Temporary Loan Closing Coordinator I
Job Description
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 “Loan Estimate, “Closing Disclosure” 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 “at closing”, “pre-funding” and/or “post funded”.
- Resolve basic loan documentation errors prior to funding.
- Review and approve the “Closing Disclosure” documented with the “Settlement Statement” 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.
Kavaliro provides Equal Employment Opportunities to all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. Kavaliro is committed to the full inclusion of all qualified individuals. In keeping with our commitment, Kavaliro will take the steps to assure that people with disabilities are provided reasonable accommodations. Accordingly, if reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the position, and/or to receive all other benefits and privileges of employment, please respond to this posting to connect with a company representative.
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