Mortgage Loan Funder

SUMMARY:

In accordance with sound underwriting practices as set out in policy and procedure, examines, evaluates, and recommends closing of borrower's real estate loans. Communicate effectively with closing attorneys. Responsible for review of settlement statement and disbursed funds. Audit post-closing package received from attorneys.

ESSENTIAL DUTIES AND RESPONSIBILITIES

include the following:

• Provides in person or by telephone, information concerning the mortgage closing process and procedures, as well as other credit union products and services.
• Schedules closing with loan applicants and prepares loan closing packages for attorneys.
• Posts to and balances real estate related general ledgers.
• Post payments and disbursements from escrow funds as required.
• Prepares and mails Regulation B notifications on disapprovals.
• Prepares subordinations, modifications, mortgage satisfactions and lost satisfactions.
• Prepare and complete bank wires for all closing transactions within designated timeframes
• Prepares Payoff Statements when requested
• Fund and book mortgage loans to the Credit Union's core system. Review and monitor for accuracy
• Works closely with team mates to always ensure efficient processing times and exceptional member service
• Assists Mortgage Closer with Construction loan process to include draws, builder review, inspections, and modifications
• Audit post-closing files
• Other duties as assigned.