Tower Federal Credit Union, Inc.
Real Estate Lending Post Closer I
Tower Federal Credit Union, Inc., Laurel, Maryland, United States, 20724
Note: All full-time positions include the option of $0 out-of-pocket premium cost for Employee Only PPO and exceptionally low premiums for all other PPO coverage levels.
Tower is offering a $1000 Signing/Retaining bonus as of 1/20/2024.
Hours:
Monday - Friday 8:00am - 4:30pm. Hiring Range:
$24.82/hr - $31.02/hr Overview
The Real Estate Lending Post Closer I (RELPCl) is responsible for the timely and thorough post-closing review of funded home equity loan files and line of credit files. The RELPCl will verify the loan files are complete, boarded properly, and ready for loan servicing. The RELPCl will assist on any post-closing issues that arise, escalating to Management as appropriate. The RELPCl obtains missing documentation and helps track receipt of recorded security instruments and title policies. Responsibilities
Conducts post-closing review of funded home equity loans and lines of credit and acts as a back-up for post-closing first mortgage loans, ensuring adherence to closing instructions and conditions. Ensures all loan documents are electronically scanned and prepares collateral files. Reviews scanned closing packages and notifies parties of deficiencies. Works with title companies, attorneys, and members to ensure closing documents are executed properly; obtains missing documentation and signatures or corrected documents as needed. Ensures all trailing post-closing documentation and documents needing corrections are received timely. Verifies final title policies have no exceptions affecting TFCU lien position, as applicable. Follows up on outstanding items to secure and perfect the mortgage lien on the collateral property. Updates the LOS with status changes and dates for accurate reporting and tracking of outstanding issues. Resolves post-closing issues during file review and transfers collateral files to Loan Servicing when post-closing is complete. Performs accurate filing, scanning, and record keeping; responds to post-closing inquiries and escalates as needed. Gathers loan files for internal and external audit preparation as assigned. Maintains confidentiality and security of Member information. Participates in special projects under the direction of the AVP of QA & Regulatory Compliance, Real Estate. Performs related duties as assigned by the Supervisor Post Closing. Required Qualifications
High school diploma or equivalent. One to three years of experience as a residential home equity loan closer or post-closer, or similar position; experience demonstrating analytical decision making and attention to detail. Equivalent combination of education and experience. Working knowledge of standard loan programs and understanding of closing and funding documentation requirements. General understanding of real estate lending concepts, practices, and regulatory requirements. Knowledge, Skills and Abilities
Interpret, understand, and apply TFCU Real Estate Lending Guidelines, Mortgage Insurer and/or Investor Guidelines. Multi-tasking, prioritization, and effective communication with members, real estate agents, title companies, and teams. Verbal communication for process questions and instructions within the Real Estate Lending Department. Ability to interpret procedures and instructions in written form. Ability to work with little oversight, solve problems, and seek guidance as needed. Proficiency in Microsoft Office Suite and mortgage loan origination software. Adaptability to changes in internal, market, or regulatory environments. Organizational skills for managing workflow, loan files, and documents. Judgment in protecting member confidential information. Prompt and reliable attendance; ability to work under time constraints and in a high-pressure environment. Teamwork and willingness to help others; ability to write business correspondence and complete loan origination forms. Ability to represent the credit union to members and third-party partners. Knowledge of and adherence to policies and regulations including BSA, USA Patriot Act, and OFAC. Working Conditions
Ability to work the required hours, which may extend beyond the defined schedule when operating conditions dictate. Ability to lift up to 20 lbs., with or without assistance, in compliance with ADA. Education, Experience, Certifications
Equal Opportunity Employer. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
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Monday - Friday 8:00am - 4:30pm. Hiring Range:
$24.82/hr - $31.02/hr Overview
The Real Estate Lending Post Closer I (RELPCl) is responsible for the timely and thorough post-closing review of funded home equity loan files and line of credit files. The RELPCl will verify the loan files are complete, boarded properly, and ready for loan servicing. The RELPCl will assist on any post-closing issues that arise, escalating to Management as appropriate. The RELPCl obtains missing documentation and helps track receipt of recorded security instruments and title policies. Responsibilities
Conducts post-closing review of funded home equity loans and lines of credit and acts as a back-up for post-closing first mortgage loans, ensuring adherence to closing instructions and conditions. Ensures all loan documents are electronically scanned and prepares collateral files. Reviews scanned closing packages and notifies parties of deficiencies. Works with title companies, attorneys, and members to ensure closing documents are executed properly; obtains missing documentation and signatures or corrected documents as needed. Ensures all trailing post-closing documentation and documents needing corrections are received timely. Verifies final title policies have no exceptions affecting TFCU lien position, as applicable. Follows up on outstanding items to secure and perfect the mortgage lien on the collateral property. Updates the LOS with status changes and dates for accurate reporting and tracking of outstanding issues. Resolves post-closing issues during file review and transfers collateral files to Loan Servicing when post-closing is complete. Performs accurate filing, scanning, and record keeping; responds to post-closing inquiries and escalates as needed. Gathers loan files for internal and external audit preparation as assigned. Maintains confidentiality and security of Member information. Participates in special projects under the direction of the AVP of QA & Regulatory Compliance, Real Estate. Performs related duties as assigned by the Supervisor Post Closing. Required Qualifications
High school diploma or equivalent. One to three years of experience as a residential home equity loan closer or post-closer, or similar position; experience demonstrating analytical decision making and attention to detail. Equivalent combination of education and experience. Working knowledge of standard loan programs and understanding of closing and funding documentation requirements. General understanding of real estate lending concepts, practices, and regulatory requirements. Knowledge, Skills and Abilities
Interpret, understand, and apply TFCU Real Estate Lending Guidelines, Mortgage Insurer and/or Investor Guidelines. Multi-tasking, prioritization, and effective communication with members, real estate agents, title companies, and teams. Verbal communication for process questions and instructions within the Real Estate Lending Department. Ability to interpret procedures and instructions in written form. Ability to work with little oversight, solve problems, and seek guidance as needed. Proficiency in Microsoft Office Suite and mortgage loan origination software. Adaptability to changes in internal, market, or regulatory environments. Organizational skills for managing workflow, loan files, and documents. Judgment in protecting member confidential information. Prompt and reliable attendance; ability to work under time constraints and in a high-pressure environment. Teamwork and willingness to help others; ability to write business correspondence and complete loan origination forms. Ability to represent the credit union to members and third-party partners. Knowledge of and adherence to policies and regulations including BSA, USA Patriot Act, and OFAC. Working Conditions
Ability to work the required hours, which may extend beyond the defined schedule when operating conditions dictate. Ability to lift up to 20 lbs., with or without assistance, in compliance with ADA. Education, Experience, Certifications
Equal Opportunity Employer. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
#J-18808-Ljbffr