Loan Boarding Specialist

Broadview Federal Credit Union•Albany, NY

About The Position

The Loan Boarding team sets up each Loan onto the Credit Union's platforms disbursing the corresponding funds accordingly to the Itemization in the closing file. It is essential that all information entered is accurate and verified with the documents in the file it pertains to.

Requirements

High School Diploma or General Equivalency Degree (GED) is required
A minimum of 1 year of mortgage servicing experience is required
Working knowledge of Microsoft Word and Excel
Proficient in a PC / Windows based environment, including use of Email and Internet
Expected to have working knowledge of all internal programs and applications i.e. Encompass, DNA, Servicing Director, etc.

Nice To Haves

Bilingual individuals who are fluent in a second language in addition to English are highly encouraged to apply.

Responsibilities

Track closed and pending Mortgage loans using pipeline in Encompass; this includes the receipt of documentation from closing agents.
Maintain reports to track the receipt of pending documents and closing files.
Log dates received of loan files from closing agent in the Mortgage for tracking and disbursement purposes.
Import all Mortgages from Encompass to Mortgage Tracking Spreadsheet to ensure loans are accounted for and being disbursed.
Import Loans into Servicing Director Loan Setup Module on day of disbursement using the member advance report sent by SMS Accounting.
Organize each file to the Mortgage checklist, attaching a Quality Control Sheet.
Review all documents within the files to ensure all information is accurate and correct.
Identify incorrect or missing documents, communicating and obtaining from closing agent.
Pull essential documents from Encompass that is needed in the booking process.
Disburse loans onto Servicing System on day of disbursement, completing all transactions needed, utilizing the Quality Control sheet to ensure all steps are completed.
Post interest and escrow balances to the Mortgage loans.
Ensure all loans are properly booked on System.
Activate Private Mortgage Insurance (PMI) with corresponding Vendor online.
Establish tracking for all Home Owner Insurance, Escrowed Taxes, Mortgage Insurance and Flood Insurance, if applicable.
Activate tax contract with Core Logic if applicable to the loan.
Complete all Financial Transactions.
Disburse and distribute checks to proper entities from loan proceeds.
Post all necessary GL transactions.
Ensure all funds are received in timely manner as described in closing documents.
Update policies and procedures as changes occur.
Correct any GL reconciliation differences as needed within 48 hours.
Correct any information sent back from Counties to obtain the Recorded Mortgages.
Other duties as needed