Home > Term: mortgage clerk
mortgage clerk
A professional who performs any combination of following duties to process payments and maintain records of mortgage loans. Respnsibilities include:
- Types letters, forms, checks, and other documents used for collecting, disbursing, and recording mortgage principal, interest, and escrow account payments, using computer.
- Answers customer questions regarding mortgage account and corrects records, using computer.
- Examines documents such as deeds, assignments, and mortgages, to ensure compliance with escrow instructions, institution policy, and legal requirements.
- Records disbursement of funds to pay insurance and tax.
- Types notices to government, specifying changes to loan documents, such as discharge of mortgage.
- Orders property insurance policies to ensure protection against loss on mortgaged property.
- Enters data in computer to generate tax and insurance premium payment notices to customers.
- Reviews printouts of allocations for interest, principal, insurance, or tax payments to locate errors.
- Corrects errors, using computer.
- May call or write loan applicants to obtain information for bank official.
- May be designated according to type of work assigned as Escrow Clerk; Foreclosure Clerk; Insurance Clerk; Tax Clerk.
- Sõnaliik: noun
- Valdkond/domeen: Professional careers
- Category: Occupational titles
- Company: U.S. DOL
0
Looja
- Jason F
- 100% positive feedback
(United States of America)