Mortgage Loan Closer/Funder
Advantis Credit Union
Region: Milwaukie, OR
Contact: Human Resources
As a Mortgage Loan Closer/Funder you will be responsible for drawing final loan documents and coordinating loan closings in compliance with federal, state, and local law and Credit Union policies and procedures. Will use extensive knowledge of mortgage loan products, loan documents, funding requirements, escrow/title practices, and regulatory compliance laws to ensure a quality file.
Responsibilities of this role include:
•Draws final loan documents for loan closing; reviews file for completeness and accuracy to ensure compliance with underwriting, government, investor, and Credit Union requirements.
•Reviews signed loan documents for accuracy and ensures compliance with federal, state, local law and Credit Union policies and procedures.
•Prepares loan packages for investor delivery to the Credit Union’s servicer and ensures that each loan is properly entered into the appropriate system.
•Ensures underwriter approval prior to funding; resolves any pre-funding issues.
•Verifies with Escrow Officers that all needed information is included, documents are properly signed, and the title company has complied with closing instructions as stated; clears the loan to sign.
•Performs pre and post-close reconciliation with HUD-1.
•Ensures that loans close in accordance with the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) guidelines, in addition to underwriter instructions surrounding Federal Home Loan Mortgage Corp (FHLMC) guidelines.
•Coordinates with borrowers, closing agents, and real estate agents to ensure conditions are met.
•Assists in resolution of issues at close and follows up on any post-closing issues that may arise.
•Ensures that loan files are properly delivered to investors.
•Verifies and prepares wire transfer instructions; verifies loan amounts, fees, rates, discount points, broker rebates, and other funding amounts.
•Verifies lock information and ensures the final fee sheet is in compliance with loan originator compensation per company guidelines.
•Performs Predatory Lending Tests on all loans.
•Prepares Truth in Lending disclosures.
•Assists with monitoring pending files to perfect security interests as quickly as possible.
•Ensures that mortgage insurance certificates are activated upon closing.
•High school diploma or equivalent required.
•Minimum 1 year experience as a first mortgage loan closer/funder in a financial institution.
•Experience with Freddie Mac, Fannie Mae, FHA and USDA loans preferred.
•Knowledge of Loan Prospector/Desktop Underwriter, Mortgagebot and FICS preferred.
•Strong verbal and written communication skills.
•Ability to exercise judgment, initiative and tact in dealing with members, staff and vendors.
•Ability to operate office equipment (10-key calculator, financial calculator, personal computer, typewriter, copier, fax).
•Excellent service and problem solving skills.
•Represents Advantis to members in a friendly, positive, and professional manner.
•Ensures the confidentiality of daily work and member information.
•Excellent organization, planning and prioritization skills.
•Flexibility to deal with unexpected events, and attend meetings and events that may occur outside of regularly scheduled work hours. Work schedule may vary to provide sufficient service levels.
•NMLS registration required.
A Great Place to Work!
At Advantis, we help our members succeed financially. We serve our members with a purpose and a passion, and our talented team delivers uncommon value with every interaction. We inspire fresh ideas, bold creativity, and outside-the-box ingenuity by asking, “How can we do banking differently?” We celebrate individual achievement and excellence with proud recognition and upward opportunity. We work together in a spirit of “together we can” teamwork, mutual respect, and a unified effort to reach common goals. We work hard but we get to do it in an atmosphere that’s upbeat and fun. We live our passionate community commitment to strengthen, educate, and elevate the prosperity of the communities we’re proud to call home.
If you like to work with passion and purpose, collaborate, elevate, and celebrate, Advantis Credit Union is the place for you. Advantis is one of Oregon’s largest member-owned financial cooperatives, serving the Portland areas for over 90 years.
Interested in Applying? Apply Here.
Advantis Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, veteran status, or disability.