Valon is seeking a Mortgage Loan Closer/Funder to manage residential mortgage loan files, ensuring timely and accurate completion of closing, funding, and post-closing activities. The role involves compliance with regulatory standards, resolving post-closing issues, and working within new and existing loan origination systems like Vesta and Encompass in a fast-paced environment.
Responsibilities
- Prioritize and monitor daily workflows as we pilot our new LOS - Vesta.
- Review and track all necessary objectives/tasks to update internal and external software programs (e.g., Encompass and/or Vesta) accordingly.
- Train to become our special matter expert related to all Closer/Funder/Post-Closer role objectives and tasks for initial and COC closing disclosure preparation, final balancing and document preparation, document review, and funding within Vesta.
- Assist with all related post-closing and backlogged tasks.
- Collaborate with operations to address and resolve any post-closing investor suspense items, including document discrepancies, missing documents, and/or compliance violations.
- Be resourceful to overcome loan challenges, rectify issues, and research red flags.
- Proactively identify and address potential loan challenges or unsaleable/uninsurable loans directly with Management.
- Ensure all processes comply with the company’s policies and standard operating procedures, investor requirements, state/federal regulations, and insurer/guarantor requirements.
- Other duties as assigned
Requirements
- 2+ years of experience with Encompass.
- Knowledge of state lending laws and regulations.
- Experience using government sites for VA and FHA.
- Advanced Google Suite and Microsoft Office skills.
- High school diploma or GED equivalent required.
Preferred Qualifications
- Experience working with Vesta (Loan Operating System) is a PLUS!
- Encompass experience is also preferred.
- Bachelor’s Degree or equivalent related industry experience.
- Thorough understanding of relevant federal rules and regulations (e.g., RESPA, TILA, ECOA, TRID, CFPB).
- Minimum of 4 - 6 years of cross-trained experience as a Closer/Funder/Post-Closer/ and/or Government Insuring.
- Previous experience with relevant technology (e.g., DU, LP, FHA Connection, CATALYST, Investor portals).
- Ability to work independently with little or no supervision.
- Strong written communication skills.
Technical Stack
Vesta, Encompass, DU, LP, FHA Connection, CATALYST, Investor portals, Google Suite, Microsoft Office
Benefits
- Competitive salary and 401(k) plan
- Comprehensive medical, dental, & vision benefits
- In-office snacks and drinks
- Bagel Fridays
- Pre-tax deductions for public transportation, rideshare services, and parking expenses
- Company-wide orientation for onboarding
- Learning & development opportunities
- Regular review cycles that feature 360-degree feedback
- 17 days paid time off, sick days, and 11 company holidays
- 12 weeks off for both birthing and non-birthing parents - fully paid
Compensation
Competitive salary. Equity: .... 401(k) plan
Work Arrangement
Hybrid — On-site for 90 days minimum (during training on new LOS platform), WFH dates, as approved by Management — WFH allowed after initial on-site training period, as approved by Management
