About The Role
Summary
The Mortgage Loan Post Closer boards loans on to Xperience, prepares and delivers closed loan files and related documentation to investor, and reconciles the purchase of the loan.
This is a Corporate position which may be located at an available bank division in Coeur d'Alene, ID
The entry rate for this position is $19.12 + / per hour (calculated for Couer d'Alene, ID). Click here to learn more about our bank divisions.
All compensation offers are analyzed individually and take into consideration multiple factors including but not limited to geographic location, years of experience, and educational background.
Description
Boards loan on to Xperience timely after loan funding.
- Creates client record on system, if needed.
- Books funding GL entries on system.
- Performs quality review after boarding to ensure accuracy.
- Activates MI certificates.
- Ensures MERS MIN is registered.
Prepares and delivers closed loan files and related documentation to investor.
- Logs FHA appraisals.
- Insures/guarantees loans (FHA/VA/USDA).
- Ships file to investor and confirms receipt.
Keeps track of files status with investor.
- Addresses loan files that have been suspended by the investor and works to clear suspended loans in a timely manner.
Receives wire and purchase advice and reconciles purchase advice.
- Posts payoff GL entries on system.
- Ensures MERS MIN is transferred at loan purchase.
- Sends out notice of transfer to insurance company.
- Sends out notices of transfer to borrower(s).
Receives and forwards final documents.
- Verifies the vesting on the Final Title matches the Recorded Security Instrument.
About YouQualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily The requirements listed below are representative of the knowledge, skill, and/or ability required Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. |
Education | Required/Preferred | Education Level | Description | Required | High School Diploma / GED | |
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Experience | Required/Preferred | Experience Level | Description | Required | 1 year | General clerical or banking experience. | Required | Beginner Experience | Computer experience (i.e., Microsoft Word, Excel, Outlook) and the ability to learn additional computer applications. | Preferred | 1 year | Mortgage fulfillment or post closing experience. | Preferred | Knowledge Of | FHA, VA, USDA, construction and conventional procedures. | Preferred | Beginner Experience | Experience with loan platform software such as Encompass and the ability to learn additional computer applications. | Preferred | Beginner Experience | Core banking systems including GL's and reconciliation tracking. |
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Would an equivalent combination of relevant education and work experience be considered?: No |
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License/Certification | Required/Preferred | License/Certification | Description |
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Required Skills and Abilities | - Ability to multi-task and handle complex tasks efficiently
Strong organizational skills. - Strong analytical skills.
- Strong attention to detail.
- Employee must be capable of regular, reliable, and timely attendance.
- Employee must be capable of interacting calmly and professionally with a variety of people from diverse backgrounds at various levels within and outside of the organization.
- Must comply with all company policies and procedures and all applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control
Must complete the assigned online training courses and achieve a passing score by due date.
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Additional Requirements |
Travel | Occasional travel required: (less than 10 days per year) by automobile (as driver and passenger), commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities. |
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Working Conditions | Environment: Indoors, a climate-controlled shared work area. | Noise Level: Moderate noise; not extreme or excessive; within reasonable limits. | Lifting: Sedentary work: Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, |
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