Loan Administrator for Special Products

Company: Dovenmuehle Mortgage, Inc. ( Learn More )

General Information
US-IL-Lake Zurich
High School
At least 2 year(s)
Job Description

Handle all aspects of various loans, including, but not limited to, adjustable rate to fix rate conversions, assumptions, modifications, reverse mortgages, timely payment rewards, balloon reset mortgages, partial releases, sub-ordinations, buy-down loans and name changes to ensure they are accurately set up and serviced according to client, agency, and investor guidelines and in a timely manner.


  • Prepare reports and reconcile GL accounts. Communicate orally and in writing with borrowers, vendors and clients.
  • Enhance written procedures, as applicable.
  • Responsible for reviewing and preparing documentation
  • Correspond with investor/client to determine new payment factors
  • Coordinate material with investor/client to obtain approval for conversions, transfers and modifications.
  • Input and verify changes to the MSP system for various products.
  • Correspond with homeowners.
  • Correspond with outside vendors to obtain needed documentation.
  • Present a positive and professional demeanor at all times.
  • Maintain and increase knowledge, as applicable of current practices, procedures and policies.
  • Help maintain proper accounting of GL accounts.
  • Participate in department audit program.
  • Maintain performance standards.
  • Support management in defining and developing procedures for new products.
  • Performs all other responsibilities and duties deemed necessary including, but not limited to, adjustable rate mortgages, daily simple interest, interest only loans, ELOC’S, construction loans.
  • Job Requirements
    • One or more year's of mortgage or banking experience
    • Basic knowledge of Microsoft Office Suite – Excel, Outlook
    • Analytical and problem solving skills
    • MSP/LPS/Black Knight knowledge is a plus.
    • Critical thinking, strong verbal and written communication skills
    • Mathematical computation and reasoning skills, Interpersonal skills, High level of organization, Work with minimal supervision
    • Able to respond quickly to changes in priorities and tasks
    • Work well independently and with a team
    • Keen attention to detail
    • Strong technical reading comprehension