level I)
    • Sets up escrow accounts for new mortgages
    • Responsible for transferring mortgages to investors in MERS in a timely manner
    • Tracks recordation and processes lien releases on first mortgage and home equity Deeds of Trust
    • Files all mortgage documents within the vault and tracks outgoing original documents
    • Verifies accuracy of 10% of new mortgages and critical fields
    • Responsible for research and corrections to mortgages
    • Responsible for mortgage account transfers due to security breach or removal of member from account
    • Has a thorough knowledge of FCRA; responsible for credit bureau reporting, disputes, and corrections
    • Assists in the preparation of yearly 1098 and 1099 tax forms
    • Reviews daily, weekly, and monthly reports
    • May also be responsible for all or part of the duties of the Mortgage Loan Servicing Representative I position
    • May be cross trained in select duties of the Mortgage Servicing Representative III position


    Level III: (In addition to the requirements of Level I & II)
    • Reviews and audits new escrow setups for accuracy
    • Disburses payment of taxes, insurance, and private mortgage insurance
    • Contacts member regarding delinquent taxes and cancellation of insurance
    • Responsible for the force placement of hazard and flood insurance as needed
    • Coordinates with Management to pay delinquent taxes to prevent tax sale; redeems collateral from tax sale
    • Analyzes, prepares, and mails annual escrow analysis statements
    • Processes final escrow disbursements
    • Reviews member requests for waiver of existing escrow accounts
    • Reviews member requests for waiver of private mortgage insurance
    • Coordinates mortgage hazard and flood insurance claims
    • Files blanket coverage claims for home equity lines/loans
    • Processes and verifies all rate adjustments on Adjustable Rate Mortgages and Commercial Loans
    • Responsible for verifying monthly and quarterly rate adjustments on Home Equity Lines of Credit
    • Responsible for loan modifications/partial releases on all real estate loan types
    • Responsible for reviewing and processing year-end tax statements
    • Completes MERS audits, tracks receipt of transfers on Correspondent Loans
    • Responsible for servicing mortgages under the Servicemember’s Civil Relief Act (SCRA)
    • May also be responsible for all or part of the duties of the Mortgage Loan Servicing Representative I and II positions


    Education and Experience: Level I:
    • A high school diploma or general education degree (GED) and one-year relevant experience and/or training required
    • Excellent communication skills – written, oral, and listening
    • Ability to work independently, as well as collaboratively
    • Acute sense of urgency, with strong time management skills – meeting critical deadlines/goals with accurate work
    • Ability to prioritize and multi-task
    • Must be proficient in Microsoft Suite


    Level II: (In addition to the requirements of Level I)
    • A high school diploma or general education degree (GED) and two to four years relevant experience required


    Level III: (In addition to the requirements of Level I & II)
    • Bachelor’s Degree in relevant field preferred and three to six years relevant experience required
    • Strong knowledge of mortgage systems, mortgage procedures, credit union and governmental agency regulations and policies.


    Our generous benefit package includes:
    • $45,000 - $75,625 / Annually (based on experience and level)
    • 401(k) match to 6% of earnings – immediate enrollment and 100% vesting
    • Choice of two health plans
    • Dental 
    • Vision
    • Life Insurance – no cost
    • Long-term Disability Insurance – no cost
    • Employee Assistance Program – no cost
    • Paid vacation 
    • Paid sick time
    • 11 Paid holidays
    • Profit Sharing eligible
    • Pet Insurance
    • Identity Theft Protection
    • Remote-Hybrid (will require onsite presence)


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  • 1 Month Ago

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Mortgage Loan Originator
  • USA Mortgage
  • Charles Town, WV FULL_TIME
  • DescriptionWho We AreAt DAS Acquisition Company, LLC. (USA Mortgage), our mission is the unrelenting pursuit of perfection. We pride ourselves on the superior level of service that our status as a mor...
  • 3 Days Ago

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Mortgage Loan Processor
  • HOMESPIRE MORTGAGE
  • Derwood, MD FULL_TIME
  • Homespire Mortgage is looking for experienced loan processor to join our team. The ideal candidate must have mortgage loan processing experience, works well in a team environment and can handle a stea...
  • 3 Days Ago

