Company Mission
Orion Lending is a Nationwide Mortgage Banker, founded by proven industry leaders, who bring a legacy of success and ambition to the Mortgage Banking industry. At the core of our business philosophy is a commitment to extraordinary service, honesty, and clear communication. Our team is comprised of highly seasoned professionals who share Orion Lending's objective to revolutionize our partners' expectations. At Orion Lending, we combine innovative technology, a wide array of products and competitive pricing, to assist our network of originators grow and develop their referral business and clientele.
Position Summary
The funder’s primary responsibility is to perform all the tasks relating to loan closings after receiving approval to close from Underwriting, including the preparation and release of accurate closing documents. The position requires strong organizational and attention to detail as well as the ability to work effectively with borrowers, attorneys, brokers, and title companies.
Specific Duties and Responsibilities
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Review approved loans to determine conditions that must be met prior to closing, such as purchase of private mortgage insurance, flood insurance, verification of funds to close etc.
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Call broker, title company, and or bank attorneys to request specific documents, such as an updated tax search, closing protection letters, abstract agent good standing letters and preliminary CD
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Knowledge of TRID compliance rules and guidelines
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Conduct compliance review of Loan Estimate, Closing Disclosure, and validate that the loan passes all federal and state rules
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Receive and review any outstanding funding conditions prior to closing, including all disclosures
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Verify accuracy and consistency of loan specifications in closing documents, such as loan terms, property information, borrower name and vesting, title information and homeowner’s insurance premiums and correct as necessary and verify borrowers’ signatures on all final closing documents prior to funding
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Ensure all conditions and regulatory requirements are met prior to closing
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Verify and set up lender wire for closing
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Obtain necessary funding documents from settlement agents for review and issue a funding authorization for disbursement
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Working with mortgage brokers and other clients to arrange for the closing and funding of residential mortgage loans
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Follow up with closing agents for the prompt return of original closing documents
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Meet production and quality standards consistently
Preferred Qualifications and Experience
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High school Diploma
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Solid knowledge of TRID.
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3-5 years of experience in the mortgage industry
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Knowledge of Encompass
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Ability to work in a paperless environment
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Ability to accurately record and calculate figures and prepare loan documents.
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Strong knowledge of wet/dry state closing requirements.
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Excellent communication skills and follow-through.
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Exemplary customer service skills.
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Detail-oriented.
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Ability to thrive in a fast-paced deadline-driven environment.
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Ability to multi-task with a high level of accuracy and attention to detail.
Physical and Work Conditions
Standard office environment, equipment, and tasks, including work at a computer terminal. This position requires partial sitting and walking throughout the day. Employees must be open to working overtime to complete assigned tasks.
