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Mortgage Loan Post Closer

North Liberty, IA

Job Information:

University of Iowa Community Credit Union

Position Summary:

Come work at the financial institution that
was recently honored as a top workplace in the state and has been
consistently recognized as one of the top credit unions in the
nation for returning profits to members! Due to continued market
growth the University of Iowa Community Credit Union is currently
seeking qualified applicants to fill an opening for the position of
Mortgage Loan Post Closer at the UICCU Financial Center in North

The Mortgage Loan Post Closer is a position
requiring a steady, accurate, and analytical worker who wants to do
things right every time. As a Mortgage Loan Post Closer you will be
accountable for the accuracy and completeness of all mortgage loan
documentation, file maintenance, and scanning. Come be a part of
our stable and respected team. We will value your good work and
your loyal, consistent attitude and will show this by providing
competent management and good benefits.

This full-time, non-exempt position
requires a minimum of 40 hours/week. Monday - Friday 8:00 a.m.
– 5:00 p.m. Loan volume often dictates additional work hours,
which are necessary to meet critical deadlines and member demands.
As such, the ability and availability to work flexible hours to
accomplish workloads is a must. The UICCU offers an outstanding
benefits package that includes: 401(k) plan with generous match
feature; health, dental, life and disability coverage; as well as a
generous paid time off program.

Base wage range for the position is $14.07
to $21.10 per hour, plus an additional incentive opportunity!

Job ID 2017-1605
Location US-IA-North Liberty
Category Mortgage

Equal Opportunity Employment Statement:

The UICCU is an EEO/AA Employer. M/F/Veteran/Disability. We strongly encourage minorities, veterans, and individuals with disabilities to apply for openings with the credit union.

Essential Duties and Responsibilities:

Performs essential duties and responsibilities in the following areas which may include, but are not limited to those listed and are subject to change.

  1. Adheres to the Credit Union's core values in serving with
    truth, trust, mentoring, openness, risk-taking, communication,
    giving credit, integrity, caring and respect in carrying out the
    UICCU's mission and vision.

  2. Demonstrates a positive member service (internal and external)
    focus at all times. Consistent usage of the members name during
    contact and always thanking them for their business.

  3. Demonstrates a high level of customer service with all
    secondary market vendors, including but not limited to weekly check
    in calls with vendors.

  4. Demonstrates teamwork in all interactions with coworkers and in
    the completion of all duties and responsibilities.

  5. Plays a vital role in enriching the community by participating
    in community service organizations and/or Credit Union sponsored
    events on an annual basis.

  6. Ensures confidentiality of member information.

  7. Interacts with various lending teams to ensure all necessary
    documents are included in the file to be sent to secondary market
    including any conditions required by AUS or UICCU underwriter.

  8. Assumes an "audit" function for files prior to shipping the
    file to the secondary market. Ensures all necessary documents are
    complete and included in all files before completing the file as
    required by UICCU underwriter.

  9. Uploads all files to secondary market vendors by investors lock
    date to ensure prompt delivery and reduction of roll fees and
    extension fees.

  10. Delivers insurance letters to change the mortgagee clause for
    secondary market files.

  11. Delivers the Corelogic flood determination transfer letter to
    certain investors.

  12. Maintains accuracy of Warranty Deed, Ground Water Hazard
    Statement, Declaration of Value, Mortgage and any additional
    documents that are to be recorded Uploads documentation for
    recording to the appropriate County Recorder in a timely manner to
    ensure UICCU maintains their first lien position..

  13. Orders final title commitment (901s) and follows up after
    closing to ensure prompt delivery of Title Guaranty to reduce final
    documentation fees from secondary market investors.

  14. Sends final documentation to secondary market after Title
    Guaranty is received and mails out abstracts to appropriate

  15. Delivers notes to investors in a timely manner to prevent roll

  16. Manages and is responsible for the he suspension and funding
    reports on a daily basis. Uploads all necessary documents to
    investor to prevent delay and any roll fees with investor.

  17. Balances the secondary market funding when a loan is sold to
    ensure accurate postings by both vendor and MLA.

  18. Registers all secondary market loans with MERS in a timely
    manner to ensure accuracy of lien position and to prevent delays in
    the loans being purchased.

  19. Activates and pays PMI in a timely manner on loans that require

  20. Ensures receipt of first payments for required secondary market
    loans through mailings and other forms of member contact.

  21. Verifies accuracy and completeness of mortgage loan data entry
    on core system for piggyback second mortgages.

  22. Follows up on any missing documentation in mortgage file.

  23. Scans and indexes all closed in-house mortgage loan file

  24. Creates a permanent file for all files to retain documents such
    as the original Note and Mortgage. Files all in-house mortgage
    files by numerical sequence. Performs additional miscellaneous
    filing as necessary.

  25. Ensures neatness and organization of loan file/document

  26. Tracks mortgage loan file/document retention. Coordinates
    shredding and disposal of mortgage loan files/documentation when
    the file/documentation are no longer required to be retained.

  27. Works directly with members and loan officer for the
    coordination of all loan advances and reimbursements on
    construction loans.

  28. Manages construction loan portal on UICCU Mortgage

  29. Manages monthly mailings to vendors to collect any missing lien
    waivers and documents accordingly to avoid liens to obtain final
    title policy.

  30. Manages monthly mailings to vendors to collect any missing
    W-9's to adhere to IRS guidelines and policies.

  31. Orders Verafin/OFAC on vendors for requests over

  32. Communicates directly with members and the loan officer to
    obtain and manage construction loan extension requests.

  33. Creates and sends construction loan extension documentation to
    members to avoid loan maturing and extend the loans as
    documentation is received back.

  34. Assists in year-end verification of HMDA reporting and
    1098/1099 statements.

Job Requirements/Expectations:

  1. Reports to work punctually, works all scheduled hours, and
    works overtime as necessitated by business demand.

  2. Interpersonal skills to represent the Credit Union in a
    positive way during member contact.

  3. Interpersonal skills necessary to gather data from a number of
    sources and to represent positively the Credit Union during such

  4. Ability to provide quality service to members by phone or in

  5. Ability to develop and maintain effective working relationships
    with co-workers.

  6. Ability to prioritize assignments and organize work
    efficiently, to handle large volumes of details.

  7. Ability to operate related computer applications, an on-line
    terminal and other standard office equipment such as a calculator
    and typewriter.

  8. Accuracy and attention to detail required.

  9. Lending policies and Real Estate knowledge helpful.

  10. High school diploma or equivalent (i.e. GED.) with six months
    to one year previous related work experience or post secondary
    degree in Business, Mathematical Science, or other related

  11. Must be bondable.

Reporting Relationship:

Reports to Mortgage Loan Assistant/Post Closing Supervisor.

 Supervisory Responsibilities:

This position is not responsible for the supervision of other employees.

Apply Here:


Posted 07/10/17

Job ID: 61343