Overview
Loan Closing Coordinator II Jobs in Napa, USA at Redwood-Credit-Union
Redwood Credit Union is seeking a Loan Closing Coordinator II to support the lending department in the closing and funding processes, focusing on Mortgage Lending. The role involves creating and reviewing loan closing documents, ensuring compliance with regulations, and training junior team members.
Key Responsibilities Closing Document Creation and Loan Funding
- Responsible for the creation and remittance of loan closing documents for the closing agent (Title Company).
- Ensure additional and supplemental documents are correctly sent to closing, including those required by underwriting stipulations.
- Review all loan documents for completeness and accuracy.
- Research and follow-through on escalated and complex inquiries from interested parties.
- Assist in the preparation of written procedures and training manuals for closing document creation and funding.
- Validate and correct loan compliance errors.
- Utilize a strong working knowledge of TRID regulations related to the Loan Estimate, Closing Disclosure, and property timing requirements.
- Ensure quality and compliance of work with RCU policies, procedures, and investor guidelines including those of Fannie Mae.
- Maintain knowledge of policy changes that affect the loan closing and funding process.
- Conduct thorough review of executed loan documents to maintain compliance with federal, state, and local laws.
- Review executed loan documents and validate correct signatures, notary information, title reports, and compliance with the lender’s escrow instructions.
- Facilitate and validate the completion of all loan stipulations that are to be obtained “at closing,” “pre‑funding,” and/or “post‑funding.”
- Apply understanding of fee tolerance requirements and resolve violations.
- Review and approve the Closing Disclosure document with the settlement statement to ensure accuracy of fee credits, buyer charged fees, escrow impounds, and other fees.
- Initiate wire transfer instructions and accurately reconcile loan proceeds according to the closing disclosure and settlement statement.
- Responsible for facilitating correct remittance of loan proceeds to closing agents.
- Input funding information into the loan origination system and export data to create accurate loan tracking records.
- Follow up with post‑closing issues that may arise.
- Provide support to stack loan documents and deliver to end investors as required.
Lending Operations Support
- Assist management with implementation of audit and compliance changes from new or amended regulations.
- Back up lending phone queue(s) and duties as needed.
- Handle advanced and complex member and/or interested‑party inquiries regarding loans originated in supported lending departments.
Minimum Qualifications
- Solid knowledge of mortgage lending guidelines and regulations.
- Clear understanding of RESPA and TRID regulation requirements.
- Knowledge of internet‑based loan origination software; preferred experience on Accenture Mortgage Cadence or Episys Symitar platforms.
- Proficiency with investor guidelines (Fannie Mae preferred) and compliance requirements.
- Ability to work in a high‑paced environment with self‑driven initiative to prioritize multiple tasks.
- Strong attention to detail.
- Detailed knowledge of conventional residential loan closing documents.
- Ability to accurately read and comprehend home loan credit documents including Desktop Underwriter, Uniform Residential Loan Application (1003), and underwriting stipulations.
- Skill in operating personal computers with intranet and internet access.
- Effective verbal and written communication skills.
- Ability to establish and maintain effective working relationships with vendors and credit union team members.
- Ability to act independently and confidentially, using discretion and tact.
- Ability to analyze situations and recommend workable solutions.
- Ability and desire to work in a team environment.
The ideal candidate has a combination of education and experience equivalent to a high‑school diploma with a minimum of three years operational experience in residential lending or closing/funding experience.
Compensation
:
Base starting range: $27.00 to $35.00 hourly, commensurate with experience.
Benefits
- Competitive medical, dental, vision,…
Title: Loan Closing Coordinator II
Company: Redwood-Credit-Union
Location: Napa, USA
Category:
