Home Loan Senior Post Closer

Golden 1 Talent Acquisition Team • Sacramento, CA

6d • $25 - $30 • Hybrid

About The Position

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.

Requirements

• Associate of Arts degree in Business or Finance is required. Equivalent work experience may be substituted for college degree.
• Three or more years of responsible mortgage lending experience within a Post-Closing department of a mortgage/financial institution.
• 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.

Responsibilities

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree