Mortgage Funding Coordinator
Posted on Mar 21, 2021 by Cardinal Credit Union
Founded in 1953, Cardinal Credit Union is a community chartered credit union serving citizens in Lake, Cuyahoga, Geauga, Ashtabula, Portage, Summit, Mahoning, Trumbull, and Columbiana counties. Our mission is to brighten our member's financial future. The Credit Union National Association (CUNA) recognized Cardinal as one of the 200 Healthiest Credit Unions in the nation. We ve received the Best Places to Work in Ohio award for two consecutive years.
Our competitive benefits package includes: medical, prescription, dental, vision, life, long term disability Insurance, generous 401(k) plan, paid time off and holidays. Employees are offered loan discounts. We offer tuition reimbursement to help foster career development. Plus, considerable and substantive internal training on a myriad of banking subjects, member service, professionalism, and best industry practices. Cardinal employees dwell in a positive coaching culture, grow in a well-developed mentoring environment, and prosper with our generous incentive programs.
Cardinal is seeking an experienced Coordinator with at least 2 years experience to perform the following tasks:
Mortgage Loan Closing, Funding and Sale to Secondary Market:
Provides effective administrative support for mortgage closings. Calculates closing figures and complete closing instructions. Reviews all closing documents for completeness and accuracy including title reports and lock confirmations. Calls members, real estate brokers, and/or title companies to request specified and required documents. Informs members of Credit Union loan policies, services and closing procedures. Reviews and verifies executed closing packages to ensure all documents are sign appropriately and all fees are included with the package. Funds loans within posted turn times and cutoffs. Prepares documentation for sale to investors/secondary market. Receives and disburses investor sale proceeds to appropriate general ledger accounts. Ensures mortgage servicer system is updated appropriately.
Mortgage Loan Processing:
Timely processing of conventional and portfolio mortgage loan applications in compliance with investor and credit union policies and legal requirements. Monitors loans in process to determine any deviation from standard processing time and takes appropriate actions, including notifying the manager, for alternatives to ensure members receive timely service.
Mortgage Loan/Service Department Support:
Assumes responsibility for effectively and efficiently performing mortgage loan support to all mortgage department personnel. These loan support activities include, but are not limited to, the following: answers member questions regarding mortgage loans, payments, balances, and insurance requirements. Counsels members regarding money management and financial matters. Provides follow-up on a consistent basis with originators, borrowers, and agents. Maintains and projects the Credit Union's professional reputation. Maintains the necessary records in the appropriate system to ensure that CCU is compliant with HMDA reporting requirements. Provides support for mortgage servicing activities including, but not limited to, the following: payment processing/reversal; processing of payoff requests; prepare lien releases; disbursements of real estate taxes and homeowner s insurance, yearly escrow analysis, year-end processing, and homeowner s insurance claims.
Establishes and maintains effective and professional business relations, whether written or verbal, with internal and external members, realtor, and building professionals. Coordinates functions with related departments and branches and provides support as needed. Assists loan personnel and serves as a backup as needed. Keeps management informed of area activities and of any significant problems. Attends and participates in meetings and committees as required. Completes required records and reports.
Cardinal Credit Union is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment.
Non-Smoking work environment.