Loan Assistant - Dominion Financial Services

Job Description: 
Dominion Financial Services (DFS) is a mortgage originator for single family real estate. DFS originates two main loan products – a short term bridge loan for fix & flip investors, and a long-term rental loan for landlords growing their rental portfolios. DFS is thriving in the current competitive environment and shows aggressive quarterly growth. Our current origination volume is $70MM per month. DFS is looking for a detail-oriented Loan Administrator to join our growing team. 

Our Company's Core Values:
•    Integrity
•    Accountable & Dependable
•    Team Centric
•    System & Process Oriented
•    Service Ethic
•    Organized Efficiency - risk management & compliance

Responsibilities: 
•    Maintain accurate and up-to-date records of all loans, ensuring completeness and compliance with regulatory requirements.
•    Calculate and issue loan payoffs in a timely manner upon request from borrowers.
•    Generate recurring notices across all product lines including, but not limited to, billing statements, maturity notices etc. 
•    Prepare Verification of Mortgage (VOM) documents for borrowers as needed.
•    Generate and distribute IRS Form 1098 for borrowers to report mortgage interest information annually.
•    Assist in the preparation and verification of loan documentation, ensuring accuracy and compliance with company policies and regulations.
•    Perform data entry tasks to update loan details, changes, and other relevant information into the company's database. (Salesforce)
•    Provide excellent customer service by addressing interna and external l inquiries related to loan details, payments, and documentation.
•    Conduct periodic audits of loan files to ensure data integrity and regulatory compliance.
•    Collaborate with other departments such as underwriting, loan origination, and accounting to streamline loan processing and resolve any issues.
•    Stay informed about relevant lending regulations and ensure that all loan-related activities comply with federal, state, and company-specific guidelines.
•    General payment processing and reconciliation.
•    Update monthly status reports to the company’s partners.
•    Cross-train with bookkeepers to provide additional help when the workload is high, or someone is out of the office.
•    Daily reconciliations
•    Documenting of deposits, new loans, paid off loans, AR/AP and loan transfers in QuickBooks and Excel
•    Generate required reports for loan purchasers upon sale of loan(s)

Requirements:
•    High School diploma or GED required. Two-year degree in business, finance or related field preferred.
•    Minimum 5 years of commercial and/or construction loan servicing, loan documentation or related job experience in the financial industry.
•    Proficient in MS Office particularly MS Excel and MS Word.
•    Must possess excellent analytical and problem-solving skills, be detailed oriented with a commitment to a high level of data integrity and accuracy.
•    Knowledge of General Ledger balancing and common banking transactions.

Benefits: 
•    Health insurance 
•    Dental insurance
•    Vision insurance
•    401(k)
•    401(k) matching
•    Profit sharing program 
•    Paid time off
•    Employee discount program

While At Dominion You Will Enjoy:
•    Company outings & social events 
•    Virtual events 

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