NMSI INC
2975 Wilshire Blvd. 6th Floor, Los Angeles, CA 90010
Full-time
About Us:
NMSI Inc. is a wholesale mortgage company with an excellent opportunity for self-motivated individuals. We offer one of the most competitive Agency pricing structures and Portfolio programs in the mortgage industry. We are dedicated to providing our employees with the tools they need to succeed in this rapidly changing industry.
We cherish our company's agility and atmosphere, while benefiting from the strength of a large organization. This focus is evident every day, whether through our advanced proprietary technology systems or our friendly smiles and Never Say Quit attitude.
Open Positions:
* Senior Level Corporate Accountant
Salary: 100K - 120K
Job Responsibilities:
• Supervise and manage the accounts payable, accounts receivable, cash receipts, and payroll process.
• Prepare financial reports including monthly cash flows, balance sheet, and P&L for review and annual filing, including 1099s.
• Working on monthly accounting reports, providing resolution between operational departments and the accounting team.
• Performs house bank audits at least monthly or more often if required. Investigate and report any discrepancies to management.
• Examine tax policies and handle tax payments and returns.
• Meet with clients to discuss confidential accounting issues.
• Post transactions and categorize records in the general ledger (e.g. by assets, liabilities, and expenses).
• Analyze transactions with internal and external stakeholders.
• Conduct month-end and year-end closures.
• Managing and preparing documents for audits.
• Ability to analyze financial data, identify trends, and provide meaningful insights for decision-making.
• Demonstrated proficiency in financial accounting principles and practices.
Preferred Qualifications:
• Bilingual (Korean, Mandarin, and Spanish are a plus).
• Demonstrated proficiency in financial accounting principles and practices.
• Excellent organizational skills and attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Strong analytical and problem-solving skills.
• Background in loan servicing or loan processing is preferred but not required.
• Ability to act with integrity, professionalism, and confidentiality.
• Outstanding people skills and team player.
Required Skills/Abilities:
• Solid experience in maintaining accurate and up-to-date financial records and ledgers.
• Processes applications, policies, endorsements, binders, certificates, audit requests, and other items related to the servicing of clients.
• Proficient in using accounting software (e.g., Quickbooks, SAP, or similar) and MS Excel for financial analysis.
• Strong attention to detail to ensure accuracy in financial reporting and compliance.
Education and Experience:
• Bachelor's degree in a related field required.
• At least five years of accounting, financial, or loan processing experience preferred.
* Appraisal Coordinator
Job Description:
The Appraisal Department is responsible for managing appraisal documents, including but not limited to receiving and uploading. An appraisal coordinator is an essential position in the mortgage industry, as appraisal reports and appraisal-related documents are required for most of the files regardless of the program types. On the surface, it may seem that an appraisal coordinator's responsibility is simply to manage appraisal documents, but at its core, an appraisal coordinator will not only enhance analytical/critical thinking skills through dealing with clients and reports, but also will be able to absorb a broader spectrum of the whole mortgage industry.
Job Responsibilities:
• Intakes all residential appraisal requests and places the appraisal orders using the list of approved appraisal vendors.
• Manages vendor lists on a regular basis, including procurement of updated licensing, insurance, and a review of pricing and performance. Recommends replacing appraisal vendors who do not meet requirements and standards, and vets potential new vendors as needed.
• Regularly communicates with mortgage brokers and correspondents on vendor appraisal status and answers any questions regarding residential appraisals.
• Review and pre-screen the appraisal reports.
The ideal candidates will possess:
• Bi-lingual (Korean is preferable).
• Good written and verbal communication skills.
• Outstanding people skills and team player.
• Flexibility and multi-tasking ability.
• Ability to handle a fast-paced working environment.
• We prefer applicants who have appraisal licenses or a similar work history. Applicants with appraisal licenses will be given a higher base pay.
Salary: $42K - $60K
*Loan Documentation Specialist
Job Description:
This position is to collect and prepare documents for closing a loan, coordinate the process, review papers to check for errors after closing, and when necessary, take action to correct those errors.
Job Responsibilities:
• Preparing or assisting with loan documentation.
• Review loan application package for completeness and accuracy, possible fraud and/or inconsistencies.
• Ensures properly executed loan documentation in conformance with legal, regulatory, and bank policy standards.
• Ensures complete and accurate file submissions for processing.
• Communicate effectively with Mortgage Bankers and In-House Processing, Underwriting, Closing, and Post-Closing teams.
• Maintain strong knowledge of State/Federal regulations to maintain loan file compliance.
• Verifies and analyzes loan documentation including income, credit, appraisal, and title, while ensuring compliance with established standards and regulatory compliance requirements.
• Identifies and resolves discrepancies in files.
• Responsible for the delivery and communication of complete and accurate files to Underwriting and coordinates with Appraisal Review.
• Ensures satisfactory completion of conditions for approval to close.
• Monitor the status of loans in the pipeline on a regular basis to guarantee timely funding.
• Comply with company policies and procedures, regulatory requirements, and investor guidelines.
Required Skills/Abilities:
• Excellent verbal and written communication skills.
• Excellent organizational skills and attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Strong analytical and problem-solving skills.
• Ability to act with integrity, professionalism, and confidentiality.
• Proficient with Microsoft Office Suite or related software.
• Outstanding people skills and team player.
Preferred Experience and Qualifications:
• Speaking multiple languages is a plus (Korean, Mandarin, and Spanish).
• The candidates' experience & references should be verifiable.