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Mortgage Loan Originator
  • USA Mortgage
  • Washington, DC FULL_TIME
  • DescriptionWho We AreAt DAS Acquisition Company, LLC. (USA Mortgage), our mission is the unrelenting pursuit of perfection. We pride ourselves on the superior level of service that our status as a mor...
  • 5 Days Ago

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Mortgage Loan Originator
  • USA Mortgage
  • Arlington, VA FULL_TIME
  • DescriptionWho We AreAt DAS Acquisition Company, LLC. (USA Mortgage), our mission is the unrelenting pursuit of perfection. We pride ourselves on the superior level of service that our status as a mor...
  • 6 Days Ago

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Licensed Mortgage Loan Officer
  • EmpowerHome Mortgage
  • Vienna, VA FULL_TIME
  • Are you an experienced Mortgage Loan Broker looking for a new opportunity? We are seeking an experienced and detail-oriented Mortgage Loan Broker to join our dynamic team at our headquarters in Chanti...
  • 25 Days Ago

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0 Mortgage Loan Servicing Clerk, Sr. jobs found in Frederick, MD area

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Licensed Mortgage Loan Officer
  • UNITED 1 MORTGAGE CORPORATION
  • Tysons Corner, VA
  • Job Description Job Description We are seeking a Licensed Mortgage Loan Officer to become a part of our team! You will e...
  • 3/28/2024 12:00:00 AM

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Mortgage Loan Officer
  • Lafayette Federal Credit Union
  • Rockville, MD
  • Job Type Full-time Description *ONLY HIRING IN DC, MARYLAND AND VIRGINIA* Welcome to Lafayette Federal Credit Union Care...
  • 3/28/2024 12:00:00 AM

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Inbound Mortgage Loan Officer/Mortgage Banker. Live Leads.
  • Aurora Financial
  • McLean, VA
  • Job Description Job Description Aurora Financial Ranked #4 of the Greatest 25 Best Names in the Mortgage Industry by Mor...
  • 3/27/2024 12:00:00 AM

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Mortgage Loan Officer
  • Insight Global
  • Beltsville, MD
  • Insight Global is hiring a Loan Officer for one of our top Mortgage Lending clients. You will work directly with homebuy...
  • 3/27/2024 12:00:00 AM

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Personal Banker - Roving North West District
  • WELLS FARGO BANK
  • Sykesville, MD
  • Why Wells Fargo: Are you ready for the next step in your career? This is where it begins - at a company known for our "W...
  • 3/26/2024 12:00:00 AM

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Mortgage Loan Officer
  • PNC Financial Services Group, Inc.
  • Chantilly, VA
  • Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. ...
  • 3/25/2024 12:00:00 AM

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Mortgage Loan Originator
  • Buckingham Mortgage LLC
  • Tysons Corner, VA
  • Job Description Job Description Join 30 years of successful business! Established in 1994, we pride ourselves on being o...
  • 3/25/2024 12:00:00 AM

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Account Executive
  • NewDay USA
  • Fulton, MD
  • Job Description Job Description Unlicensed Loan Officer - Entry Level As a NewDay USA team member, you’re empowered to m...
  • 3/24/2024 12:00:00 AM

Frederick is located in Frederick County in the northern part of the state of Maryland. The city has served as a major crossroads since colonial times. Today it is located at the junction of Interstate 70, Interstate 270, U.S. Route 340, U.S. Route 40, U.S. Route 40 Alternate and U.S. Route 15 (which runs north–south). In relation to nearby cities, Frederick lies 46 miles (74 km) west of Baltimore, 49 miles (79 km) north and slightly west of Washington, D.C., 24 miles (39 km) southeast of Hagerstown, Maryland, and 71 miles (114 km) southwest of Harrisburg, Pennsylvania. The city's coordinates ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Mortgage Loan Servicing Clerk, Sr. jobs
$42,122 to $53,653
Frederick, Maryland area prices
were up 1.3% from a year ago