This position is responsible for reviewing the documents in the file and putting them in stacking order. Duties include identifying and ensuring the correct documents have been used and completed for the closing.
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
•Ensure the delivery of loan documents to the investors within the time frames established by the investors on the Secondary market.
•Review all loan packages for proper documentation and ensure documents are signed properly.
•Pull and type endorsement clause on notes for whole loan sales.
•Prepare necessary delivery schedules to include: loan schedules, loan submission forms, delivery summary forms and other delivery forms required by the investor.
•Place loan files in stacking order for each investor, copy file and ship to investor.
•Update Baker Hill and prepare checklist, identifying any deficiencies, (missing or corrected documents, etc.), that need to be followed for tracking purposes. Inform proper party to obtain.
•Coordinate efforts with the attorney and title company to obtain documentation needed for loan delivery. Recorded mortgage, final title policy.
•Send assignment to be recorded.
•Complete follow up with counties to ensure receipt of recorded documents.
OTHER JOB FUNCTIONS AND RESPONSIBILITIES:
•Pull the investor’s entire deficiency list at least 2-3 times a week.
•Clear any deficiencies on a daily basis, as you receive them.
•Pull all necessary documents for Freddie/Fannie audits, and follow up as necessary.
•Provide customer service to clients whose loans have been sold, as needed.
•Maintain records for files delivered, following up on funding, to send out goodbye letters.
•Backup for Post Closing Documentation Clerk, and Shipping Clerk.
•Assist in the training of Post Closing Documentation/Shipping Clerks.
•Prepare as needed MIP/FUNDING FEE Premiums.
•Provide backup to Supervisor/Manager in their absence.
•Perform other duties as assigned.
•Basic PC (which includes word processing, spread sheet, and graphics) and calculator skills.
•Keyboard skills of at least 50 wpm.
•Previous knowledge of loan documents.
•Two years as Post Closing Shipping Clerk or a Paralegal degree
•High school diploma required
INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED:
•This person in this position will be expected to perform post closing functions on an average of 200 files monthly. This recommendation assumes a moderate to high level of automation in the working environment.
•Excellent verbal and written communications skills
•Must be self-motivated and also work in a team environment
•Requires a high energy level and strong sense of urgency
•Highly detail-oriented, high levels of energy, and a strong sense of urgency
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this position, the associate is regularly required to sit, use hands to finger, handle, or feel; and talk or hear. The associate frequently is required to stand or walk. The associate is occasionally required to reach with hands and arms. The associate must occasionally lift and/or move 50 pounds. Specific vision abilities required by this position include close vision, and distance vision. The noise level in the work environment is usually moderate.
•Travel between Republic Banking facilities if required for meetings.
•Activities outside the company to stay abreast of new developments, best practices, and statutory and regulatory changes require a flexible work schedule that could include some evening and weekend work.
**The above is intended to describe the general content of and requirements for the performance of this position. It is not construed as an exhaustive statement of duties, responsibilities or requirements.
Republic Bank - 22 months ago
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