Loan Documentation Specialist (Opener) - Residential na Bank with BOS

Loan Documentation Specialist (Opener) - Residential

 Position Summary:

Responsible for initiating the mortgage loan file process by collecting, reviewing, and preparing the initial documentation required for loan processing. This role ensures all required disclosures and documentation are accurately and timely generated in compliance with regulatory and internal requirements. The opener serves as a key point of contact for internal teams to ensure files are set up correctly and efficiently from the outset.

 Essential Duties and Responsibilities:

• Open and prepare new mortgage loan files in the loan origination system (LOS).
• Review initial loan applications and supporting documents for completeness and accuracy.
• Order and follow up on third-party services, including credit reports, verifications of employment, title work, appraisals, and flood certifications.
• Prepare and send initial disclosures, as well as any other required disclosures, in accordance with TRID and other regulatory guidelines.
• Confirm proper documentation is included for all borrowers, co-borrowers, and property types.
• Maintain accurate and organized electronic loan files to ensure timely processing.
• Communicate with loan officers, processors, and underwriters to resolve missing or incomplete information.
• Track and monitor receipt of documentation and escalate issues as needed to maintain workflow efficiency.
• Stay current on lending regulations, compliance updates, and internal procedures.

 Qualifications:

• Bachelor’s degree or comparable work experience required.
• 1–2 years of experience in mortgage lending, banking, or loan documentation preferred.
• Knowledge of banking regulations, mortgage loan documentation and TRID compliance a plus; Proficiency with loan origination systems (LOS) and document imaging software preferred.
• Must be detail oriented, possess strong organizational skills and be able to handle high volume workloads. 
• Must be able to work independently, while also being team-oriented with a customer service mindset
• Strong working knowledge of Microsoft Office Products is preferred
• Ability to work in a fast-paced, deadline-driven environment
• Excellent verbal and written communication skills required

Benefits May Include the Following:

https://www.bankwithbos.com/careers/

Salary Range:

The salary range for this position is $38,000.00 - $45,000.00/year, depending on experience and qualifications. In addition to the base salary, compensation may include bonuses, benefits, and other incentives.