Real Estate Lending (Mortgage) Funder & Post Closer

Msgcu•Troy, MI

1d•Hybrid

About The Position

Coordinates real estate funding and post-closing activities for home equity, purchases, and refinances including balancing mortgage transactions, processing payoffs, and reviewing closing documents to ensure compliance with MSGCU and regulatory requirements.

Requirements

High school diploma or GED
1 year of real estate funder and post-closer experience; or 2 years of real estate lending experience or relevant lending experience in other roles.
Proficient with Microsoft Office software products (Word, Excel, PowerPoint, Outlook)
Ability to operate standard office equipment.

Nice To Haves

Federal Housing Administration (FHA) lending experience preferred.

Responsibilities

Ensures new real estate lending transactions balance, discovers and corrects any outages and/or overages.
Boards loan into servicing system from Real Estate Lending Origination system.
Disburses and funds loans in accordance with disbursement date of loans: prepares funding form, disburses net-out funds.
Processes MSGCU payoffs, redirects insurance policies to Records Department, and processes referral credits.
Resolves loan disbursement discrepancies through interdepartmental cooperation with Real Estate Lending Closers, Underwriters, servicing team, MSGCU branches, and title companies.
Activates PMI Certificates for new loans through 3rd party PMI vendor.
Pays upfront MIP on new loans, processes HUD insurance applications, processes HUD binders for final approval through FHA Connection and FHA Catalyst.
Discovers and resolves any outstanding issues on HUD binders.
Reviews closing packages and ensures completeness/accuracy, compiles documents in stacking order.
Discovers and resolves any outstanding issues with the real estate lending team, MSGCU Branch, and/or member on closing packets.
Scans and uploads completed closing package into Real Estate Origination system.
Ensures all closing packages, recorded mortgages and final title policies have been returned from title companies.
Completes wire transfers for upcoming loan fundings.

Benefits

Generous health benefits
Vacation time
Retirement plan contributions
Discounts on loans
Discounts on phone service
Medical, dental and vision on your first day
Health Savings Account (HSA)-eligible medical plan with no monthly premium for you (and your family)
3% contribution from MSGCU to 401(k) if at least 21 years old
100% match for the next 7% contributed to 401(k) if at least 21 years old
12 paid holidays
Up to 120 hours of PTO your first year of service (pro-rated based on start date)