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Funder

Financial Partners Credit Union is looking for an experienced Real Estate Loan Funder for its fast paced Real Estate department. This position is responsible for funding and closing loans in a timely manner in accordance to company and investor requirements. The ideal candidate will review regulatory forms, perform and complete a pre-funding quality control for each file, gather and assemble information and documentation to complete the closing file and ensure pre-documents and funding conditions meet guidelines. Furthermore, the Real Estate Loan Funder will perform post-closing quality control and ensure final documents are received.

  

ESSENTIAL RESPONSIBILITIES:


  • Receive and review any outstanding funding conditions prior to closing.
  • Present issues preventing closing to Management for resolution.
  • Ensure all prior to funding conditions have been met and, when complete, set file up for funding.
  • Complete review of loan file when returned from closing agent to ensure documents were signed correctly
  • Approve HUD-1 prior to funding in accordance with company and investor requirements.
  • Verify rate, lock expiration, discount points and loan fees
  • Review and sign off on executed documents and instructions to escrow/closing table prior to release of funds.
  • Insure all required documentation for Collateral Package is satisfactory prior to sending to warehouse line provider.
  • Follow up on all post-closing and trailing documentation.
  • Post funding, follow up on Final Settlement Statement if not received within 72 hrs.
  • Ensure loan files and post-closing documents are imaged timely/completely.
  • Ensure timely delivery of Collateral to the appropriate department daily (drys – Non Good Funds State) & within 5 days (wets – Good Funds State)
  • Complete Funding/Closing check list and upload to Cadence Virtual Loan Folder.
  • Assist operations management in training and mentoring department Document and Closing Partners by responding to questions or providing clarity.
  • Assist operations management in prioritizing and allocating Document Preparation and Closing workload


 

 

EDUCATION and/or EXPERIENCE: 


  • Associate's degree (A. A.) or equivalent from two-year College or technical school; or six months to one year related experience and/or training; or equivalent combination of education and experience. 
  • Bachelor’s degree preferred. Knowledge of real estate lending compliance and regulations.
  • Ability to evaluate underwriting strategies, prioritize activities and make effective use of resources.
  • Ability to use PC in a windows environment, basic word processing.
  • Basic Business Math and business writing.
  • Knowledge of Fannie Mae program – Desktop Underwriter preferred.


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