Responsibilities
- Reviews loan file to ensure all milestones have been completed prior to closing
- Ensures information is accurately entered into the LOS and properly processes, prepares, and delivers disclosures, closing disclosures, and closing packages in a compliant and timely manner
- Assembles and delivers closing package to title
- Coordinates closings with title companies to balance closing disclosures, closing requirements, and funding amounts
- Creates funding sheets to balance with outside title agency, and submits and approves wire transfers
- Ensures loans are processed and closed according to rules and regulations set forth by the following: (CFPB) Consumer Financial Protection Bureau and Laws, (TRID) (TILA) Truth in Lending Act (RESPA) Real Estate Settlement Procedures Act Integrated Closing Disclosures rules, (ECOA) Equal Credit Opportunity Act, (HMDA) Home Mortgage Disclosure Act, (HOEPA) Home Ownership and Equity Protection Act, (GMI) Government Monitoring Information Requirements, (MLA) Military Lending Act
- Consults with internal legal and compliance departments to ensure loans and documents are compliant
- Locks in interest rates for all internal and external loan products and programs and validates Service Release Premiums and confirms accurate pricing adjustors
- Administers rate lock extensions and changes in accordance with procedures and
- Reviews closed/signed/completed loan packages to ensure complete and relevant documents have been received
- Reviews closed loan packages in a timely, accurate, and efficient manner to ensure loans meet program and federal criteria
- Funds disbursements for loans closing with outside title companies; creates funding sheets to balance with outside title agency, and requests wire of funds from Cash Desk
- Ensures timely and accurate loan posting and reporting to Balancing and Finance departments
- Prepares and files/indexes documents for long term storage and delivery to
- Reviews all documents to be uploaded to sub servicer and ensures accurate and timely delivery of requirements for subserviced loans
- Follows post-close trailing documents procedures and workflows to ensure all required documentation is received in a timely fashion
- Manages all follow-up to ensure receipt of necessary documents from title companies and lending partners in order to finalize loans in accordance with requirements of the end investor (Farmer Mac, Freddie Mac and Portfolio)
- Prepares Allonges, services transfer letters and manages transmittals for files in the pool sales
- Ships files in pool sales and updates shipping logs
- Maintains monthly US Bank Exception report
- Is responsible for execution of MERS requirements, loan delivery through MERS as applicable, and accuracy per MERS requirements
- Attends regular training sessions offered by Compeer, investors and various vendors
- Works with internal and external auditors to revise current processes and procedures to comply with federal and state regulations
- Assists with training Compeer Home team members on tasks that impact document processing
- Other duties as requested to meet the needs of the organization
Requirements
- High School Diploma
- Minimum of 3 years of experience in in a lending or financial institution
- Working knowledge of mortgage loan process and related regulatory requirements
- Basic knowledge of lending principles
- Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization
- Skill in developing and maintaining interpersonal relationships
- Strong problem solving, decision making and organizational skills
- Strong computer skills, including MS Office applications and customer relationship management (CRM) programs
- Strong analytical skills with attention to detail
- Ability to work independently and collaboratively with other teams to achieve goals and represent the business
Nice to Have
- Associate’s degree in business administration, agribusiness or related field
- Nationwide Mortgage Licensing Systems (NMLS) certification
Benefits
- Hybrid model – up to 50% work from home
- Flexible schedules including ample flexibility in the summer months
- Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
- Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
- Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
- Learning and development programs
- Mentorship programs
- Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
- Professional membership/certification reimbursement and more!
Work Arrangement
Hybrid
Additional Information
- Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs
- To learn more about Compeer Financial visit www.compeer.com/careers
