Mortgage Insurance Coordinator

Company: loanDepot
Location: Lake Forest
Posted on: November 20, 2020

Job Description:

loanDepot, America's lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their lives. While there are many loan-touch career opportunities within loanDepot, we could not take care of our employees, nor our customers, without the amazing support of our corporate teams. From HR & Marketing to Finance & Compliance, #TeamloanDepot is always searching for the best talent out there. With over $100 billion in funded loans since inception, the evolution & enthusiasm is not slowing down anytime soon. Come join us!loanDepot - We are America's Lender. Position Summary:Responsible for managing Mortgage Insurance (MI) certifications, following up with MI companies, assuring that MI was properly ordered, activated and released. Reconciles insurance premium payments once MI certification is activated on the loan and coordinates payments to MI companies, as required. Works directly with Underwriting to resolve any MI payment discrepancies. Ensures the performance of all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates. Responsibilities:

• Activates BPMI for each MI company on individual websites.
• Works with accounting to get LPMI paid by wire to each MI company.
• Confirms MI companies received wires.
• Activates all HARP MI loans on MI websites regardless of BPMI/LPMI.
• Cancels MI certifications for loans that cancelled with loanDepot.
• Follows up with all MI companies to insure certifications have been activated for LPMI and BPMI.
• Works with Cenlar to insure activation on MI certifications that are in their names.
• Performs other duties and projects as assigned. Requirements:
  • High School Diploma or equivalent required and a minimum of two (2) years' experience working in a similar field.The Perks:
    • Competitive compensation reliant on ability & experience.
    • Excellent benefits package including multiple health, dental & vision options.
    • Company paid life and AD&D Insurance, as well as additional voluntary benefit possibilities.
    • 401K with robust company match.
    • 15+ PTO days in addition to 8 paid company holidays.
    • The opportunity to work for America's Lender under the vision of industry legend, Anthony Hsieh.We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.PM17 PI125410794

Keywords: loanDepot, Lake Forest , Mortgage Insurance Coordinator, Other , Lake Forest, California