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!
Base Hourly rate of $23-$25 and bonus per file of $40-$50.
Experienced Loan Production Analysts can earn between $70,000-$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
Mutual of Omaha Mortgage is an Equal Opportunity Employer, and we encourage diverse, talented, qualified applicants to apply. We offer an extensive compensation package. Benefits include:
- Vacation — Vacation hours accrue on a per pay period basis. Balance maximums are based on years of service.
- Paid Sick Time — 40 hours of paid sick time after 90 days of employment. State sick time requirements will be added as needed.
- 9 Paid Holidays + 1 Cultural Celebration Day (Floating Holiday)
- Multiple PPO Medical Plans, as well as HDHP eligible plan.
- Dental Coverage
- Vision Coverage
- Company Paid Life Insurance
- 401K with a generous employer match
- Additional Benefits including – Optional Life, FSA, Pet Insurance etc.
- Free Legal Services
- Employee Loan Program