Post-Closing Specialist

SERVION INC • New Brighton, MN

5h • $21 - $25

About The Position

The primary responsibility of a Post-Closing Specialist is accurate and timely processing of post-closing files. This involves quality control and customer reporting with extensive administrative and member service work.

ESSENTIAL RESPONSIBILITIES & DUTIES:
Entry Level
Review loan documentation for accuracy and compliance by completing post-closing checklist and maintaining an average of 5 loans reviewed per day.
Verify outstanding underwriting conditions have been met to ensure salability of the loan
Review Loan Estimate(s) and Closing Disclosure(s) to ensure fees for lender and title services are within TRID guidelines.
Issue post-closing conditions for loan defects and contact appropriate party for documentation needed.
Act as liaison between appropriate parties to resolve and follow-up on outstanding post-closing conditions to ensure the loan meets investor requirements prior to delivery.
Intermediate - Level II
Must be able to perform all responsibilities and functions listed for Level I with a high degree of independence
Greater understanding of the implications for loan defects and what is needed to satisfy the requirement.
Demonstrated initiative to resolve loan defects and clarify acceptable documentation for outstanding conditions.
Increased capacity to consistently review an average of 8 loans per day while maintaining a high standard of quality and remediating outstanding loan defects.
Independent review of FHA, VA and USDA loans with basic understanding of required loan guidelines and acceptable documentation.
Submit and obtain loan insurance or guaranty from FHA, VA or USDA within 60 days of closing.
Senior - Level III
Must be able to perform all responsibilities and functions listed for Levels I & II with a high degree of independence
Demonstrated ability to communicate and clarify complex information in a clear and concise manner with internal and external parties.
Advanced understanding of FHA, VA, USDA, and conventional loan guidelines
Advanced understanding of the implications for loan defects and advise on what is needed to satisfy the requirement.
Increased capacity to review 10+ loans per day while maintaining a high standard of quality and remediating outstanding loan defects.
ESSENTIAL DUTIES, KNOWLEDGE, SKILLS, ABILITIES:
A basic understanding of conventional loan guidelines including but not limited to TRID disclosure and timing requirements.
A basic understanding of FHA, VA and USDA loan guidelines.
Previous experience working with a paperless LOS such as Encompass
Verify any increased fees are associated with a valid change in circumstance and are properly documented in the file.
Process upfront premium and funding fee payments through payment processing system

Requirements

• A basic understanding of conventional loan guidelines including but not limited to TRID disclosure and timing requirements.
• A basic understanding of FHA, VA and USDA loan guidelines.
• Previous experience working with a paperless LOS such as Encompass
• Verify any increased fees are associated with a valid change in circumstance and are properly documented in the file.

Nice To Haves

• Education High School Diploma; 2 or 4-year degree in a business-related field preferred.
• Entry level Generally 1-2 years of related mortgage experience with positive member relations or relative combination of education and experience;
• Intermediate level 2-5 years of post-closing experience and the ability to perform all the essential responsibilities and duties listed for entry level.
• Senior level 5+ years previous post-closing experience and the ability to perform all the essential responsibilities and duties listed for entry and intermediate level.
• Licenses/Certifications: none

Responsibilities

• Review loan documentation for accuracy and compliance by completing post-closing checklist and maintaining an average of 5 loans reviewed per day.
• Verify outstanding underwriting conditions have been met to ensure salability of the loan
• Review Loan Estimate(s) and Closing Disclosure(s) to ensure fees for lender and title services are within TRID guidelines.
• Issue post-closing conditions for loan defects and contact appropriate party for documentation needed.
• Act as liaison between appropriate parties to resolve and follow-up on outstanding post-closing conditions to ensure the loan meets investor requirements prior to delivery.
• Submit and obtain loan insurance or guaranty from FHA, VA or USDA within 60 days of closing.
• Communicate and clarify complex information in a clear and concise manner with internal and external parties.
• Process upfront premium and funding fee payments through payment processing system

Benefits

• Medical Insurance
• Telehealth Services
• Dental Insurance
• Vision Insurance
• Life Insurance
• Short-term Disability
• Long-term Disability
• Legal and Identity Theft Protection
• Critical Illness Insurance
• Hospital Insurance
• Accident Insurance
• Participation in 401k Plan with up to 5% company match
• Variable Bonus Pay

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 1-10 employees