Mortgage Loan Post Closer

GreenState Credit Union • North Liberty, IA

1d • $24 - $28

About The Position

Is accountable for the accuracy and completeness of all mortgage loan documentation, file maintenance and scanning. Responsible for all post closing functions.
GREENSTATE CULTURE:
At GreenState, our purpose is to create lasting value for our members, our communities, and one another. We empower our teams to create opportunities that strengthen financial well-being, transform lives, and enhance the vitality of the communities we serve. We know our success—now and in the future—is deeply rooted in fostering an engaging, diverse, and inclusive workplace where everyone knows they matter, their work makes an impact, and their everyday commitment to living our values is what brings our mission to life.
Pay range for this hourly position is $23.61 - $27.60/hr with a progressive benefits package.

Requirements

• Reports to work punctually, works all scheduled hours, and works overtime as necessitated by business demand.
• Interpersonal skills to represent the Credit Union in a positive way during member contact and to gather data from a number of sources and to represent positively the Credit Union during such contacts.
• Ability to provide quality service to members by phone or in person.
• Ability to develop and maintain effective working relationships with co-workers.
• Ability to prioritize assignments and organize work efficiently, to handle large volumes of details.
• Ability to operate related computer applications, an on-line terminal and other standard office equipment.
• Lending policies and Real Estate knowledge helpful.
• High school diploma or equivalent (i.e. GED.) with six months to one year previous related work experience or post secondary degree in Business, Mathematical Science, or other related field.
• Must be bondable.

Nice To Haves

• Lending policies and Real Estate knowledge helpful.

Responsibilities

• Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
• Demonstrates a positive member service (internal and external) focus at all times.
• Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
• Ensures confidentiality of member information.
• Supports a diverse and inclusive work environment.
• Supports a diverse and inclusive work environment.
• Plays a vital role in enriching the community by participating in community service organizations and/or Credit Union sponsored events on an annual basis.
• Interacts with various lending teams to ensure all necessary documents are included in the file to be sent to secondary market including any conditions required by AUS or GreenState underwriter.
• Assumes an “audit” function for files prior to shipping the file to the secondary market. Ensures all necessary documents are complete and included in all files before completing the file as required by GreenState underwriter.
• Uploads all files to secondary market vendors by investors lock date to ensure prompt delivery and reduction of roll fees and extension fees.
• Maintains accuracy of Warranty Deed, Ground Water Hazard Statement, Declaration of Value, Mortgage and any additional documents that are to be recorded Uploads documentation for recording to the appropriate County Recorder in a timely manner to ensure GreenState maintains their first lien position.
• Orders final title commitment (901s) and follows up after closing to ensure prompt delivery of Title Guaranty to reduce final documentation fees from secondary market investors.
• Sends final documentation to secondary market after Title Guaranty is received and mails out abstracts to appropriate individuals/organizations.
• Delivers notes to investors in a timely manner to prevent roll fees.
• Manages and is responsible for the suspension and funding reports on a daily basis. Uploads all necessary documents to investor to prevent delay and any roll fees with investor.
• Balances the secondary market funding when a loan is sold to ensure accurate postings by both vendor and MLA.
• Registers all secondary market loans with MERS in a timely manner to ensure accuracy of lien position and to prevent delays in the loans being purchased.
• Activates and pays PMI in a timely manner on loans that require PMI.
• Ensures receipt of first payments for required secondary market loans through mailings and other forms of member contact.
• Verifies accuracy and completeness of mortgage loan data entry on core system for piggyback second mortgages.
• Follows up on any missing documentation in mortgage file and scans and indexes all closed inhouse mortgage loan file documentation.
• Creates a permanent file for all files to retain documents such as the original Note and Mortgage. Files all in-house mortgage files by numerical sequence. Performs additional miscellaneous filing as necessary.
• Ensures neatness and organization of loan file/document storage.
• Tracks mortgage loan file/document retention. Coordinates shredding and disposal of mortgage loan files/documentation when the file/documentation are no longer required to be retained.

What This Job Offers

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