Golden1
Home Loan Operations - Home Loan Post Closer
8945 Cal Center Dr, Sacramento, CA 95826, USA Req #6665
Wednesday, July 23, 2025
JOB TITLE: Home Loan Post Closer
DEPARTMENT: Home Loan Operations
STATUS: NON- EXEMPT
JOB CODE: 1328
PAY RANGE: $20.70 - $24.00 Hourly
GENERAL DESCRIPTION:
The function of this position is to review closed loan files for documentation accuracy; and ensure closed loans are properly setup and shipped to Investors, Agencies, GSEs and/or sub-servicer for either loan purchase, insuring or servicing on a timely basis to meet commitment expiration or file delivery deadlines.In addition, ensure that loan files are purchased timely and accurately.
TASKS, DUTIES, FUNCTIONS:
- Complete Post Closing tasks:1) Assign sub-servicer loan numbers to funded 1st mortgage loans, 2) Complete MERs registration on funded 1st mortgage loans, 3) Link mortgage loans in Teller navigator to members accounts for on-line viewing and access, 4) Complete MI documentation to setup Mortgage Insurance.
- Obtain final Settlement Statement from Escrow.Review final Closing Disclosures, make corrections as needed and issue Post Consummation Closing Disclosure if corrections are made.
- Review the e-folder in Encompass on recently closed loans to ensure that all required documents for the Investors, Agencies, GSEs and/or sub-servicer are contained in the e-folder and filed under the appropriate placeholder.Ensure required documents are complete and original note/riders are stored in fireproof filing cabinet.Shred remaining paper loan documents.
- Upload electronic files and send physical collateral packages to Investors, Agencies, GSEs and/or sub-servicer on recently closed loans for either loan purchase, insuring or servicing on a timely basis to meet commitment expiration or file delivery deadlines.
- Upload loan data via GSE loan delivery portals for loan purchase on a timely basis to meet loan delivery requirements and deadlines.
- Send required documents and/or request shipment of required documents, including the note, to the applicable Document Custodian (GSE, Agency or Golden 1) timely to meet loan document delivery deadlines.
- Clear suspense items and ensure loans are purchased and/or insured by applicable Investors, Agencies and GSEs.
- Reconcile purchase advices on Investor purchased loans and research any credits or checks from Investors, Title Companies and/or Vendors for principal reductions, funding overages or fee overages and forward to appropriate Accounting area.
- Follow up and obtain outstanding funding conditions on closed loans.Provide updates to management on a regular basis.
- Communicate and interact with title companies, member(s), management, loan officers, Investors, GSEs, Agencies and other third party service-related vendors. Identify, investigate and respond to requests and inquiries in a timely manner.
- Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
- Perform functions in accordance with Golden 1s performance competency standards
- Perform additional duties as assigned by the Manager.
PHYSICAL SKILLS, ABILITIES, AND EXERTION UTILIZED IN THE PERFORMANCE OF THESE TASKS:
- Effective oral and written communication skills required to interact with members, staff, branches, counties, title companies, servicing, investor staff, vendors and other department staff.
- Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone.
ORGANIZATIONAL CONTACTS & RELATIONSHIPS:
- INTERNAL: Credit Union management and all levels of staff.
- EXTERNAL: Members, title companies, escrow agents, real estate agents, credit reporting agencies, mortgage insurance companies, branches, Investors, GSEs, Agencies, and others as needed.
QUALIFICATIONS:
- EDUCATION: Associate of Arts degree in Business or Finance is required. Equivalent work experience may be substituted for college degree.
- EXPERIENCE: Three or more years of responsible mortgage lending experience within a Post-Closing department of a mortgage/financial institution.
- KNOWLEDGE/SKILLS:
- Solid oral and written communication skills
- Solid analytical skills
- Ability to use logical reasoning, make objective observations, evaluations and recommendations
- Innovative with high- initiative in all activities
- Knowledge of Secondary market guidelines related to loan delivery and purchasing
- Maintain knowledge of mortgage industry and knowledge of G1 loan programs
- Attend training provided through seminars, webinars and weekly coaching as compliance, policies/procedures, or work processes dictate change
PHYSICAL REQUIREMENTS:
- Prolonged sitting throughout the workday with occasional mobility required
- Corrected vision within the normal range
- Heavy telephone volume and computer usage
- Hearing within normal range.A device to enhance hearing will be provided if needed.
- Ability to lift 15 lbs. as may be required
- Occasional movements throughout the department daily to interact with staff, accomplish tasks, etc.
- Unusually long work hours may be required to accomplish tasks
- Ability to adhere to company established standards for mortgage volume and delivery and purchase turn time expectations.
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