Junior Loan Closing & Post-Closing Specialist (Durham)

Latino Credit Union•Durham, NC

2d•Onsite

About The Position

The Junior Loan Closing and Post-Closing Specialist is responsible for preparing mortgage and home equity loan closing packages, providing documents to closing agents in a timely manner, and funding and distribution of closed loan proceeds. They will also be responsible for ensuring the loan has been booked to the core system and respective Real Estate Loan Servicing System. They are also responsible for reviewing all executed loan packages to ensure proper Post-Closing regulatory requirements have been met and any tolerances reported and reconciled.

Requirements

Associate degree required.
1 year of related experience preferred.
Experience in auto lending, insurance verification, collateral management, or loan servicing preferred.
Familiarity with insurance tracking systems.
Basic understanding of auto insurance policies, coverages, and lienholder requirements.
Strong communication skills (phone and written) with the ability to explain insurance requirements clearly.
Excellent verbal and written communication skills in Spanish and English required.
High attention to detail and accuracy when reviewing insurance documents.
Ability to manage a large caseload and prioritize tasks effectively.
Proficiency with computer systems, document management platforms, and loan servicing software.
Microsoft Office and other computer software, including email functions.
Excellent organizational and administrative skills.
Ability to handle sensitive and confidential information.
Knowledge of forced-placed insurance (FPI) processes.
Experience working with insurance carriers.
Understanding of lending regulations related to collateral protection.

Nice To Haves

Bachelor's degree preferred.
Basic knowledge of credit union products and services.
Willing to assist in all areas of operations as needed.

Responsibilities

Process loan closing documents using the Loan Origination System.
Review and process Post-Closing document packages.
Communicate and ship documents through the secure website to closing attorneys regarding loan closings.
Review Insurance, taxes, and additional documents for verification purposes and to address escrow-related issues.
Ensure Closing Disclosures are disclosed within the regulatory requirements of TILA/RESPA (TRID).
Review collateral documents for Mortgages and HELOCs, ensuring all printed information is correct and all signature requirements are met.
Process daily mail as well as identifying, sorting, and checking documents.
Maintain any required database records for Mortgage and HELOC collateral jackets.
Complete a final audit of all collateral loan documents and ensure accuracy and compliance with lending regulations.
Maintain a thorough understanding of Federal Regulations associated with Closing Disclosure settlement statements and Title Policies.
Maintain a basic understanding of the loan workflow from origination to funding.
Must be able to communicate with branch personnel and closing agents to ensure compliance with Credit Union loan closing instructions.
Introduction to HMDA review auditing.
Upload files to a permanent document repository.
Fund and reconcile loans to core and loan servicing systems.
Prepare final loan collateral jackets and submit them to the offsite storage vendor.
Complete assigned training and required annual compliance training courses.
Basic knowledge of credit union products and services.
Comply with LCCU loan policies, guidelines, procedures and best practices.
Perform necessary maintenance on database and scan appropriate documentation.
Recognize and report suspicious practices as required (such as structured transactions and SAR forms) in line with the procedures of the department.
Basic knowledge of State, Federal regulations and LCCU policies and practices regarding real estate secured loans.
Answer the phone, file documents, and perform other clerical duties as needed.
Willing to assist in all areas of operations as needed.
Complete additional duties as assigned by management.