Mortgage Lending Closer / Funder
About The Position
Under general supervision, the Closer-Funder is responsible for timely, accurate and efficient home loan closing process. The Closer-Funder draws documents meeting Credit Union, investor and regulatory compliance requirements for all home loan types. The Closer-Funder coordinates with settlement agents, members, notaries, and all applicable parties for a successful closing. The Closer-Funder reviews executed loan documents for signatures, notarization, completeness, consistency and data integrity. The Closer Funder obtains and clears prior to funding conditions, prepares and requests wires, funds and confirms loan has been launched to servicing system accurately. The Closer-Funder maintains loan files. The Closer-Funder maintains funding pipeline by tracking expiration dates, compliance and funding timeframes. The Closer-Funder coordinates activities, and keeps all parties informed. Maintains appropriate electronic tracking.
Requirements
- High school education or equivalent.
- Three to Five years funding First and Second Lien Position Mortgage Loans, in a fast-paced environment, which would provide a thorough knowledge of modern office practices and procedures.
- Knowledge of state and federal regulations as they relate to residential mortgage/home loan applications, credit union rules, regulations, and policies.
- Effective communication skills both verbally and in writing and excellent telephone manner.
- Must have personal computer skills and be proficient with Microsoft programs at an intermediate skill level.
Responsibilities
- Review all information within the Loan Origination System required for accuracy to create loan documents.
- Prepare and deliver complete and accurate closing documents meeting all applicable guidelines in a secure manner to the appropriate escrow vendors.
- Check all executed loan documents for correctness and accuracy ensuring all conditions are met and imaged accordingly prior to funding.
- Responsible for communicating with mortgage loan processors, existing and prospective members and escrow vendors as needed to collect outstanding conditions, making sure they meet all applicable guidelines.
- Coordinating and confirming with escrow that the loan is ready to fund.
- Funding loan, wire necessary funds, updating loan origination system and notifying escrow with funding figures within the required time frame.
- Consistently practices the Service Philosophy of “Put People First” exercising the Connect, Discover, Deliver & Wow components in every encounter with internal and external members, creating extraordinary experiences.
- Effectively conveys information. Communicates with immediate supervisor and the team keeping others advised of progress and/or situations.
- Displays behavior that matches the value of Mutual Respect by relating favorably at all levels within the organization.
- Performs other work-related duties as assigned.
- May be a disaster recovery team member or take directives from a disaster team recovery member.
Benefits
- Anthem HMO/PPO, Delta Dental, and Unum options - from day one
- Life insurance at no cost to employee.
- 401(k) – OCCU matches 6% of the employee’s contribution (dollar for dollar)
- Vacation hours – 13 days per year and rolls over year to year, and increases with tenure
- Sick hours – 7 days per year and paid holidays
- Annual performance merit increases
- Professional and personal development programs, including educational grants up to $1k per year, and step progression opportunities
- Annual discretionary bonus
- Professional, friendly work environment focused on achieving goals, recognizing successes, and excelling at member service.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
Number of Employees
101-250 employees
