Home Loan Senior Post Closer
hace 3 días
Sacramento
The function of this position is to review closed loan files for documentation accuracy; and ensure closed loans are properly setup and shipped to Investors, Agencies, GSEs and/or sub-servicer for either loan purchase, insuring or servicing on a timely basis to meet commitment expiration or file delivery deadlines. In addition, ensure that loan files are purchased timely and accurately. • Complete post closing tasks: Assign sub-servicer loan numbers to funded 1st mortgage loans, complete MERs registration on funded 1st mortgage loans, link mortgage loans in Teller navigator to member's accounts for on-line viewing and access, complete MI documentation to setup Mortgage Insurance., • Obtain final Settlement Statement from Escrow. Review final Closing Disclosures, make corrections as needed and issue Post Consummation Closing Disclosure if corrections are made., • Review the e-folder in Encompass on recently closed loans to ensure that all required documents for the Investors, Agencies, GSEs and/or sub-servicer are contained in the e-folder and filed under the appropriate placeholder. Ensure required documents are complete and original note/riders and all trailing documents are obtained and stored in fireproof filing cabinet. Shred remaining paper loan documents., • Upload electronic files and send physical collateral packages to Investors, Agencies, GSEs and/or sub-servicer on recently closed loans for either loan purchase, insuring or servicing on a timely basis to meet commitment expiration or file delivery deadlines., • Upload loan data via GSE loan delivery portals for loan purchase on a timely basis to meet loan delivery requirements and deadlines., • Send required documents and/or request shipment of required documents, including the note, to the applicable Document Custodian (GSE, Agency or Golden 1) timely to meet loan document delivery deadlines., • Clear suspense items and ensure loans are purchased and/or insured by applicable Investors, Agencies and GSEs., • Independently coordinate and complete monthly TENA audits., • Work independently within MERS systems to perform all required MERS validations and functions, including reporting., • Assist management with new employee and new process training., • Assist with Post Closer file assignment as needed., • Proficient in Processing Transactions within Host/Datasafe as it pertains to Home Loans., • Reconcile purchase advices on Investor purchased loans and research any credits or checks from Investors, Title Companies and/or Vendors for principal reductions, funding overages or fee overages and forward to appropriate Accounting area., • Follow up and obtain outstanding funding conditions on closed loans. Provide updates to management on a regular basis., • Communicate and interact with title companies, member(s), management, loan officers, Investors, GSEs, Agencies and other third party service-related vendors. Identify, investigate and respond to requests and inquiries in a timely manner., • 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., • Perform functions in accordance with Golden 1's performance competency standards, • Perform additional duties as assigned by the Manager., • Effective oral and written communication skills required to interact with members, staff, branches, counties, title companies, servicing, investor staff, vendors and other department staff., • Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone., • Internal: Credit Union management and all levels of staff., • External: Members, title companies, escrow agents, real estate agents, credit reporting agencies, mortgage insurance companies, branches, Investors, GSEs, Agencies, and others as needed., • Education: Associate of Arts degree in Business or Finance is required. Equivalent work experience may be substituted for college degree., • Experience: Three or more years of responsible mortgage lending experience within a Post-Closing department of a mortgage/financial institution., • Knowledge/Skills:, • 1-3 years' experience in post-closing, including FHA and VA insuring, • Strong member relation skills, • Solid oral and written communication skills, • Solid analytical skills, • Ability to use logical reasoning, make objective observations, evaluations and recommendations, • Innovative with high- initiative in all activities, • Knowledge of Secondary market guidelines related to loan delivery and purchasing, • Maintain knowledge of mortgage industry and knowledge of G1 loan programs, • Attend training provided through seminars, webinars and weekly coaching as compliance, policies/procedures, or work processes dictate change, • Prolonged sitting throughout the workday with occasional mobility required, • Corrected vision within the normal range, • Heavy telephone volume and computer usage, • Hearing within normal range. A device to enhance hearing will be provided if needed., • Ability to lift 15 lbs. as may be required, • Occasional movements throughout the department daily to interact with staff, accomplish tasks, etc., • Unusually long work hours may be required to accomplish tasks, • Ability to adhere to company established standards for mortgage volume and delivery and purchase turn time expectations. None.