Real Estate Lending; Mortgage) Funder & Post Closer

Overview of Responsibilities

Coordinates real estate funding and post-closing activities for home equity, purchases, and refinances including balancing mortgage transactions, processing payoffs, and reviewing closing documents to ensure compliance with MSGCU and regulatory requirements.

• Ensures new real estate lending transactions balance, discovers and corrects any outages and/or overages.
• Boards loan into servicing system from Real Estate Lending Origination system.
• Disburses and funds loans in accordance with disbursement date of loans: prepares funding form, disburses net-out funds.
• Processes MSGCU payoffs, redirects insurance policies to Records Department, and processes referral credits.
• Resolves loan disbursement discrepancies through interdepartmental cooperation with Real Estate Lending Closers, Underwriters, servicing team, MSGCU branches, and title companies.
• Activates PMI Certificates for new loans through 3rd party PMI vendor.
• Pays upfront MIP on new loans, processes HUD insurance applications, processes HUD binders for final approval through FHA Connection and FHA Catalyst.
• Discovers and resolves any outstanding issues on HUD binders.
• Reviews closing packages and ensures completeness/accuracy, compiles documents in stacking order.
• Discovers and resolves any outstanding issues with the real estate lending team, MSGCU Branch, and/or member on closing packets.
• Scans and uploads completed closing package into Real Estate Origination system.
• Ensures all closing packages, recorded mortgages and final title policies have been returned from title companies. Completes wire transfers for upcoming loan fundings.

• Member Focus:
  Uses active listening skills to gain understanding and determine the needs of others in order to help members achieve their financial objectives and deliver a member-focused real estate lending experience.
• Action Oriented:
  Takes on new opportunities and tough challenges with a sense of urgency and enthusiasm. Strong organizational skills and ability to manage multiple responsibilities simultaneously in a fast-paced environment.
• Communicates Effectively:
  Effectively communicates about the real estate lending process to audiences with varying needs and abilities.
• Instills Trust:
  Builds relationships and gains the confidence of others by modeling honesty, integrity, authenticity, and behaviors that align with organizational values. Exemplifies courage by stepping up to address difficult issues.
• Self-Development:
  Actively seeks new ways to grow and be challenged using formal and informal development channels.
• Proficient with Microsoft Office software products (Word, Excel, PowerPoint, Outlook) and the ability to operate standard office equipment.

• High school diploma or GED; and
• Either:
• 1 year of real estate funder and post-closer experience; or
• 2 years of real estate lending experience or relevant lending experience in other roles.
• Federal Housing Administration (FHA) lending experience preferred.

• Office and branch location environment with little discomfort from noise, extreme temperature, dust or other factors.
• Occasionally required to travel throughout MSGCU’s service area as business needs require.
• Exposed to potentially hazardous conditions, such as robbery. Receives detailed instructions and security procedures on an annual basis to minimize risk.
• This work involves sitting most of the time with brief periods of walking or standing and may occasionally require lifting and/or moving up to 10 pounds.
• Normal working hours will be MSGCU’s standard branch and administrative office hours of operation, however, periodic weekends and/or before/after normal…