PRIVATE MORTGAGE LOAN PROCESSOR
The primary responsibilities of the Mortgage Loan Processor will be to document and process portfolio mortgage loans and provide support to Private Mortgage Bankers. The Mortgage Loan Processor will be expected to deliver a high level of customer service, be highly detailed oriented and prioritize work in a fast-paced environment.
Position Responsibilities:
Act as Servicing Liaison for Private Mortgage Banking Group.
Assist all Private Mortgage Banking Clients/Private Bankers.
Assist clients with ACH Auto-Draft Mortgage Payments and Changes - Monitor
and Track ACH from execution through First Successful Payment.
Facilitate Payoff Requests for Private Mortgage Bankers, Private Bankers and all
requested internal/external (mortgages & HELOC'S).
Assist clients with review, payments, year-end reporting for all types of loans
including privately held mortgages within the Comerica portfolio.
Assists clients with Principal Paydowns, Recasts and Overnight Payment Requests
(Provide Wiring Instructions when Requested).
Works directly with PHH Servicing to resolve detailed servicing matters.
Engagement in scheduled roundtable calls with PHH Servicing Managers &
Comerica PHH Liaisons.
Organize Pipeline Logs for Private Mortgage Bankers to distribute to CMA Management.
Reviews Pipeline and Engages with Private Mortgage Bankers to assist with loan processes and efficiencies.
Distribute daily mortgage rates and Manage Distribution.
Organize Loan Application Packages for Private Mortgage Banker in Virtual Folders.
Tracks and manages appraisal requests, disclosures, flood zones, title packages, survey and homeowner's insurance.
Orders and Tracks Receipt of Title Packages; Reviews packages and Title Commitments for Title Requirements (Payoffs/Liens/Vesting, etc. - understand Title Commitments/Preliminary Reports).
Delivery of Received Appraisals to Private Mortgage Bankers; reviews appraisals preliminary values, flood zone, and other details on Appraisal; Tracks Appraisals through CMA Approval Process.
Monitors outstanding Mortgage Approval Stipulations needed for Clear to Close.
Closing Documentation Management
Provide Post Closing Organization of Documentation to Private Mortgage Banker.
ACH set-up and tracking through PHH Servicing.
Monitor Homeowner's Insurance Receipt by PHH Servicing.
Assist with special projects and perform additional duties as requested.
Other duties as assigned.
Position Qualifications:
High School Diploma/GED
3 years of relevant banking experience and knowledge of general loan documentation, policies in mortgage lending and processes
Work Best Category: Category B - 3-4 days in office on designated days/1-2 days remote
Hours: 9:00am - 6:00pm Monday - Friday
Salary: To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - disability/veteran.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
