Post Closing Specialist

Servion • New Brighton, MN

1d

About The Position

The primary responsibility of a Post-Closing Coordinator is auditing, organizing, and ensuring the compliance of residential loan files after the closing table. Including but not limited to an audit of signed closing documents, collection of any missing trailing documents (like final recorded mortgages or title policies), and preparation of a clean loan package for sale to investors or government agencies.

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.
• Process upfront premium and funding fee payments through payment processing system

Nice To Haves

• 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.

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.

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