Job Type: Full-time
Schedule:
Monday through Friday (9 AM - 6 PM)
Salary: $45K - $55K
* Entry-level Loan Servicing Specialist
Job Description:
This position will report to the Loan Servicing Supervisor while working closely with team members to provide top-level customer service to our borrowers, loan officers, and investors. The team is responsible for interim servicing of the loans monthly until the loans are transferred to investors (servicing released) or to our sub-servicers (servicing retained). Must have a broad understanding of Mortgage Banking, investor guidelines, and regulatory compliance issues involved.
Job Responsibilities:
• Maintain the loan database and process loan boarding
• Follow up on due dates for taxes, hazard insurance renewals, mortgage insurance, and check up on investor's conditions
• Manage loan servicing that includes payments, reserve accounts, taxes, and insurance
• Respond to borrowers' inquiries and correspondence utilizing fax, phone, email, and mail
• Address issues related to borrower accounts, and mitigate consumer complaints and disputes
• Cooperate with the post-funders for clearing investors' conditions/issues in all areas of loan servicing
• Analyze escrow disbursements and manage proper escrow levels
Required Skills/Abilities:
• Excellent verbal and written communication skills
• Excellent organizational skills and attention to detail
• Excellent time management skills with a proven ability to meet deadlines
• Strong analytical and problem-solving skills
• Ability to act with integrity, professionalism, and confidentiality
• Proficient with Microsoft Office Suite or related software
• Outstanding people skills and team player
Education and Experience:
• Bachelor’s degree in a related field required.
• At least one year of customer service experience preferred.
Preferred Qualifications:
• Speaking multiple languages is a plus (Preferably Chinese/Mandarin, Korean, Spanish)
• The candidates' experiences & references should be verifiable
Salary : 45K - 50K
* Loan Compliance (대출 준수 담당 직책은 NMSI가 아닌 저희 자매 회사인 In Motion Mortgage에 속해 있음을 알려드립니다. 다만, 근무 장소는 동일한 건물 내에 있을 것입니다.)
Job Responsibilities:
• Receives loan application submissions from wholesale brokers either by electronic data file or hard copy file.
• Enter or verifies information into loan origination system.
• Reviews and audits loan documentation to ensure accuracy.
• Indexing documents.
• Maintain a high level of customer service to all internal and external customers.
• Maintains confidential information concerning loan applicants.
• Assists departmental support staff when necessary.
• Perform other duties as assigned.
Preferred Qualifications:
• Office admin experience.
• Good written and verbal communication skills.
• Outstanding people skills and team player.
• Flexibility and multi-tasking ability.
• Ability to handle a fast-paced working environment.
Salary: $43K - $45K
*DE Underwriter
Responsibilities of DE Underwriter:
The DE Underwriter's primary responsibility is to review and analyze applications for residential mortgage loans (government and conventional). The Mortgage Underwriter will be responsible for reviewing third-party reports such as credit reports and appraisals, reviewing and calculating income, reviewing asset documentation, following up on outstanding loan conditions, clearing files to close, and ensuring compliance with all applicable lending regulations.
The Underwriter will also be responsible for the review of conforming and non-conforming mortgages as well as equity loan applications to determine compliance with applicable state and federal regulations, investor guidelines, and credit union standards. Review and analyze submitted loans for capacity, capital, character, and condition while upholding fair lending practices. This includes ensuring that loan requests meet program and product specifications or counteroffer to a product and/or program when appropriate. Communicate decisions (approval, counteroffer, suspense, denial) to applicable individuals within the department. Manage application turn time by executing credit decisions according to the measurement set by the department manager; meet targets. Support Underwriters, Processors, and Home Loan Advisers as needed with scenarios and loan structuring.
Essential Job Functions:
• Underwrite loan files received daily according to Federal Housing Administration (FHA), agency, investor, and credit union policy, and procedures.
• Originate and validate FHA-insured loans utilizing the U.S. Department of Housing and Urban Development's (HUD) direct online system, FHA Connection.
• Review and sign off underwriting conditions in accordance with credit union policy while maintaining established turn times.
• Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
• Current knowledge of FHA, secondary market requirements regarding credit, income, disclosure, and property that would also include, hands-on experience using various agency-related internet and computer-based systems as necessary/required.
• Ability to analyze tax returns, credit and appraisal reports, fraud detection, and other property or income-related reports and documentation to ensure that information meets agency, investors, and credit union requirements.
• Organize and prioritize daily workload to ensure compliance with credit union policy, procedures, and established turnaround times.
• Communicate and interact with all pertinent vendors, services, agencies, investors, staff, brokers, and members.
• Maintain a current working knowledge of the mortgage industry and credit union standards and trends.
• Monitor and resolve any quality control or insuring issues on relevant files in a timely manner to prevent delays.
• Work with management to implement procedures to prioritize work within the underwriting and processing area as volume dictates.
• Ability to work closely with origination and operations staff to ensure compliance with guidelines and policies of credit union and agency.
Education & Qualifications:
• 3 - 5 years of experience as an Underwriter and complete knowledge of the mortgage business.
• Bachelor's degree preferred or equivalent work experience.
• Experience with FHA/VA/Agency loans.
• Direct Endorsement (DE) required.
• Strong analytical skills, especially in credit and risk, along with decision-making skills.
• Effective interpersonal skills and technical report writing skills.
• Attention to detail.
Experience:
• Mortgage Underwriting: 3 years (Preferred)
Job Type: Full-time
Schedule:
Monday through Friday (9 AM - 6 PM)
Salary: $85K - $100K
Benefits:
• Competitive salary plus commission structure.
• Health and dental insurance.
• 401(k) retirement plan.
