About the Role
Coordinates mortgage insurance requirements across loan files, ensuring all policies are properly ordered, tracked, and maintained in compliance with investor and regulatory standards.
Responsibilities
- Verify mortgage insurance requirements for each loan based on loan program and investor guidelines
- Order mortgage insurance policies from approved providers within required timelines
- Monitor insurance submission and approval status for all applicable loans
- Communicate with underwriting and closing teams to resolve insurance-related issues
- Ensure accurate entry of mortgage insurance data into loan origination systems
- Track pending insurance clearances and follow up with insurers as needed
- Maintain compliance with agency-specific mortgage insurance rules including FHA, VA, and conventional programs
- Review loan files for proper insurance documentation prior to closing
- Respond to auditor and investor inquiries regarding mortgage insurance compliance
- Update loan files with revised insurance terms when loan conditions change
- Coordinate with third-party insurance vendors to resolve processing delays
- Escalate unresolved insurance issues to management for resolution
- Support internal and external audits by providing required insurance records
- Assist in the transition of insurance data during loan sale or transfer processes
- Stay current with changes in mortgage insurance regulations and guidelines
- Ensure accurate disclosure of mortgage insurance costs to borrowers
- Verify lender-paid or borrower-paid insurance structures are correctly applied
- Monitor for over-insurance or incorrect policy types
- Assist in training new staff on mortgage insurance procedures
- Maintain organized records of all insurance correspondence and certificates
Compensation
Competitive hourly wage based on experience
Work Arrangement
Hybrid work model with both remote and office presence
Team
Part of the loan operations team focused on efficiency and accuracy in mortgage processing
Why This Role Matters
This position plays a critical role in ensuring loans meet investor and regulatory standards for mortgage insurance, directly impacting loan eligibility and funding timelines.
Growth Opportunities
Team members can advance into senior coordination, quality assurance, or specialized compliance roles with demonstrated performance and additional training.
Not available for this position
