Manager of Post Closing and Booking

First National Bank (FNB Corp.) • Pittsburgh, PA

63d

About The Position

This position is primarily responsible for managing the risks associated with Post Closing, Mortgage Insuring, Mortgage Electronic Registration System (MERS), Booking, Delivery and Loan Securitization for residential loans to ensure all documentation is accurate, complete and compliant with investor and regulatory guidelines. The incumbent manages several teams, coordinates workflow, and resolves escalated issues that arise during the final stages of the loan process. The incumbent will work closely with the supervisors in Post Closing and Delivery.

Requirements

• High School or GED
• 7 years of job related experience
• Excellent management skills
• Excellent communication skills, both written and verbal
• Excellent organizational, analytical and interpersonal skills
• Ability to use general office equipment
• Ability to use a personal computer and job-related software
• MS Word - Basic Level
• MS Excel - Intermediate Level
• MS PowerPoint - Basic Level
• Experience in a mortgage related position

Nice To Haves

• Prior knowledge of Mortgage Operations, QC, Post Closing and Booking, Delivery into the Secondary Market, Securitization, and knowledge in ACES is strongly preferred

Responsibilities

• Contributes to the development and implementation of policies, procedures, and programs alignment with directives from the Bank, OCC, CFPB and other regulatory agencies to mitigate risk. Analyzes and shares trend data with relevant stakeholders to proactively reduce or eliminate errors.
• Ensures adherence to documentation requirements set by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Home Loan Bank, and private investors to maintain compliance and prevent fines or corrective actions. Maintains alignment with corporate policies and procedures through ongoing professional development and continuing education.
• Collaborates regularly with the mortgage operations team- including closers, underwriters, and processors to identify and address recurring issues impacting loan and data quality. Participates in eClosing initiatives aimed at streamlining the closing, post-closing, and loan sale processes to reduce overall cycle times.
• Collaborates with cross-functional teams- including correspondent lending, servicing, construction and draw management, and secondary loan delivery to prioritize workflow and communicate capacity constraints. Lead initiatives to enhance efficiency and productivity through system enhancements and workflow optimization.
• Actively participates in workflow automation initiatives, collaborating with external vendors and internal IT teams to enhance document management and loan checklist processes through automated data extraction. Manages post closing and delivery workflow utilizing 3rd party Quality Management Software program like ACES.
• Upon FNB's adoption of loan securitization, this position will be responsible for the coordination of the initial due diligence and preparing loan pools in accordance with agency guidelines. Oversee all pooling activities, including loan deliveries, remediation, cancellations and resubmissions as necessary.
• Performs other related duties and projects as assigned.
• All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program. F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Funds, Trusts, and Other Financial Vehicles
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees