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Title

Mortgage Verification Specialist 

Division Arvest  
Category Mortgage Company  
Location 4500 S Garnett  
Location OK, Tulsa  
Full-Time/Part-Time Full-Time  
Exempt/Non-Exempt Non-Exempt  
Grade 10 SSMET  
Accepting applications through January 14, 2015  
Details Position is Monday through Friday 8 am to 5 pm with the ability to work overtime as needed.  
Preferred Qualifications See Below  
 
Description

SUMMARY:  Under the direction of the assigned supervisor/manager the Mortgage Verification Specialist assists the Underwriters and Processors by obtaining documentation necessary to process a mortgage loan application.  The incumbent is responsible for reviewing loan files for completeness, verifying applicant and property data, and ordering verifications.  The Mortgage Verification Specialist handles a large volume of data and must perform all duties with a high degree of accuracy.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

  1. Review loan files submitted to Production Operations, ensuring hard stop requirements are met.
  2. Order and review flood certificates to determine flood risk.  Research map exhibits and online maps to identify additional structures subject to flood insurance requirements.
  3. Request Verification of Deposits/Assets to document assets required to be verified/funds for closing.
  4. Verify applicant employment via phone, email or fax.  Analyze income documentation.  Obtain written Verification of Employment (VOE) with income, if applicable.
  5. Review Desktop Underwriter (DU) Findings for consistency, including but not limited to loan amount, interest rate, term and income amount.  Understand the Approval Conditions for documenting employment, income, and assets.
  6. Order W-2 and Tax Transcripts per investor and lender insuring requirements.
  7. Review credit report for Collections, Disputed Accounts, Liens, Judgments and Past Due Accounts.  Order line items to verify accounts are either paid in full or current.
  8. Pull soft credit report and obtain credit supplement, if necessary.
  9. Verify applicant Social Security Number via third party provider.
  10. Request Case Numbers and CAIVRS for government loan files.
  11. Submit loans through DU.
  12. Follow up on all items ordered out within 48 hours from request.  Upload completed request upon receipt to the Loan Origination System (LOS).
  13. Communicate with Mortgage Lenders on preliminary conditions or issues involving their respective loan file.
  14. Update the Loan Origination System (LOS), as needed or directed.  Thoroughly document actions via the systems Conversation Log.
  15. Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.

TEAM ACCOUNTABILITIES:

  • Support and uphold the Arvest Mission Statement.
  • Uphold the Arvest Code of Ethics and ensure that confidential information is safeguarded.
  • Maintain a high level of cooperation and rapport with all associates in order to ensure accurate and efficient operations and service.
  • Formulate and communicate new ideas and suggestions that will improve profitability and efficiency for the company’s overall operation.
  • Promote professionalism at all times.
 
Position Requirements

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:

  • High school diploma or general education degree (GED) required.
  • 6 months previous banking and/or mortgage loan experience required.
  • Working knowledge of real estate regulatory requirements, including but not limited to RESPA, Reg Z, Truth in Lending Act, Fair Credit Report Act, Fair Lending, Reg B (ECOA), Reg C (HMDA), Flood Act and Interagency Appraisal and Evaluation Guidelines preferred.

OTHER SKILLS AND ABILITIES:

  • Must be able to arrive at work on time, work on site and have regular work attendance
  • Must be able to work cooperatively with other co-workers regardless of personality, presence or communication style
  • Must be able to provide cordial customer service regardless of customer personality, presence or communication style
  • Must be able to perform several tasks at once
  • Must be able to work in a stressful atmosphere
  • Must be able to rotate job tasks
  • Must be able to occasionally work overtime
  • Must be able to greet others cordially
  • Must be able to coordinate multiple and changing priorities
  • Must be able to verbally communicate with all other associates
  • Must be able to operate telephone, scanner, copier and FAX machines
  • Must be able to move from department, division, or bank to department, division or bank to attend meetings
  • Must be able to operate personal computer keyboard in order to create reports, schedules and other appropriate documentation

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

While performing the duties of this job, the associate is regularly required to stand, walk, sit, and to talk and hear.  The associate must occasionally reach with hands and arms; stoop, kneel, or crouch.

The associate may occasionally be required to lift or move up to 25 pounds.

Specific vision abilities required by this job include close, distance and color vision and the ability to adjust focus.

The incumbent must be able to travel occasionally by themselves within the US, including overnight, and via automobile and air.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

 
About the Organization Arvest Bank is a provider of financial services, our #1 focus is our customers. We are people helping people find financial solutions for life. That is our culture - that is who we are as an organization.









As an employer, our #1 focus is our associates. We offer competitive compensation, comprehensive benefits and an engaging work environment driven by the desire to serve our customers and communities.









With more than 230 locations in Arkansas, Oklahoma, Missouri and Kansas, we offer a variety of jobs. Whether you are looking for full-time or part-time employment, Arvest has the opportunity for you!









Arvest is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, age, sex, sexual orientation, gender identity, national origin, religion, disability status, protected veteran status or any other characteristic protected by law.









 
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, marital status, sex, sexual orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis, which now or in the future may be specified by law.  

This position is currently not accepting applications.

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