Loan Funder/Post-Closer

AMPLIFY CREDIT UNION • Austin, TX

1d • $21 - $23 • Hybrid

About The Position

As a growing, tech-focused credit union, Amplify Credit Union delivers value to our members through our products and impact to our community through our profits. That unique intersection is one reason we’ve been named a Top Workplace by the Austin American-Statesman seven years in a row. We’re also proud to say that we’re the only full-service financial institution that doesn’t have deposit fees of any kind. We’re looking for teammates who are inspired by our mission and ready to grow their careers. As they do, our employees can expect Amplify to uphold our commitments to culture, community, inclusion, and more.

Requirements

• High school diploma or GED.
• Minimum of 3 years of recent mortgage lending experience is required.
• Proficiency in reviewing Automated Underwriting Systems Findings is required.
• Must be bondable.
• Knowledge of Texas Constitution requirements as it pertains to Home Equity real estate financing is required.
• Knowledge of investor delivery requirements and reconciliation is required.
• Must have knowledge and understanding of RESPA/TILA policies; excellent time management skills resulting in quality work submitted within specified deadlines; excellent written and verbal communication skills; high level of attention to detail; excellent judgment skills to make quick decisions within written policy and standard operating procedures.
• Must have the ability to present a professional and personable disposition to members and staff; be self-motivated and able to handle daily routine with moderate freedom to interpret and act upon various situations with minimal supervision.
• Must be comfortable in a production-driven role and able to meet assigned goals.
• Working knowledge of credit union’s products and services, policies, and the Credit Union Act including bylaws and regulations that apply to state-chartered credit unions is required.
• Familiarity with state and federal NCUA regulations required.
• Additional regulations employee should understand include, but are not limited to: HMDA, Regulation Z, Regulation B, FNMA, FHA, and VA rules and processes.

Nice To Haves

• Bachelor’s degree in business or related field preferred.
• Experience in funding and post- closing is preferred.
• Active Notary in the state of Texas preferred. If Notary is not active, applicant must be willing to apply for Notary within 60 days of employment.
• Prior experience with the following applications preferred but not necessary: FSP and Encompass360 Bankers Edition.
• Knowledge of HUD and VA guidelines is preferred.

Responsibilities

• Delivers prescribed list of executed closing documents to servicing department within 24 hours of funding
• Manages personal pipeline of assigned loans to ensure loan is progressing in necessary manner in order to disburse as scheduled and within prescribed service level agreements.
• Ensures all prior-to-funding underwriting conditions are met with accuracy prior to authorizing disbursement
• Prepares wire requests for mortgage loan funding
• Manages pipeline of funded loans to ensure original closed loan packages are received within required deadline from the title agencies and/or Notary Public
• Reviews documents and data entered into Loan Operating System for data integrity and uniformity
• Prepares Post Consummation Closing Disclosure and delivers to the member(s) in accordance with program guidelines, Underwriting conditions, and TRID requirements
• Audits executed loan packages for loans targeted to the Secondary market and received from title to confirm they meet ACU policies and procedures as well as Agency requirements (when applicable)
• Assists with rectifying any deficiencies needed to complete sale of loans and necessary to receive loan guaranty with government entities
• Retrieves missing or corrected documents from various internal Loan Origination or Operations employees, settlement agents, or insurance companies to resolve the outstanding deficiencies
• Audits government binder documents according to HUD/VA agency guidelines
• Remits premiums to FHA and VA within time limits to avoid late fees being assessed
• Scans closed loan packages and trailing documents into the loan origination system in a neat, orderly fashion
• Manages final documents report and at appropriate intervals, requests outstanding trailing documents (i.e., recorded deeds, Title Policies, etc.) from title agencies
• Achieves minimal turn times in delivery of trailing documents to secondary market investors
• Facilitates recording of documents related to Home Equity loans
• Sends monthly production report and loan selections to Quality Control Vendor
• Collects and archives all critical documentation prepared or required for an accurate representation of the complete loan file and delivers to the Records Department
• Logs in/out Original Notes to applicable Collateral Management record keeping and places the original note into the appropriate fireproof cabinet upon receipt; compiles closed loan forms specific to targeted investor and facilitates the shipping of required documents to investor
• Disburses revolving account payoffs, taxes, and insurance premium payments when applicable for Home Equity loans
• Provides notary services for completion of real estate mortgage loan documents
• Completes required monthly training courses as assigned
• Stays abreast of internal lending policies, practices, guidelines, lending systems, and products
• Upholds credit union policies and procedures and champions organizational culture both internally and externally

Benefits

• Medical, Dental, and 401(k) programs for team members.
• Customized volunteer opportunities with our signature partners (Saint Louise House).
• Additional paid time off for volunteer-related activities.
• Undergraduate and graduate tuition benefits for eligible full-time and part-time team members.
• 401(k) with a company match of 100% on the first 5% you contribute.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED