Job Description
- All Government Loan Specialists must be familiar with both FHA and VA submission requirements.
- Responsible for audit process on entire loan, which includes credit and collateral documents.
- Build loan in accordance with government agency requirements. This process requires that the Specialist is fully knowledgeable of the particular agency requirements and all process changes as the Department of Housing and Urban Development and the Department of Veterans Affairs publish them.
- Update Government Insuring Applications to reflect that status of the loan and document deficiencies identified. This requires the entry of all exceptions, dates and curative efforts.
- Follow-up must be completed on each loan to ensure that the loan will be submitted within 60 days from funding.
- FHA specialists to complete all data input of key loan information into the FHA automated system – FHA Connection.
- VA specialists must review the VA Summary sheet to ensure all information contained is accurate and complete as this document is crucial to the insurance of the loan. Specialists are also responsible to enter data from the loan summary sheet into VA’s Weblgy application.
- Upon completion of audit, electronic case binders are saved to Encompass.
- FHA specialist must utilize Government Insuring application in conjunction with FHA Connection to determine if loans have been insured. Follow-up loans submitted more than one week must be initiated.
- VA specialist must follow up on any VA loan with a submission date of over one week where the Loan Guaranty Certificate (LGC) has not been received. If the loan required manual submission to VA, follow-up is completed in 3 weeks. Contact with the appropriate VA Regional office must be initiated.
- Specialist must respond immediately to any notification that loan has errors/submissions and will not be insured as is by HUD or VA. All Notice of Rejections (NORs) from HUD or letters from the VA are to be addressed and errors/omissions corrected and package resubmitted within 10 days of receipt.
- Follow-up on all delinquent loans must be done on a consistent basis in order to submit the loan immediately when payments become current.
- VA Specialist must provide audit packages to the requesting VA Regional Office within 1 day of request.
COMPENSATION
Company Description
Proven Mortgage is a rapidly growing national consumer direct mortgage lender focused on helping borrower’s access loan programs to improve their financial health and realize the dream of home ownership. We have a core competence in serving our nations Veteran’s with VA loans and helping borrowers in challenging credit situations access the FHA loan program. We have an experienced team of industry veterans and newcomers who bring new ideas to help us better serve our borrowers. We are proud to make Service, Excellence, Accountability and Teamwork a priority at Proven Mortgage and have fun doing it!!