Job Summary: Process and disburse consumer and mortgage loans. Continue Monitoring loans post-close to service and process various escrow items, ensuring timely and accurate disbursements, and maintaining insurance and tax tracking records.
Essential Functions and Responsibilities:
Mortgage Loan Processing
- Prepare loan files for underwriting including all vendor work and payoff information requests from third party vendors and institutions.
- Generate closing documents, adhering to all CU policies, procedures and compliance requirements.
- Works with Loan Officers and vendors to prepare loans files for underwriting. Processing loans, creating all necessary documents to close and disburse loan amount.
- Ensures closing documents are in compliance with all policies and procedures.
- Assists in organizing and preparing mortgage files for archive.
Mortgage Loan Funding
- Responsible for all aspects of the loan funding process including but not limited to:
- Maintaining tracking spreadsheets
- Wiring funds
- Issuing checks for external payments and payoffs
- Processing internal payoffs
Consumer Document Prep
- Prepare accurate closing documents for Loan Officers on Consumer Installment Loan Products.
- Create the loan account on the core system.
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Consumer Funding
- Fund all closed Consumer Installment Loan products.
- Mail out payoffs as applicable.
- Process internal payoffs.
- Follow-up on any loans cancelled to ensure accurate processing by underwriting and closing any accounts out that are not funded.
Augustine Financial Services
- Assist Augustine Financial Services in post-closing service, escrow processing, and paid loan processing.
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Other Duties as Assigned
- Assist all areas of the loan department as necessary.
- Maintain a working knowledge of all lending products, regulations, laws, and rates within the credit union and the industry.
- All other duties as assigned.
- This job description is subject to change at any time.