Post Closing Specialist

Western Alliance Bank • Irvine, CA

6d

About The Position

As a Post Closing Specialist you'll support real estate loan transaction closings, ensuring compliance, accuracy, and timely completion of required documentation and procedures. You'll assist the Post Closing Team Lead in all functions of the Post Closing Department. Create a collateral file from closing document package and scan copy into Encompass eFolder. Place the collateral file in fireproof safe and add it to the collateral tracking log. Assist with creating the daily Collateral Manifest for funded loans and sending to our bank custodian. Mortgage Electronic Registration Systems (MERS) register newly funded loans. Assist funders with the Auto Assign function of closing documents in Encompass eFolder. Input Security Instrument recording information in Encompass. Follow up on Trailing Loan Documents. Assist Corporate with obtaining any Title Policy/document corrections or questions. Work with Closing Attorney/Title Company to obtain documents to clear file for purchase. Audit final closing statements and issue post-closing disclosure as needed. Complete FHA/VA insuring. Work with third party due diligence firms to clear files for purchase. Resolve issues with servicing regarding loan boarding and impound collection.

Requirements

• 1+ years of related experience in Mortgage Operations or similar field.
• High school diploma required.
• Entry level knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, capital markets and/or other residential mortgage products and services.
• Entry level knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate speaking and writing communication skills.

Responsibilities

• Support real estate loan transaction closings, ensuring compliance, accuracy, and timely completion of required documentation and procedures.
• Assist the Post Closing Team Lead in all functions of the Post Closing Department.
• Create a collateral file from closing document package and scan copy into Encompass eFolder.
• Place the collateral file in fireproof safe and add it to the collateral tracking log.
• Assist with creating the daily Collateral Manifest for funded loans and sending to our bank custodian.
• Mortgage Electronic Registration Systems (MERS) register newly funded loans.
• Assist funders with the Auto Assign function of closing documents in Encompass eFolder.
• Input Security Instrument recording information in Encompass.
• Follow up on Trailing Loan Documents.
• Assist Corporate with obtaining any Title Policy/document corrections or questions.
• Work with Closing Attorney/Title Company to obtain documents to clear file for purchase.
• Audit final closing statements and issue post-closing disclosure as needed.
• Complete FHA/VA insuring.
• Work with third party due diligence firms to clear files for purchase.
• Resolve issues with servicing regarding loan boarding and impound collection.

Benefits

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees