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Contract Mortgage File Reviewer Jobs in Indiana (NOW HIRING)

German American

Mortgage Operations Processor

Jasper, IN · On-site

$35K - $49K/yr

Day in the Life - Every day you'll help ensure a smooth and efficient mortgage process by reviewing new loan files for completeness, gathering and organizing required documentation, and preparing ...

German American

Mortgage Operations Processor

Evansville, IN · On-site

$38K - $52K/yr

Day in the Life - Every day you'll help ensure a smooth and efficient mortgage process by reviewing new loan files for completeness, gathering and organizing required documentation, and preparing ...

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All JobsContract Mortgage File Reviewer JobsContract Mortgage File Reviewer Jobs in Indiana

Contract Mortgage File Reviewer information

What is a contract mortgage file reviewer?

Contract Mortgage File Reviewers are professionals hired on a contract basis to examine and verify mortgage loan files for accuracy, completeness, and compliance with regulatory guidelines. They review documentation such as loan applications, credit reports, income statements, and closing documents to ensure all required information is present and meets lending standards. Their work helps lenders and financial institutions minimize risk, maintain regulatory compliance, and ensure the quality of their loan portfolios.

What are the key skills and qualifications needed to thrive as a contract mortgage file reviewer?

To thrive as a Contract Mortgage File Reviewer, you need thorough knowledge of mortgage compliance, loan documentation, and underwriting guidelines, often backed by experience in mortgage processing or a related field. Familiarity with loan origination systems (LOS), document management software, and regulatory compliance tools is typically required. Strong attention to detail, analytical thinking, and effective communication are essential soft skills for success in this role. These skills and qualifications ensure accurate review processes, minimize errors, and help maintain compliance with industry regulations.

What are the main challenges a contract mortgage file reviewer faces when working with multiple lenders or clients?

As a Contract Mortgage File Reviewer, one of the main challenges is adapting to the varying documentation standards, checklists, and compliance requirements of different lenders or clients. Each organization may have unique processes, timelines, and expectations, requiring strong attention to detail and flexibility. Additionally, managing workflow efficiently while ensuring accuracy and completeness in each file is essential, as mistakes can lead to delays or regulatory issues. Good communication and organizational skills are crucial for success in this dynamic, often remote or hybrid work environment.

What is the difference between Contract Mortgage File Reviewer vs Mortgage Underwriter?

AspectContract Mortgage File ReviewerMortgage Underwriter
CredentialsTypically requires a high school diploma or equivalent; some roles prefer certifications like MLO or mortgage processing coursesRequires mortgage licensing, certifications such as MLO, and often a bachelor’s degree in finance or related field
Work EnvironmentMostly office-based, reviewing mortgage files remotely or on-siteOffice setting, often working closely with loan officers and underwriters
Industry UsageCommonly employed by mortgage lenders, banks, and loan processing companiesPrimarily employed by banks, mortgage companies, and lending institutions

The Contract Mortgage File Reviewer primarily focuses on reviewing mortgage documents for completeness and accuracy, often with less decision-making authority. In contrast, a Mortgage Underwriter evaluates the risk and approves or denies loan applications. Both roles require familiarity with mortgage regulations and documentation, but underwriters typically have more advanced credentials and decision-making responsibilities.

What cities in Indiana are hiring for Contract Mortgage File Reviewer jobs?

Cities in Indiana with the most Contract Mortgage File Reviewer job openings:

Contract Mortgage File Reviewer jobs near you

Mortgage Processing Specialist

Civista Bank

Lawrenceburg, IN • On-site

Full-time

Re-posted 2 days ago

Civista Bank rating

8.3

Company rating: 8.3 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

47th of 171 rated banks

Job description

Description

Position Purpose:

The Mortgage Processing Specialist is responsible for gathering and processing all documents necessary to satisfy underwriting requirements. This role works closely with the borrower, mortgage loan officers, and underwriters to ensure an exceptional home buying experience. Demonstrates Civista Bank's mission to improve the financial lives of our employees and shareholders to make a difference in the communities that we serve.


Key Accountabilities, Responsibilities, and Expectations:

  • Review application files to verify data is complete and meets established requirements.
  • Collaborate with third party vendors to ensure timely ordering of any necessary documentation and services.
  • Manage complex loan pipeline to ensure workflow is appropriately prioritized and milestone service levels are met.
  • Perform as the main point of contact with borrowers during the processing of the mortgage loan application. Requesting documentation and information for the loan file while providing an exceptional Customer experience.
  • Collaborate with underwriters and MLOs to obtain and confirm borrower information. Submit complete loan file to underwriting for loan approval.
  • Navigation of customer relationship software, loan operating systems, and third-party websites in order to obtain necessary documentation and information.
  • All other duties as assigned and any activities that support the key accountabilities.


Requirements

Qualifications, Knowledge, and Skills:

  • Minimum two years of experience in the mortgage loan industry.
  • Encompass Software System experience preferred.
  • Strong knowledge of banking industry practices relative to bank loan operations with respect to mortgage loan products, services, policies, and procedures.
  • Must have strong computer skills and proficiency with loan industry software, in addition to a working knowledge of Microsoft Office Suite.
  • A high level of initiative, thoroughness, and accuracy required.
  • Solid communication and organizational skills with focus on teamwork.
  • Ability to work under deadlines with frequent interruption; ability to balance multiple projects/activities with varying deadlines.
  • High level of confidentiality required.


Physical Requirements:

  • Work involves eye strain due to the constant use of computer screens, reading of reports, and filing.
  • Work involves sitting, standing, moving, lifting, reading, writing, speaking, communicating.
  • Work involves the ability to concentrate on the matter at hand, under sometimes distracting work conditions.
  • Work involves lifting and moving loan files of up to 30 lbs.


EOE - Race/Sex/Disability/Veteran


This Position Description is not a complete statement of all duties and responsibilities comprising this position.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this position at any time.




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