Loan Production Analyst
Mutual of Omaha Mortgage is a Fortune 300 Company with an iconic brand and outstanding customer loyalty. Mutual of Omaha Mortgage is inspired by hometown values and a commitment to being responsible and caring for each other. We exist for the benefit of our customers and employees.
Mutual of Omaha Mortgage is a full-service lending company offering both Forward and Reverse Mortgage products including a complete line of residential mortgage, refinancing, specialty, and HECM loans. We employ a knowledgeable staff of experienced Loan Officers with an operations team that is second to none. If you are interested in joining a team that promotes from within and works together toward a common goal of helping customers with their mortgage needs, please review and apply for our opening below!
We offer an extensive compensation package. Benefits include Medical, Dental, and Vision insurance, company paid life insurance, 401K with a generous employer match and additional benefits such as Free Legal Services and an Employee Loan Program. Mutual of Omaha Mortgage is an Equal Opportunity Employer and we encourage diverse, talented, qualified applicants to apply.
Base Hourly rate of $23-25 and bonus per file of $40-$50.
Experienced Loan Production Analysts can earn between $70-$80,000.
This position is an in-office position, in Seven Hills, OH.
Responsibilities:
- Confirms loan meets program guidelines and contains necessary documentation so underwriting can issue a loan approval with 4 conditions or less.
- Ensure all introductory calls are made to clients within 24 hours of receiving the file.
- Completes thorough review of income and completes income calculation worksheet so underwriting can see how the loan was qualified
- Verifies assets based on loan structure/type and AUS recommendations
- Retrieves all MC 3rd party orders and assigns them accurately in e-folder.
- Reviews All Title Documents to Ensure Correct Vesting, Lien Removal
- Orders/obtains condo warranty docs and subordination requirements when applicable
- Reviews critically signed disclosures to ensure compliance.
- Submits acceptable loan file to underwriting; including all necessary documentation and identifies any special/abnormal circumstances for underwriter.
- Contact borrowers for any missing/required information.
- Pull pipeline report prior to opening email and create priority list for the day.
- Review email
- Follow up with outstanding stipulations/necessities to get loans already reviewed into underwriting.
- Review all new loans within 24 hours.
- Submit loans to underwriting prioritized in the following manner:
1. Purchases
2. Locked and appraisal in or locked and no appraisal needed
3. Locked and appraisal due
4. Appraisal in and not locked
5. Appraisal not in and not locked
- 3+ years mortgage loan processing; including VA/FHA loan processing
- Current and up to date with today's lending guidelines
- Highly knowledgeable in FNMA, FHLMC, VA, and FHA loan products
- Ability to calculate income without the use of spreadsheets---Ability to Manually Calculate All Income Sources (W2, SSI, Pension, Rental, Self Employment)
- Ability to manage pipeline of 30+ loans
- Experience using Encompass
- Must Be Detailed Oriented, Focused, Can Create Urgency, & Has Critical Problem-Solving Skills