Mortgage Licensing Specialist - (US-MD-Linthicum - 21090)

Minimum Education: None
Jobcode: L:104540291
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Position:   Mortgage Licensing Specialist
  Supervisor:   General Counsel
  Starting Salary:   
Between the salary of $35,000 and $40,000 and commensurate with education & experience
  Department Summary:   
Legal and Compliance is involved in ensuring that all departments, processes, and procedures are legal and compliant. Legal and Compliance staff are familiar with licensing requirements, state and federal banking compliance laws, and have the contacts and resources to help prevent or resolve legal and compliance issues if they arise.
  Position Summary:   
The Mortgage Licensing Specialist will be responsible for the developing and managing a systematic management framework for all company, branch, LO, processor licensing and continuing education. In addition, s/he will be responsible for processing applications for and maintaining current licensing for every jurisdiction for certificates of authority, mortgage lending, brokering, and loan officers. The Mortgage Licensing Specialist will also be responsible for handling all types of licensing matters for all of NFM's branches and corporate headquarters. This individual must have strong organizational skills as well as actual hands-on past experience in managing Mortgage licenses.
  Essential Job Functions:   
Specific tasks will include, but are not limited to, the following: - Maintain a listing of all the requirements for each license.
- Manage all aspects of licensing projects.
- Respond quickly to corporate or branches regarding the requirements for approval.
- Follow submission, tracking each license application until it is approved.
- Inform applicable parties of application/license status.
- Maintain a calendar and managing license renewals.
- Efficiently obtaining licenses in new states or authorizations to expand operations.
- Handle all types of licensing matters, including:

- Lending, brokering, loan officer, processor (and possibly in the future, purchasing and servicing)
First and subordinate lien residential mortgage loans
Closed-end and open-end transactions
Conforming and subprime loans
Federal and quasi-federal approvals, including HUD/FHA , (and possibly in the future, VA, FannieMae,
FreddieMac, GinnieMae, and FmHA)
Changes of control and addresses
Trade name licensing
Branch and cross-branch licensing
Exemption reviews
Renewal and annual reporting
Regulatory agency and secretary of state audits to determine whether licensee maintains proper licensing and whether licensee remains in good standing
Experience, education, lease and bond requirements
Compilation of loan specifics and financial statements to be filed with licensing authority.
Registration of qualified individuals and/or loan officer licensing/registration
Continuing education requirements
Document management
Record retention requirements
Handling corporate and organizational matters for corporations, such as:
 Incorporation or organization
Drafting bylaws
Qualification to do business in foreign jurisdictions
Qualification renewals and annual reports
Trade name registration, with both state and local agencies, and renewals
Processing Lender, Correspondent Lender, and Warehouse Line Applications and Contracts
Renewals of bonds and insurance policies
Drafting of policies and procedures and training regarding license requirements.
Participating in special research projects, involving such issues as advertising, disclosure, or fee requirements
Summarize and provide status reports to senior management.

- Support the Legal and Compliance Team in order to lead the legal and compliance process in
  NFM Inc. and work effectively with other departmental staff and managers; - Be familiar with the regulations, objectives, and history for HUD/FHA, and state; - Integrate into a fast-paced, teamwork-focused work environment. Due to the heavy workload
  and multiple deadlines, Legal and Compliance staff interact and collaborate extensively; - In some situations the specialist may take a leading role on a project which may include
  researching relevant regulations, developing policies, and working with Branch Managers and
  other department heads. A supporting role may include preparing draft procedures, researching
  new regulations, and document production; - Analyze solicitations to advise managers and mortgage bankers how to best conceptualize the 
  licensing process and offer comments that assist the staff to fully incorporate compl