Mortgage Loan Funder

SAFE FEDERAL CREDIT UNION•Sumter, SC

About The Position

In accordance with sound underwriting practices as set out in policy and procedure, examines, evaluates, and recommends closing of borrower's real estate loans. Communicates effectively with closing attorneys. Responsible for review of settlement statement and disbursed funds. Audits post-closing package received from attorneys.

Requirements

Sound underwriting practices
Effective communication with closing attorneys
Review of settlement statement and disbursed funds
Audit post-closing package
Posting to and balancing real estate related general ledgers
Posting payments and disbursements from escrow funds
Preparation and mailing of Regulation B notifications on disapprovals
Preparation of subordinations, modifications, mortgage satisfactions and lost satisfactions
Preparation and completion of bank wires for all closing transactions within designated timeframes
Preparation of Payoff Statements
Funding and booking mortgage loans to the Credit Union’s core system
Review and monitoring for accuracy
Assisting Mortgage Closer with Construction loan process
Auditing post-closing files

Responsibilities

Provides in person or by telephone, information concerning the mortgage closing process and procedures, as well as other credit union products and services.
Schedules closing with loan applicants and prepares loan closing packages for attorneys.
Posts to and balances real estate related general ledgers.
Post payments and disbursements from escrow funds as required.
Prepares and mails Regulation B notifications on disapprovals.
Prepares subordinations, modifications, mortgage satisfactions and lost satisfactions.
Prepare and complete bank wires for all closing transactions within designated timeframes.
Prepares Payoff Statements when requested.
Fund and book mortgage loans to the Credit Union’s core system. Review and monitor for accuracy.
Works closely with team mates to always ensure efficient processing times and exceptional member service.
Assists Mortgage Closer with Construction loan process to include draws, builder review, inspections, and modifications.
Audit post-closing files.
Other duties as assigned.