Educational Federal Credit Union
Mortgage Post Closing Specialist (On-Site)
Educational Federal Credit Union, Miami, Florida, us, 33222
Overview
Mortgage Post Closing Specialist (On-Site) role at Educational Federal Credit Union. The Mortgage Closer/Funder (Post Closing Specialist) is responsible for closing and funding residential mortgage and home equity loans and lines of credit. Verifies all closing conditions have been cleared by the Underwriter and prepares closing package. Satisfies outstanding conditions and completes a file review to ensure compliance prior to closing and funding. Responsibilities
Reviews closing conditions provided by the underwriter are cleared by obtaining necessary documentation and in compliance with secondary market and credit union policies. Prepare and send out 3-day Closing Disclosure within timeframes for RESPA/TILA compliance. Explain and answer questions regarding the CD document to the member. Redisclose when required. Complete verbal verification of employment and any other verifications as required. Ensure all documents in file have not expired at time of closing. Clear tasks in the LOS system or resubmit to Underwriting for approval as instructed. Review closer pipeline reports daily to manage flow of anticipated closings. Communicate with processors and underwriters regarding file status. Work on loans based on date of receipt and priority given. Enter loans on appropriate spreadsheets with updated closing information for management and department tracking. Coordinate with member, title/closing agents, realtors, and insurance agents to schedule closings and obtain any pending items and clear title required. Complete checklists to ensure all documents and tasks have been completed throughout the process. Update LOS with expected closing date. Meet with members and conduct closings on home equity loans and HELOCs in the Home Loan Department. Review all closing documents to ensure signature and accuracy of documents upon receipt. Fund the loans by performing applicable wire transfer transactions for first mortgage loans. Fund loans in the Symitar system for home equity type loans and HELOCs. Mail funding checks to third parties. Comply with all company policies and procedures, applicable laws and regulations including RESPA/TRID, Regulation B, Regulation Z, Fair Lending, and NMLS Safe Act. Cross-sell credit life/disability insurance products on Home Equity loans and lines of credit. Maintain personal information up-to-date in the NMLS registry within 30 days of a change. Process Loan Closings, Advances, Payments, and Maintenance Items on an ongoing basis, including Rollovers, Conversions, Margin Changes, and Other Operational Transactions; and complete related closings, renewals, and loan modifications. Compare documents and discuss discrepancies with underwriter and loan officer for resolution. Coordinate with settlement agent for timely funding and disbursement. Ensure completion of provided documents for necessary title reports, credit reports, appraisals, and inspections. Maintain data integrity as loan progresses through closing. Prepare funding figures and request wire for funding after balancing with settlement agent. Review signed closing documents for accuracy and compliance. Perform other duties as assigned by management. Requirements
Associated degree or equivalent combination 2-4 years of Mortgage experience Skills
Strong verbal, written and interpersonal communication skills Knowledge of Fannie Mae guidelines Knowledge of mortgage related regulations RESPA/TRID Compliance
Every employee is required to comply with all Bank Secrecy Act (BSA) policies and procedures, and to attend required BSA-related training as assigned. Benefits
Paid Holiday Paid Birthday Paid Sick and Personal Days Paid Vacation Retirement/401K with matching contributions Medical, Dental and Vision Insurance Life Insurance and Long Term Disability Tuition reimbursement for Undergraduate and Graduate courses Various Incentive Programs Career opportunities About Us
As a financial institution, EdFed has been dedicated to providing our members, the South Florida educational community, with quality financial services since 1935. As an employer, we strive to provide staff with challenging career opportunities, great benefits, and a friendly work environment. Confidentiality is of the utmost importance in this position. Company Description
As a financial institution, EdFed has been dedicated to providing our members, the South Florida educational community, with quality financial services since 1935. As an employer, we strive to provide staff with challenging career opportunities, great benefits, and a friendly work environment. Confidentiality is of the utmost importance in this position. Job Details
Seniority level: Entry level Employment type: Full-time Job function: Finance and Sales
