Randstad Mortgage Closer in Lynn, Massachusetts
Monday, October 17, 2016
Randstad Finance & Accounting
ESSENTIAL FUNCTIONS OF THE POSITION
Prepares accurate, complete closing packages on real estate loans. Interacts with members, realtors, appraisers, and others involved in the closing package to ensure the smooth flow of information on closing a loan.Researches and resolves items in the closing package in professional and timely manner.
Ensures that closing dates are arranged and coordinated with all involved in the process.
Prepares loan file folders and ensures that all files are complete with up-to-date, accurate,and comprehensive documentation that complies with policies and procedures and external rules and regulations. Follows-up on exceptions and missing items. Ensures that a closed file is completed accordingto RWCU s policies and procedures.
Inputs loans on credit union system;posts rates; and posts loan transactions to the General Ledger.
Audits loans to ensure accuracy, completeness,and compliance. Packages and sends fully audited and compliant loans to investors.
Ensures the processing of HELOCs and first mortgages comply with all NCUA requirements as well as State and Federal requirements.
Fellows-up with members and potential members to gather additional information or documentation, ensuring that the member is comfortable with the requirements and timetables in general and specifically on closings.
Ensures wired funds are ordered through the Accounting Department to complete closing package
Processes loan to include verification of employment, deposit accounts, and all liabilities in order to prepare application of verified information.
Requests and evaluates real-estate appraisals, surveys, and titles; reviews for accuracy and completeness. Ensures proper guidelines are followed.
Requests flood certification to determine if property is or is not in a flood zone. Obtains copy of current homeowner s insurance and flood insurance.
ADDITIONAL FUNCTIONS OF THE POSITION
May have a specialty function within the Loan Department but will also cross-train to provide coverage as a Loan Processor or Sr. Loan Processor.
May close business loan files as a back-up.
May assists, as needed,with pre-closing functions.
May participate in community service events and/or Credit Union sponsored events.
KNOWLEDGE, SKILLS, AND EXPERIENCE REQUIRED
Professional,courteous interpersonal and communication skills are essential for projecting a positive image as an employee of RWCU with co-workers, members and potential members, attorneys, title examiners, vendors, visitors, etc.
Work requires a thorough knowledge of RWCU s mortgage products and procedures as well as NCUA and State and Federal rules and regulations on mortgage and HELCO processing and closings. Bondability is a requirement of the position.
Associate Degree in Business or related field,or the equivalent combination of education and experience is required. Proficiency with computer software applications is required.
A minimum of five years of experience in a Mortgage Loan function of a financial institution is required.
Position requires the: ability to read,analyze,and interpret financial reports, procedures,legal documents and external regulations; ability to respond professionally to varied inquiries or complaints from members; and ability to communicate and negotiate effectively.
Intermediate math skills (adding,subtracting, multiply, dividing,percentages, proportions, fractions, interest) are required.
Position requires the ability to work on a keyboard, sit for prolonged periods of time, and communicate orally and in writingwith members, management, peers,subordinates, vendors, etc.