Temporary Loan Closing Coordinator I

Essential Functions

• Responsible for the creation and remittance of loan closing documents for closing agent used in each transaction.
• Responsible to ensure that additional/supplemental documents are correctly sent to closing, including those required by underwriting stipulations.
• Review all loan documents for completeness and accuracy.
• Validate, correct loan compliance errors as needed by individuals. Utilization of working knowledge on TRID Regulations, particularly those relating to the âLoan Estimate, âClosing Disclosureâ and proper timing requirements.
• Ensure quality and compliance of work to company policies procedures as well as company investor guidelines.
• Maintain current knowledge of policy and/or Federal, State, and regulatory changes that may affect the loan closing/funding processes.
• Conduct thorough review of executed loan documents to maintain compliance with Federal, State and/or local laws.
• Review executed loan documents and validate correct signatures, notary information, title reports and compliances with the Lender's escrow instructions.
• Facilitate and validate the completion of all loan stipulations that are to be obtained âat closingâ, âpre-fundingâ and/or âpost fundedâ.
• Resolve basic loan documentation errors prior to funding.
• Review and approve the âClosing Disclosureâ documented with the âSettlement Statementâ from closing agent to ensure accuracy which includes but is not limited to:
  • Lender and Seller fee credits are correctly itemized.
  • Buyer charged fees from interested parties are accurate and compliant to law.
  • All applicable fees are listed in correct sections.
  • Escrow impounds correctly calculated and compliant to law.
• Back up lending phone queue(s) as needed.
• Handle basic Member or interested party inquiries regarding loans originated in departments supported.

Requirements

• 2+ years of related closing/funding experience in lending industry.
• Basic knowledge of mortgage lending guidelines and regulations.
• Clear understanding of RESPA and TRID regulation requirements.
• Experience using internet-based loan origination software; prefer experience with Accenture Mortgage Cadence and/or Episys Symitar platforms.
• Basic knowledge of investor guidelines (Fannie Mae Preferred) and compliance requirements.
• Ability to work in a high paced environment with self-driven initiative to effectively prioritize multiple tasks.
• Strong attention to detail.
• Experience creating residential loan closing documents.
• Ability to communicate effectively both verbally and in writing.
• Ability to establish and maintain effective work relationships with a diverse group of people including vendors and other Credit Union team members.
• Ability to act independently and confidentially, using discretion and tact.
• Ability to analyze situations and recommend workable solutions.
• Ability and desire to work in a team environment.