Senior Associate Mortgage Closer

Alliant Credit Union•Chicago, IL

3d•Hybrid

About The Position

Essential Responsibilities Prepare closing instructions for routine and complex applications in all 50 states including products such as: FHA, VA, Construction, etc. and the documents to be provided to title or escrow agents. Review data in the loan origination system for accuracy and input information into applicable loan origination / wire request systems. Analyze and evaluate given information relative to underwriting guidelines. Verify funding amounts, issue funding authorization or wire instruction, and reconciles amounts to various general ledger accounts. Ensure accuracy of the loan application data by clearing inconsistencies prior to generating compliant closing documents, funding of applications and assistance in any deficiencies related to the sale of first lien mortgage originations. Reconcile system generated alerts as requested by gathering and validating relevant supporting documentation. Communicates timelines and expectations in order to manage and maintain departmental service level agreements. Ensures the loan closing workflow is meeting deadlines as set forth by the application, purchase agreement and general service level agreements of the mortgage closing department. Provide set service level for each loan application and originating team member from time of receipt to the next applicable application workflow. Provide the team members such as loan officers, borrowers and operations teammates with timely updates while participating in weekly status meetings with respective operations team members. Communicate with loan officers, borrowers, operations staff, title companies, realtors, builders and all other internal / external partners. Establish, maintain, and update files, databases, records, and/or other documents for recurring internal report. Make recommendations for procedural changes to increase efficiency.

Requirements

Minimum - High School or Equivalent
Minimum - 5 Years of First Mortgage Closing, First Mortgage Lending Operations, Residential Real Estate Closing Packages/Instructions, Funding Procedures or related

Responsibilities

Prepare closing instructions for routine and complex applications in all 50 states including products such as: FHA, VA, Construction, etc. and the documents to be provided to title or escrow agents.
Review data in the loan origination system for accuracy and input information into applicable loan origination / wire request systems.
Analyze and evaluate given information relative to underwriting guidelines.
Verify funding amounts, issue funding authorization or wire instruction, and reconciles amounts to various general ledger accounts.
Ensure accuracy of the loan application data by clearing inconsistencies prior to generating compliant closing documents, funding of applications and assistance in any deficiencies related to the sale of first lien mortgage originations.
Reconcile system generated alerts as requested by gathering and validating relevant supporting documentation.
Communicates timelines and expectations in order to manage and maintain departmental service level agreements.
Ensures the loan closing workflow is meeting deadlines as set forth by the application, purchase agreement and general service level agreements of the mortgage closing department.
Provide set service level for each loan application and originating team member from time of receipt to the next applicable application workflow.
Provide the team members such as loan officers, borrowers and operations teammates with timely updates while participating in weekly status meetings with respective operations team members.
Communicate with loan officers, borrowers, operations staff, title companies, realtors, builders and all other internal / external partners.
Establish, maintain, and update files, databases, records, and/or other documents for recurring internal report.
Make recommendations for procedural changes to increase efficiency.