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Mortgage Post Closing Specialist (On-Site) role at Educational Federal Credit Union. The Mortgage Closer/Funder (Post Closing Specialist) is responsible for closing and funding residential mortgage and home equity loans and lines of credit. Verifies all closing conditions have been cleared by the Underwriter and prepares closing package. Satisfies outstanding conditions and completes a file review to ensure compliance prior to closing and funding. Responsibilities
Reviews closing conditions provided by the underwriter are cleared by obtaining necessary documentation and in compliance with secondary market and credit union policies. Prepare and send out 3-day Closing Disclosure within timeframes for RESPA/TILA compliance. Explain and answer questions regarding the CD document to the member. Redisclose when required. Complete verbal verification of employment and any other verifications as required. Ensure all documents in file have not expired at time of closing. Clear tasks in the LOS system or resubmit to Underwriting for approval as instructed. Review closer pipeline reports daily to manage flow of anticipated closings. Communicate with processors and underwriters regarding file status. Work on loans based on date of receipt and priority given. Enter loans on appropriate spreadsheets with updated closing information for management and department tracking. Coordinate with member, title/closing agents, realtors, and insurance agents to schedule closings and obtain any pending items and clear title required. Complete checklists to ensure all documents and tasks have been completed throughout the process. Update LOS with expected closing date. Meet with members and conduct closings on home equity loans and HELOCs in the Home Loan Department. Review all closing documents to ensure signature and accuracy of documents upon receipt. Fund the loans by performing applicable wire transfer transactions for first mortgage loans. Fund loans in the Symitar system for home equity type loans and HELOCs. Mail funding checks to third parties. Comply with all company policies and procedures, applicable laws and regulations including RESPA/TRID, Regulation B, Regulation Z, Fair Lending, and NMLS Safe Act. Cross-sell credit life/disability insurance products on Home Equity loans and lines of credit. Maintain personal information up-to-date in the NMLS registry within 30 days of a change. Process Loan Closings, Advances, Payments, and Maintenance Items on an ongoing basis, including Rollovers, Conversions, Margin Changes, and Other Operational Transactions; and complete related closings, renewals, and loan modifications. Compare documents and discuss discrepancies with underwriter and loan officer for resolution. Coordinate with settlement agent for timely funding and disbursement. Ensure completion of provided documents for necessary title reports, credit reports, appraisals, and inspections. Maintain data integrity as loan progresses through closing. Prepare funding figures and request wire for funding after balancing with settlement agent. Review signed closing documents for accuracy and compliance. Perform other duties as assigned by management. Requirements
Associated degree or equivalent combination 2-4 years of Mortgage experience Skills
Strong verbal, written and interpersonal communication skills Knowledge of Fannie Mae guidelines Knowledge of mortgage related regulations RESPA/TRID Compliance
Every employee is required to comply with all Bank Secrecy Act (BSA) policies and procedures, and to attend required BSA-related training as assigned. Benefits
Paid Holiday Paid Birthday Paid Sick and Personal Days Paid Vacation Retirement/401K with matching contributions Medical, Dental and Vision Insurance Life Insurance and Long Term Disability Tuition reimbursement for Undergraduate and Graduate courses Various Incentive Programs Career opportunities About Us
As a financial institution, EdFed has been dedicated to providing our members, the South Florida educational community, with quality financial services since 1935. As an employer, we strive to provide staff with challenging career opportunities, great benefits, and a friendly work environment. Confidentiality is of the utmost importance in this position. Company Description
As a financial institution, EdFed has been dedicated to providing our members, the South Florida educational community, with quality financial services since 1935. As an employer, we strive to provide staff with challenging career opportunities, great benefits, and a friendly work environment. Confidentiality is of the utmost importance in this position. Job Details
Seniority level: Entry level Employment type: Full-time Job function: Finance and Sales
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