Overview
Position – Mortgage Loan Closer Location – Lincoln General Summary
Coordinates the overall mortgage loan closing and post-closing process and communication requirements. Assists with consumer loan closing and funding as it relates to departmental needs. Responsibilities
Gather and review appraisal, title, credit application and all associated documents in file to make sure they match the underwritten loan and guidelines prior to closing and post-closing to ensure all conditions are satisfied. Accurately prepare closing packages and balancing for all types of mortgage loans, consumer, and home equity lines. Prepare accurate closing disclosure statements, ensuring all vendors are paid and collect all fees to meet regulation requirement deadlines. Communicate the status of loan closing dates with loan officers to ensure pending and suspense items are cleared within investor time frames. Fund and service closed mortgage loans. Package closed loan files for sale to secondary market according to their guidelines. Ensure clear title insurance policy has been obtained with post-closing verification. Responsible for completing and finalizing government monitoring information (filing, tracking and reporting). General Duties
Provide denial notices within 30 days of application and assist with government HMDA filings, tracking and reporting. Balance all mortgage loan clearing general ledgers and custodial escrow/funding checking accounts daily. Prepare in-house mortgage loan payoff quotes. Prepare Deeds of Reconveyance for all paid in full second lien and home equity loans. Develop and maintain audit and business procedures and checklists. Handle member questions in regard to their mortgage loan. Serve as backup in loan servicing/processing areas. Develop an understanding of Truth in Lending Act (TRID) and Real Estate Settlement Procedures Act (RESPA) regulatory guidelines and demonstrate compliance. Maintain knowledge of all mortgage loan servicing and secondary market guidelines to maintain compliance. Maintain an organized workspace and efficient tracking guidelines for ordering mortgage loan documents to help achieve the required timely closing goals. Credit Union Job Duties
Provide outstanding service skills for third-party agencies, members and co-workers regarding new, additional, or outstanding documentation required for loan file needs. Maintain member confidentiality and working knowledge of credit union policies and procedures. Develop a working knowledge of the core financial system, loan processing system and departmental software. Maintain outstanding service skills for vendors, members and co-workers for new, additional or outstanding documentation required for all loan needs. Actively support our “sales and service” culture and demonstrate these skills by communicating to members the benefits and features of all our products and services. Develop a working knowledge of competitors’ products and services with a continued interest in improving quality services and products for the credit union. Complete in-house training and certifications based on required classes set up for this position. Follow and exemplify credit union core values and service expectations. Assist in any area as directed by management. Requirements
High school diploma with some college preferred Some experience in an administrative or clerical position required Some experience with a financial institution or related mortgage lending company required One year of related mortgage/title experience preferred Knowledge of mortgage lending regulations tied to Conventional, NIFA, FHA, USDA, VA loans preferred Professional, well-developed interpersonal skills necessary for servicing members in person or by phone required Requires a high degree of accuracy with intermediate mathematical skills (calculations and concepts involving decimals, percentages, fractions, etc.) Requires demonstrated problem solving and proper judgement skills to apply broader aspects of established practice to situations which go beyond clear, concise guidelines Work Hours
Full-time. 40 hours per week. Monday - Friday – 8 am – 5 pm with 1 hour unpaid lunch. One Saturday morning per month rotation may be required. Compensation and Benefits
Wage is commensurate with experience and skills - $21.00 - $23.00+ per hour This position is eligible for a wage increase annually as part of a merit performance review Eligible for a discretionary gain-share plan payment annually Benefits
Insurance Benefits – Full-time: Medical, Dental, Vision, Life and ADD, Short-term and Long-term Disability, AFLAC Supplemental, Flexible Spending Accounts Retirement: 401(k) with company match and Profit Sharing Paid Leave – Vacation, Sick, Personal Day, Holidays, Funeral Leave Additional Programs – Quarterly professional development, Tuition Reimbursement, Fitness Club Reimbursement, Free Breakfast on Fridays, LFCU Apparel #hc220311
