Mortgage Loan Closer/Funder I na None

The credit union is a values-driven organization. Our Core Values are at the center of everything we do and are the driving force behind our mission: We help people and communities prosper. 

1. Everyone Counts - We promote a diverse and fair workplace to better serve our Members, Team Members and Communities, fostering an environment of transparency, trust, and respect. 

2. Innovate Boldly – We dream big, challenge the status quo, move with agility, and embrace data-driven decisions. We listen and continuously make the impossible possible. 

3. Embrace the Fun! – We take joy in our work by welcoming kindness, integrity, and authenticity. 

4. Own It – Valley Strong is ours to grow. We hold ourselves accountable to doing our best work every day and are empowered to do what’s right. 

Home Loan Center 

The Mortgage Loan Closer/Funder I will complete second mortgage loans from generating loan documents through funding. Will coordinate with our Accounting Department and Title companies to close each loan. Ensure each file is fully completed and verify accuracy of documents. This is a high pace position, and the employee must meet performance standards. Will need a strong aptitude to pay close attention to detail, accuracy and organization as well as demonstrate the ability to prioritize and multi-task.

• Maintain a thorough knowledge of TRID and RESPA LE/CD requirements. Will maintain strict confidentiality regarding borrowers’ personal and financial information. Will maintain knowledge of all current government regulations and changes in regulations as required for this position.

• Receive telephone and email inquiries from potential applicants, answer questions, provide information regarding home loan products, quote rates, fees and payments. Schedule real estate appointments and advise applicants of required documentation.

• Review and enter data into the Loan Origination System (LOS). Review file for TRID Compliance. Verify lock information, fees and closing disclosure figures to meet all guidelines. Confirm all prior-to-doc conditions are met and signed off by appropriate parties before releasing loan documents

• Generate loan documents and review for accuracies. Send documents to notary for signing.

• Clear conditions prior to funding. Review signed loan documents for accuracy. Upload documents to the Virtual Loan Folder. 

• Coordinate with outside vendors to complete closing. Employee will obtain essential documentation to disburse funds in accordance with investor and RESPA guidelines. Verify and balance funding figures to fund final loan proceeds.

• Set up loan funding and prepare final figures to Accounting for the wire transfer. Post fees to General Ledger accounts at funding. Ensure funds are available day of loan disbursement. 

• Export loan information to our core system Episys and verify for accuracy. 

• Responsible for making sure all loans close in a timely manner. Prioritize work and meet funding deadlines.

• Post-closing duties include confirming recording/disbursement file, curing post-closing deficiencies, reconciling final settlement statement and preparing post- closing CD.

• Performs other duties as assigned. 

• No

Min/Preferred

Education Level

Description

Preferred

2 Year / Associate's Degree

Or equivalent from two-year college or technical school desired but not required

Minimum Years of Experience

Comments

1

Or equivalent combination of education and financial services experience.

Ability to read and comprehend instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization.

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute dividends and interest.

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written or oral form.

The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Must be able to process transactions in an efficient manner. Must be able to communicate policies and procedures to Members in an easily understood and professional manner.

Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.