Home Loan Senior Post Closer Job Sacramento area,California USA,Finance & Banking

Home Loan Senior Post Closer

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:
Assign sub-servicer loan numbers to funded 1st mortgage loans, complete MERs registration on funded 1st mortgage loans, link mortgage loans in Teller navigator to member's accounts for on-line viewing and access, 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 and all trailing documents are obtained and 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.

Independently coordinate and complete monthly TENA audits.

Work independently within MERS systems to perform all required MERS validations and functions, including reporting.

Assist management with new employee and new process training.

Assist with Post Closer file assignment as needed.

Proficient in Processing Transactions within Host/Datasafe as it pertains to Home Loans.

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 1's 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…