Loan Closing Coordinator

Job Title: Temporary Loan Closing Coordinator I

Pay Rate: $31.00 per hour

Status: temp assignment through July 3rd

Location: Napa, CA 94558

Top Things Looking for:

• 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.

JOB DESCRIPTION:

Our client is seeking a Temporary Loan Closing Coordinator. The Temporary Loan Closing Coordinator, who will support lending departments closing and funding processes particularly focused in Mortgage Lending, by working both individually and as part of a team to facilitate the loan closing process, including the creation and review of loan closing documents. The Loan Closing Coordinator I must have entry level skills in reviewing loan closing documents for completeness and accuracy, as well as demonstrated ability to balance funding transactions in partnership with title companies utilized to transact the loan.

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 RCU’s policies procedures as well as RCU’s investor guidelines including those of Fannie Mae.
• 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.