Mortgage Post Closer I

Pre-employment background checks, such as criminal reports, credit reports, and drug tests, will be required. Job offers are contingent on successfully completing all pre-employment background screenings.

Hiring Range: Minimum $ 19.75 Mid$ 23.24 per hour. 

 Essential Duties and Responsibilities :

• Responsible for selling and cross-selling Credit Union services to current and potential members. Credit Union services are to be promoted using the “member benefit-based approach”.
• Fully comply with the requirements of all Credit Union policies, including but not limited to, the Bank Secrecy Act, the Patriot Act and OFAC Policies.
• Provide files for post funding control reviews, as required by secondary market guidelines, and as a compliant measure for detecting inconsistencies/deficiencies among loan files.
• Review closed loan files to ensure all closing and initial documents are present, correct and comply with Credit Union policies and meet all secondary, FHLB, and government guidelines, as applicable.
• Process, preparation and shipment of secondary market loans to investor for purchase/funding.
• Clear and upload all funding/post-closing conditions, in-house or mandated by Investor or FHLB, on a timeline to avoid cure fees charged.
• Process loans, once purchased, sending appropriate notifications to parties involved.
• Register, track, and transfer the servicing of investor loans in MERS.
• Work closely with attorneys and other mortgage personnel to resolve any post-closing issues.
• Able to track closed loan packages from attorneys, performing necessary tasks to aid in efficient and timely post-closing/shipping.
• Pay VA/FHA Fees, reconcile accounts, order VA Guaranty Certificates & FHA Insurance and submit FHA files to HOC for endorsement, all while ensuring that files meet all secondary and government guidelines.
• Ship loan documents to FHLB making sure all items comply with FHLB requirements.
• Ship loans to Mortgage Insurance Companies for MI Approval and Insurance/Quality Control.
• Track recorded mortgages and final title policies, forwarding to investors when required.
• May be assigned other tasks by appropriate line supervision.

Supervisory Responsibilities:

There are no supervisory responsibilities with this position.

Other Skills:

• Excellent communications skills.
• Ability to work with others in a courteous, effective, and efficient manner.
• Ability to input data accurately and efficiently into computer software systems.
• Ability to exchange information, report facts/technical information clearly and concisely.
• Ability to attend accurately to many details in a timely manner.
• Ability to comprehend the consequences of various problem situations and to refer them to the appropriate people for resolution.
• Ability to resolve questions and problems with the supervisor and to manage personal workflow and meet deadlines.

Computer Skills:

To perform this job successfully, an individual should have knowledge of Microsoft Office software including Windows, Word, Excel, Outlook Email /Calendar, and Internet Explorer software. Experience with Encompass system preferred.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Regularly required to stand; use hands to finger, touch or feel and reach with hands and arms. Frequently required to walk, stand, stoop, kneel, crouch or crawl. Occasionally required to sit, climb, and balance. Frequently required to lift and/or move up to ten pounds and occasionally lift/or move up to twenty-five pounds. Regularly required to listen and interpret information received through spoken words and sentences in person and by the phone and accessed via the computer. Regularly required to communicate information and ideas so others will understand both in person, on the phone and via the computer. Vision requirements include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Salary : $23