Real Estate Loan Closer-Funder - Yolo Federal Credit Union Skip to main content
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Yolo FCU Mobile

Finance

Free - On the App Store

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Yolo FCU Mobile

Finance

Free - On the App Store

What’s better than purchasing a new home? Helping others move into the home of their dreams of course! That is exactly what you can do with Yolo County’s #1 Best Mortgage Company. Yolo Federal Credit Union is currently hiring for a Real Estate Loan Closer-Funder. If you have a passion for real estate and making a difference in people’s lives, then we may be a good fit for each other.

Essential Duties and Responsibilities include:

  • Review loan closing requests for completeness, following up with originators, processors, title company, etc. to clear needed conditions and obtain appropriate documentation.
  • Pre-audit files for consistency and adequacy including approval with lending authority, rate lock, appraisal, preliminary title report, hazard insurance, mortgage insurance, program guidelines, and lenders charges or credits.
  • Update and/or verify final fees as prior to preparing closing disclosure documents.
  • Ensure impound amounts are set up correctly if impounds have been requested/required for the loan.
  • Order hazard, flood, and/or PMI insurance on purchase transactions as appropriate prior to loan closing.
  • Prepare closing document package and deliver to appropriate signing employee/agent while ensuring compliance with applicable regulations and guidelines.
  • Coordinate loan signing with all parties including originator, member, title company, etc.
  • Analyze and audit completed closing package for compliance and completeness prior to funding.
  • Accurately prepare recording package while ensuring close of escrow timelines are met.
  • Confirm recording and accurately fund loans including all disbursements while ensuring GLs and accounts are in balance.
  • Accurately deliver loans to the secondary market in a compliant and timely manner while ensuring rate lock commitment has not expired.
  • Perform post-closing audit to ensure all closing and funding tasks are complete.
  • Order tax service and submit insurance coverage requests as part of the post-closing process.
  • Effectively utilizes CRM and Mortgage Office to document member interactions, track sales referrals and service requests, and responds to all internal and external inquiries as appropriate.
  • Prepare management and investor reports as needed.
  • Prepare mortgage reconveyances, subordinations, modifications and payoff quotes as needed.
  • Ensure closing and delivery timelines are met.
  • Notify Accounting of upcoming loan funding’s daily to ensure funds are on hand for disbursements.
  • Execute 4506T tax transcript requests in a timely manner.
  • Maintain current knowledge and understanding of regulatory and legislative changes related to mortgage loan delivery.
  • Provide backup and training to other real estate department staff as required.

Education and Experience

High school diploma or general education degree (GED); or equivalent training or experience. Previous experience that would normally be acquired through a minimum of one year of mortgage loan closing-funding. Completion of credit union orientation and at least 4 weeks on-the-job training. Requires a broad knowledge of Credit Union policies and procedures. Ability to work well under the stress of time deadlines.

To apply, please send your resume with the job title in the subject line to careers@yolofcu.org or click “Apply Now.”

Apply now

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