Mortgage Post-Closing Specialist

First Bank & Trust • San Francisco, SD

2d

About The Position

This person manages the sale, delivery, and funding of secondary market loans. This includes analyzing files for HMDA reporting accuracy and communicating independently with investors and insurers/guarantors to resolve post-closing issues according to investor standards. The role also involves resolving exceptions from investors, tracking and delivering final documents, and communicating deficiencies to staff and management.

Requirements

• Associate’s degree, plus 1 year of prior job-related experience or the equivalent.
• Good communication skills and the ability to interact with customers, realtors, and other professionals.
• Familiarity with mortgage lending concepts, practices, and procedures.
• General working knowledge of FHA, VA, Rural Development, Private Mortgage Insurance and investor differences, guidelines, and processes.
• General understanding of all mortgage regulations including but not limited to Fair Lending, TRID, RESPA, Reg Z, and Reg B.

Nice To Haves

• Provide exceptional customer service while interacting with customers, realtors, 3rd party service providers and co-workers.

Responsibilities

• Manage the post-closing sale of first mortgage loans by reviewing, insuring, and delivering all mortgage files originated to the respective investors and guarantors within allotted timeframes.
• Monitor the pipeline of files at different stages of the post-closing process to ensure deadlines are met, continually follow up on documentation to ensure the appropriate information has been requested and is received within the allotted timeframes to meet the expected insuring, guaranteeing, and delivery dates.
• Track and resolve exceptions from investors and insurers to ensure timely purchase, insurance, and guaranty of loans.
• Monitor and respond to post-closing audit and file review requests from internal and external examiners, auditors, investors, quality control providers, or other external parties as assigned by management.
• Verify the data integrity of all HMDA data prior to delivery to the investor.
• Determine whether or not the loan in HMDA reportable, verify that the HMDA screen have been completed accurately and matches the loan data in the file.
• Responsible for confidentially handling all non-public information.
• Attend all team meetings and training seminars, as deemed appropriate by the supervisor.
• Act in accordance with FBT policies and procedures as set forth in the employee handbook.
• Adhere to compliance procedures and participate in required compliance training.

Benefits

• Equal Opportunity, Affirmative Action employer.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree