Real Estate Lending (Mortgage) Funder & Post Closer

Michigan Schools and Government Credit Union • Troy, MI

2d • 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

• Member Focus: Uses active listening skills to gain understanding and determine the needs of others in order to help members achieve their financial objectives and deliver a member-focused real estate lending experience.
• Action Oriented: Takes on new opportunities and tough challenges with a sense of urgency and enthusiasm. Strong organizational skills and ability to manage multiple responsibilities simultaneously in a fast-paced environment.
• Communicates Effectively: Effectively communicates about the real estate lending process to audiences with varying needs and abilities.
• Instills Trust: Builds relationships and gains the confidence of others by modeling honesty, integrity, authenticity, and behaviors that align with organizational values. Exemplifies courage by stepping up to address difficult issues.
• Self-Development: Actively seeks new ways to grow and be challenged using formal and informal development channels.
• Proficient with Microsoft Office software products (Word, Excel, PowerPoint, Outlook) and the ability to operate standard office equipment.
• 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.

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) for those at least 21 years old
• 100% match for the next 7% contributed to 401(k) for those 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)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED