DUTIES AND RESPONSIBILITIES:
- Coordinates settlement between Title Company and/or attorneys and members.
- Reviews closing instructions; determines charges to be collected at closing such as appraisal/inspection fees, credit report charges, recording and title insurance costs, etc.
- Creates, edits and approves the Closing Disclosure (CD) statement and coordinates with the title company on any necessary revisions. Issues the CD to applicable borrowers in accordance with regulatory guidelines.
- Prepares all required Mortgage Loan Closing documents, including, but not limited to Promissory Note, Deed of Trust, Closing Disclosue; prepares appropriate disclosures and any other documents necessary for closing; Documents should be accurate and error free and provided to title company and/or member within specified time frames as determined by management.
- Coordinates with the Mortgage Loan Processor to confirm that all underwriting requirements are met; ensures all loan underwriting conditions are satisfied prior to the preparation of the closing packages.
- Issues clear and concise closing conditions to the settlement attorney and/or title company in an effort to ensure compliance and salability of the loan.
- Provide the title company with any needed follow up to ensure a seamless transaction and timely settlement.
- Responsible for disbursements and following all required accounting procedures.
- Assists with post-closing communication and helps to correct any mistakes made on documentation by the title company at the time of closing.
- Conducts equity loan settlements in a professional manner ensuring all documents are properly signed and notarized. Print checks for Home Equity Line of Credit loans.
- Creates and disburses Home Equity, Home Equity Line of Credit and Land Loans within the core system.
- Remains cognizant of and adheres to NWFCU policies and procedures, and regulations pertaining to the Bank Secrecy Act (BSA)
- Other duties as assigned.
EDUCATION AND EXPERIENCE:
- 8am - 4:30pm M-F or 9am - 5:30pm M-F
- Education High school graduate or equivalent.
- At least 1-year mortgage experience as a processor or closer or at least 1-year experience in a mortgage related field.
- Knowledge of Credit Union Policies and Procedures relating to mortgage operations.
- Knowledge of federal regulations and compliance issues such as RESPA, REG Z, HMDA, etc.
- SAFE Act Licensing is required.
- Use of HP12C financial calculator, Microsoft office suite to include Word and Excel.
- Skilled in the use of the internet for information retrieval and online business processing.
- Proficient in various mortgage software utilized by departments.
- Solid time management skills and the ability to organize prioritize and perform multiple tasks simultaneously.
- Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences.
- Ability to analyze and comprehend complex financial data and provide financial alternatives.
- Professional and effective interpersonal skills.