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Position – Mortgage Loan Closer Location – Lincoln General Summary
Coordinates the overall mortgage loan closing and post-closing process and communication requirements. Assists with consumer loan closing and funding as it relates to departmental needs. Responsibilities
Gather and review appraisal, title, credit application and all associated documents in file to make sure they match the underwritten loan and guidelines prior to closing and post-closing to ensure all conditions are satisfied. Accurately prepare closing packages and balancing for all types of mortgage loans, consumer, and home equity lines. Prepare accurate closing disclosure statements, ensuring all vendors are paid and collect all fees to meet regulation requirement deadlines. Communicate the status of loan closing dates with loan officers to ensure pending and suspense items are cleared within investor time frames. Fund and service closed mortgage loans. Package closed loan files for sale to secondary market according to their guidelines. Ensure clear title insurance policy has been obtained with post-closing verification. Responsible for completing and finalizing government monitoring information (filing, tracking and reporting). General Duties
Provide denial notices within 30 days of application and assist with government HMDA filings, tracking and reporting. Balance all mortgage loan clearing general ledgers and custodial escrow/funding checking accounts daily. Prepare in-house mortgage loan payoff quotes. Prepare Deeds of Reconveyance for all paid in full second lien and home equity loans. Develop and maintain audit and business procedures and checklists. Handle member questions in regard to their mortgage loan. Serve as backup in loan servicing/processing areas. Develop an understanding of Truth in Lending Act (TRID) and Real Estate Settlement Procedures Act (RESPA) regulatory guidelines and demonstrate compliance. Maintain knowledge of all mortgage loan servicing and secondary market guidelines to maintain compliance. Maintain an organized workspace and efficient tracking guidelines for ordering mortgage loan documents to help achieve the required timely closing goals. Credit Union Job Duties
Provide outstanding service skills for third-party agencies, members and co-workers regarding new, additional, or outstanding documentation required for loan file needs. Maintain member confidentiality and working knowledge of credit union policies and procedures. Develop a working knowledge of the core financial system, loan processing system and departmental software. Maintain outstanding service skills for vendors, members and co-workers for new, additional or outstanding documentation required for all loan needs. Actively support our “sales and service” culture and demonstrate these skills by communicating to members the benefits and features of all our products and services. Develop a working knowledge of competitors’ products and services with a continued interest in improving quality services and products for the credit union. Complete in-house training and certifications based on required classes set up for this position. Follow and exemplify credit union core values and service expectations. Assist in any area as directed by management. Requirements
High school diploma with some college preferred Some experience in an administrative or clerical position required Some experience with a financial institution or related mortgage lending company required One year of related mortgage/title experience preferred Knowledge of mortgage lending regulations tied to Conventional, NIFA, FHA, USDA, VA loans preferred Professional, well-developed interpersonal skills necessary for servicing members in person or by phone required Requires a high degree of accuracy with intermediate mathematical skills (calculations and concepts involving decimals, percentages, fractions, etc.) Requires demonstrated problem solving and proper judgement skills to apply broader aspects of established practice to situations which go beyond clear, concise guidelines Work Hours
Full-time. 40 hours per week. Monday - Friday – 8 am – 5 pm with 1 hour unpaid lunch. One Saturday morning per month rotation may be required. Compensation and Benefits
Wage is commensurate with experience and skills - $21.00 - $23.00+ per hour This position is eligible for a wage increase annually as part of a merit performance review Eligible for a discretionary gain-share plan payment annually Benefits
Insurance Benefits – Full-time: Medical, Dental, Vision, Life and ADD, Short-term and Long-term Disability, AFLAC Supplemental, Flexible Spending Accounts Retirement: 401(k) with company match and Profit Sharing Paid Leave – Vacation, Sick, Personal Day, Holidays, Funeral Leave Additional Programs – Quarterly professional development, Tuition Reimbursement, Fitness Club Reimbursement, Free Breakfast on Fridays, LFCU Apparel #hc220311
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