Mortgage Loan Post Closer/Funder - #1413949

Why Liberty First Credit Union?

Join the best small company to work for in Lincoln and Omaha! We have 100 employees and 7 locations in the Lincoln, Omaha and Seward areas.

Our associates and members are key to our success as a Credit Union. Our goal is to continually strive to make LFCU a great place to work by providing meaningful work, career development, and professional development opportunities. Our benefits and associate programs are some of the most competitive and low-cost to associates amongst Nebraska employers.

General Summary

Position – Post Closer/Funder Job Duties

Coordinates the approval, closing, and servicing function of all mortgage loan files. Assists with consumer loan closing and funding as it relates to departmental needs.

• Assist with ensuring all underwriting requirements are met for post-closing along with making sure a clear title insurance policy has been obtained with post-closing verification.
• Package closed loan files for sale to secondary market according to their guidelines.
• Book and fund closed mortgage loans.
• Review submitted mortgage files according to agency guidelines.
• Provide denial notices within 30 days of application and assist with government HMDA filings, tracking and reporting
• Prepare in-house mortgage loan payoff quotes.
• Balance all mortgage loan clearing general ledgers and custodial escrow/funding checking accounts daily.
• Track and follow up with stakeholders regarding closed loan documents (final title policies, insurance, and Deeds of Trusts)
• Prepare Deeds of Reconveyance for all paid and refinance loans.
• Assist with auditing loan files post-closing for compliance and future business development.
• Develop and maintain audit and business procedures and checklists.
• Acquire and maintain knowledge to serve as backup in loan servicing/processing areas.
• Provide outstanding service skills for third-party agencies, members and co-workers regarding new, additional, or outstanding documentation required for loan file needs.
• Handle member questions in regard to their mortgage loan.
• Develop a working knowledge of job-related software.
• Develop an understanding of Truth in Lending Act (TRID) and Real Estate Settlement Procedures Act (RESPA) regulatory guidelines and demonstrate compliance.
• Maintain knowledge of all mortgage loan servicing requirements and guidelines to maintain compliance along with changing secondary market guidelines.
  
  

Credit Union Job Duties

• Maintain member confidentiality and working knowledge of credit union policies and procedures.
• Develop a working knowledge of the core financial system, loan processing system and departmental software.
• Acquire and maintain knowledge to serve as backup in loan servicing and other areas of the department.
• Maintain outstanding service skills for vendors, members and co-workers for new, additional or outstanding documentation required for all loan needs.
• Actively support our “sales and service” culture and demonstrate these skills by communicating to members the benefits and features of all our products and services.
• Develop a working knowledge of competitors’ products and services with a continued interest in improving quality services and products for the credit union.
• Complete in-house training and certifications based on required classes set up for this position.
• Follow and exemplify credit union core values and service expectations.
• Assist in any area as directed by management.
  
  

Requirements

• High school diploma with some college preferred
• Some experience in an administrative or clerical position required
• Some experience with a financial institution strongly preferred
• Some related mortgage/title experience preferred
• Knowledge of mortgage lending regulations tied to Conventional, NIFA, FHA, USDA, VA loans preferred
• Professional, well-developed interpersonal skills necessary for servicing members in person or by phone required
• Requires a high degree of accuracy with intermediate mathematical skills (calculations and concepts involving decimals, percentages, fractions, etc.)
• Requires demonstrated problem solving and proper judgement skills to apply broader aspects of established practice to situations which go beyond clear, concise guidelines.
  
  

Work Hours

• Full-time - Hourly
  
  

Wage

• Wage is commensurate with experience and skills - $17.50 - 18.50+ per hour
• This position is eligible for a discretionary gain-share plan payment annually
  
  

Lfcu Benefits And Other Programs

Insurance Benefits

• Medical – LFCU pays 85% of premium, associates pay only 15%
• Dental – Free to associates
• Vision - LFCU pays 50% of premium
• Life and ADD – LFCU pays 100% of premium
• Short-term and Long-term Disability – LFCU pays 100% of premium
• AFLAC Supplemental –Cancer, Critical Care, Accident, Hospital - associate paid
• Flexible Spending Accounts (FSA) – Health Savings and Dependent Care
• Retirement Plan – Discretionary contributions: LFCU contributes 5% of associate earnings to Profit Sharing. LFCU matches 50% up to 5% of associate’s 401(k) contributions.
• Gain Share Plan: Reviewed and approved by the Board annually, this discretionary plan rewards associates when the credit union achieves above average performance. Associates are also rewarded based on their level of performance and contributions to the success of the credit union.
  
  

Paid Leave

• Vacation– 2 weeks/year
• Sick – 2 weeks/year
• Personal Day – 2 days earned after one year
• Holiday Pay – 6 paid holidays/year + 5 additional federal holidays per year. For 1 of the 5, staff are required to attend an all-staff meeting, the remaining 4 may be provided as holiday pay based on LFCU's discretion.
• Funeral Leave
  
  

Additional Programs

• Quarterly all-staff professional development
• Tuition Reimbursement
• Fitness Club Reimbursement
• Free Breakfast on Fridays
• LFCU Apparel – 2 free items annually
  
  

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