Mortgage Loan Post Closer
Company: GreenState Credit Union
Location: North Liberty
Posted on: June 23, 2022
The Mortgage Loan Post Closer is a position requiring a steady,
accurate, and analytical worker who wants to do things right every
time. As a Mortgage Loan Post Closer you will be accountable for
the accuracy and completeness of all mortgage loan documentation,
file maintenance, and scanning. Come be a part of our stable and
respected team. We will value your good work and your loyal,
consistent attitude and will show this by providing competent
management and good benefits.
This full-time, non-exempt position requires a minimum of 40
hours/week. Monday - Friday 8:00 a.m. - 5:00 p.m. Loan volume often
dictates additional work hours, which are necessary to meet
critical deadlines and member demands. As such, the ability and
availability to work flexible hours to accomplish workloads is a
must. GreenState offers an outstanding benefits package that
includes: 401(k) plan with generous match feature; health, dental,
life and disability coverage; as well as a generous paid time off
Base wage range for the position is $17.04 to $25.56 per hour, plus
an additional incentive opportunity!
ResponsibilitiesPerforms essential duties and responsibilities in
the following areas which may include, but are not limited to those
listed and are subject to change.
Adheres to the Credit Union's core values and Service Standards in
carrying out GreenState's mission and vision.
Demonstrates a positive member service (internal and external)
focus at all times. Consistent usage of the members name during
contact and always thanking them for their business.
Demonstrates a high level of customer service with all secondary
market vendors, including but not limited to weekly check in calls
Demonstrates teamwork in all interactions with coworkers and in the
completion of all duties and responsibilities.
Plays a vital role in enriching the community by participating in
community service organizations and/or Credit Union sponsored
events on an annual basis.
Ensures confidentiality of member information.
Interacts with various lending teams to ensure all necessary
documents are included in the file to be sent to secondary market
including any conditions required by AUS or GreenState
Assumes an "audit" function for files prior to shipping the file to
the secondary market. Ensures all necessary documents are complete
and included in all files before completing the file as required by
Uploads all files to secondary market vendors by investors lock
date to ensure prompt delivery and reduction of roll fees and
Delivers insurance letters to change the mortgagee clause for
secondary market files.
Delivers the Corelogic flood determination transfer letter to
Maintains accuracy of Warranty Deed, Ground Water Hazard Statement,
Declaration of Value, Mortgage and any additional documents that
are to be recorded Uploads documentation for recording to the
appropriate County Recorder in a timely manner to ensure GreenState
maintains their first lien position.
Orders final title commitment (901s) and follows up after closing
to ensure prompt delivery of Title Guaranty to reduce final
documentation fees from secondary market investors.
Sends final documentation to secondary market after Title Guaranty
is received and mails out abstracts to appropriate
Delivers notes to investors in a timely manner to prevent roll
Manages and is responsible for the he suspension and funding
reports on a daily basis. Uploads all necessary documents to
investor to prevent delay and any roll fees with investor.
Balances the secondary market funding when a loan is sold to ensure
accurate postings by both vendor and MLA.
Registers all secondary market loans with MERS in a timely manner
to ensure accuracy of lien position and to prevent delays in the
loans being purchased.
Activates and pays PMI in a timely manner on loans that require
Ensures receipt of first payments for required secondary market
loans through mailings and other forms of member contact.
Verifies accuracy and completeness of mortgage loan data entry on
core system for piggyback second mortgages.
Follows up on any missing documentation in mortgage file and scans
and indexes all closed in-house mortgage loan file
Creates a permanent file for all files to retain documents such as
the original Note and Mortgage. Files all in-house mortgage files
by numerical sequence. Performs additional miscellaneous filing as
Ensures neatness and organization of loan file/document
Tracks mortgage loan file/document retention. Coordinates shredding
and disposal of mortgage loan files/documentation when the
file/documentation are no longer required to be retained.
Works directly with members and loan officer for the coordination
of all loan advances and reimbursements on construction loans.
Manages construction loan portal on GreenState Mortgage Website and
monthly mailings to vendors to collect any missing lien waivers and
documents accordingly to avoid liens to obtain final title
Orders Verafin/OFAC on vendors for requests over $10,000.00.
Communicates directly with members and the loan officer to obtain
and manage construction loan extension requests.
Creates and sends construction loan extension documentation to
members to avoid loan maturing and extend the loans as
documentation is received back.
Reports to work punctually, works all scheduled hours, and works
overtime as necessitated by business demand.
Interpersonal skills to represent the Credit Union in a positive
way during member contact and to gather data from a number of
sources and to represent positively the Credit Union during such
Ability to provide quality service to members by phone or in
Ability to develop and maintain effective working relationships
Ability to prioritize assignments and organize work efficiently, to
handle large volumes of details.
Ability to operate related computer applications, an on-line
terminal and other standard office equipment.
Lending policies and Real Estate knowledge helpful.
High school diploma or equivalent (i.e. GED.) with six months to
one year previous related work experience or post secondary degree
in Business, Mathematical Science, or other related field.
Must be bondable.
Keywords: GreenState Credit Union, Cedar Rapids , Mortgage Loan Post Closer, Other , North Liberty, Iowa
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