Mortgage Satisfaction Clerk - Valley National Bank
Wayne, NJ 07470
About the Job
Responsibilities include but are not limited to:
* Review payoff requests received from borrowers, attorneys, title companies or other representatives of the borrower. Ensure borrower has authorized the release of information.
* Process and prepare payoff statement in accordance with the written request and bank policy.
* Deliver payoff request to requesting party timely and in advance of the requested date.
* Verify funds received upon remittance of payoff funds. Secure necessary funds to satisfy the loan when funds are short.
* Review daily reports of loans paid in full and begin the preparation of the cancellation of the Mortgage or Deed of Trust in accordance with local, state or federal guidelines.
* Ensure loan is satisfied by reviewing history; verifying the principal balance is zero.
* Retrieve the Permanent and Collateral files from the File Room. Review files for appropriate documentation to cancel the banks lien against the mortgaged property in a timely manner and in compliance with regulations.
* Prepare cancellation documents for signature by authorized bank personnel and send to the respective County Clerks for cancellation.
* Return documents to borrower showing the loan has been paid in full and the lien has been cancelled of record.
* Prepare completed files for shipping to Archives
* Maintain full compliance with all Regulatory requirements and bank policies and procedures.
* Be able to lift and move boxes up to 20 pounds.
Required Skills:
* Ability to work independently and in a team environment.
* Working knowledge of MSI Servicing system.
* Thorough knowledge of Satisfaction requirements for local, state and federal
* Ability to effectively comprehend, analyze and explain all aspects of the request process.
* Ability to maintain accuracy with attention to detail and meeting deadlines.
* Ability to perform mathematical calculations and work accurately with numbers.
* Effective verbal and written communication skills.
* Effective computer skills.
* Ability to think independently and make appropriate decisions.
* Ability to perform multiple tasks through effective prioritization and time management, and demonstrate attention to details.
Required Experience:
* High School Diploma or GED and a minimum of three years' mortgage servicing related experience.
* Associate's Degree or some college preferred.
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
* Review payoff requests received from borrowers, attorneys, title companies or other representatives of the borrower. Ensure borrower has authorized the release of information.
* Process and prepare payoff statement in accordance with the written request and bank policy.
* Deliver payoff request to requesting party timely and in advance of the requested date.
* Verify funds received upon remittance of payoff funds. Secure necessary funds to satisfy the loan when funds are short.
* Review daily reports of loans paid in full and begin the preparation of the cancellation of the Mortgage or Deed of Trust in accordance with local, state or federal guidelines.
* Ensure loan is satisfied by reviewing history; verifying the principal balance is zero.
* Retrieve the Permanent and Collateral files from the File Room. Review files for appropriate documentation to cancel the banks lien against the mortgaged property in a timely manner and in compliance with regulations.
* Prepare cancellation documents for signature by authorized bank personnel and send to the respective County Clerks for cancellation.
* Return documents to borrower showing the loan has been paid in full and the lien has been cancelled of record.
* Prepare completed files for shipping to Archives
* Maintain full compliance with all Regulatory requirements and bank policies and procedures.
* Be able to lift and move boxes up to 20 pounds.
Required Skills:
* Ability to work independently and in a team environment.
* Working knowledge of MSI Servicing system.
* Thorough knowledge of Satisfaction requirements for local, state and federal
* Ability to effectively comprehend, analyze and explain all aspects of the request process.
* Ability to maintain accuracy with attention to detail and meeting deadlines.
* Ability to perform mathematical calculations and work accurately with numbers.
* Effective verbal and written communication skills.
* Effective computer skills.
* Ability to think independently and make appropriate decisions.
* Ability to perform multiple tasks through effective prioritization and time management, and demonstrate attention to details.
Required Experience:
* High School Diploma or GED and a minimum of three years' mortgage servicing related experience.
* Associate's Degree or some college preferred.
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
Source : Valley National Bank