Processor Sr

Loan Closer

This position is responsible for preparing closing documents, funding loans in Symitar and shipping closed loans files (i.e., funded loans) to Secondary Market Investors, loans sold with servicing retained by HFCU to a third party sub-servicer, or loans retained for portfolio to the Credit Union's file room.

Key Accountabilities

Draw loan documents; verify legal description, vesting, loan amount, loan type, interest rate, and points / costs. Deliver Closing Disclosure to borrowers within TRID guidelines

Schedule loan closing with closing agents. Communicate closing date, loan terms, and payoff requests with loan stakeholders. Deliver documents to closing agent, complete the wire, and deliver funding stipulations 1 business day prior to close

Confirm loan documents are properly executed. Process loan on core system and disburse funds as required. Contact closing agent to correct any problems with loan documentation. Deliver completed loan to secondary market investor, servicer, or file appropriately within HFCU policies

Communicates closely and effectively with MLOs, Processor, Members and Closing Agents

Ongoing education and training

Qualifications, Experience, and Skills

High School Diploma or General Education Degree

Understanding of TRID Regulations

Two years of related experience processing loans and / or relevant training

Working knowledge of State and Federal lending regulation

Working knowledge of Secondary Market Guidelines

Computer skills : Knowledge of Microsoft Office Suite, Loan Origination systems, and Automated Underwriting systems

Honda is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other protected factor.