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Lending Operations Specialist role at Knock, a company redefining the home buying and selling experience with the Knock Bridge Loan™. The role involves managing all aspects of the bridge loan cycle in a remote, fast-paced startup environment.
Job Responsibility:
Work in all aspects of the bridge loan cycle at Knock
Assist gathering required documentation to successfully submit the loan file for processing/underwriting and obtaining Initial Closing Disclosure signatures to meet on-time closings
Ensure minimum submission requirements and documents are met prior to submitting loans to processing
Understanding of TRID to compliantly issue initial disclosures and revised Loan Estimates, ICDs as well as compliance of APR requirements
Experience with condo approval requirements including requesting documents and reviewing documents to ensure all relevant questions are completed
Calculate Knock Bridge Loan advance amounts using internal calculations and guidelines
Accurately condition loan files based on the loan application and file documentation
Consistent communication internally providing loan status and approval updates
Effective and consistent communication with external Lending Partners, Agents, and Borrowers
Review title reports and homeowners/flood insurance to ensure Knock’s lien position and security interest
Prepare initial closing disclosures and balance with settlement and send electronically to the borrower(s)
Settle all closing issues timely, accurately, and always putting the customer experience first
Prepare and execute the transfer of lender funds for disbursement
Ensure loan closing is progressing while working lock step with a cross-functional team of Loan Assistants, Bridge Loan Specialists and Loan Officers
Prepare all loan documents for signature, verifying accuracy of the loan file (interest rate, property, sales price, loan amount, vesting, etc.), and ensuring the file has all completed documents prior to closing
Reconcile/enter/update loan level information to prepare closing documents, and confirm necessary loan file documents are present (title commitment, HOI, etc.)
Verify the closing disclosure meets all required federal and/or program guidelines
Ensure closings adhere to lock confirmation, loan approval, and program guidelines
Provide timely communications regarding closing status as appropriate
Enter information into Encompass, following up and communicating with customers, and obtain missing or updated documentation in order to process the mortgage loan file in a timely manner
Coordinate with settlement partners to ensure that data is uploaded from our LOS to their system accurately and timely to ensure closing dates are met
Audit signed closing documents to ensure complete and accurate package is received after closing and before funding
Efficiently and effectively manage and process a pipeline of loans daily while maintaining company turn times
Continually learn, grow, and expand your knowledge, while also supporting others' learning experiences
act as a mentor and be a resource for others inside and outside of your team
Take on ad-hoc projects as they arise & always be willing to support your team where they need you
Requirements:
A minimum of 3 years of recent closing experience with additional relevant mortgage experience in processing and/or underwriting preferred
Experience within the last 12 months in the residential loan mortgage industry, particularly handling cash out refinance transactions
Strong understanding of mortgage regulations from origination to post-closing
Recent experience managing and facilitating a large pipeline of loans, 50 to 60 per month
You have a keen attention to detail and check and double check your work
You are someone who is passionate about providing amazing customer service
You are an over-communicator with exceptional written and verbal communication skills
You’re highly organized and successful managing multiple competing priorities at once
You possess strong sense of urgency and track record of thriving in a fast-paced, growth startup environment
You are confident using new technology and familiar with lending management systems
You have proven success working 100% remote in prior positions & are experienced working with a distributed, national team
Location: Pacific–Central time zones
Education: High school diploma or equivalent
Set up and constantly operate a computer
Communicate and exchange accurate information to others via telephone or internet video applications
What we offer:
Top tier medical, dental, & vision benefits for full time employees starting on the first day of employment
Flexible Paid Time Off for full time employees
Paid parental leave for all full time employees
One thousand annually for professional development
Life, AD&D and Disability insurance for full time employees
401K (noncontributory by Knock) for all employees
$75 monthly allowance for health & wellness
Up to $400 monthly for a co-working space for eligible employees
$100 monthly allowance for home internet, mobile phone or other communication devices