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Mortgage Funder

Company: Bay Federal Credit Union
Location: Capitola
Posted on: November 18, 2021

Job Description:

The Mortgage Funder assists and supports the Loan Operations Department in the day-to-day activities of loan closing with the boarding and funding mortgage Loans, creating new memberships in the system, document package review and auditing, archiving and quality control functions on all mortgage loans.ESSENTIAL DUTIES AND REPSONSIBILITIES include the following. Other duties may be assigned.1. Promotes and maintains a positive image of Bay Federal at all times to all personnel, members, volunteers, vendors and the community.2. Updates and validates the accuracy of all data within the originating and funding system within specified time frames.3. Prior to loan funding, reviews and clears conditions according to specified guidelines within established service level agreements.4. Conducts regular follow-up with vendors to ensure timely receipt of outstanding conditions and/or information to achieve closing service level agreements.5. Expedites the loan process by providing Loan Officers and vendors with current loan status and information relevant to the transaction.6. Ensures accuracy in boarding mortgage loans in core banking system and ensuring wires are submitted to the Fed within specified time frames.7. Prepares loan packages for delivery to investors.8. Ensures that files are complete so funded Mortgage Loan documents can be archived.9. Tracks, audits and archives all trailing documents for closed Mortgage Loan files.10. Assists in the preparation of HMDA reporting process..11. Responsible for document imaging and system update of all mortgage loan documents.12. Ensures the receipt of all recorded DOT?s to file with original mortgage note.13. Ensures the receipt of share certificates on Co-ops and follows up within specified time frames.14. Works closely with Senior Mortgage Funder and AVP, Mortgage Lending to track the Mortgage In/Out GL as well as other GL?s, and ensures monthly balancing of these GL accounts.15. Promotes teamwork to assist department in completing assignments in a collaborative manner and achieving standards for excellent member service. Responds appropriately to member and vendor concerns.16. Takes the initiative to provide dependable, accurate, friendly and reliable service to internal as well as external vendors, customers and members.17. Investigates and responds to member concerns or problems in a timely manner by interaction with various departments.18. Participates in team and other meetings for the purpose of training, discussion and process improvement.19. Responsible for being knowledgeable and well versed in all Credit Union products and services.20. Adheres to department policies, procedures and activities in execution of the position?s responsibilities.21. Performs other duties as assigned including but not limited to special projects requiring extensive knowledge of Credit Union and department operations, policies and procedures and Safety/Compliance.22. Assists in the obtaining and tracking of insurance for second mortgages.QUALIFICATIONS:To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.LANGUAGE SKILLS:

  • Ability to read and interpret documents such as Policy and Procedure documents, safety rules, operating and maintenance instructions, and procedure manuals.
  • Ability to discern and follow specific loan underwriting guidelines and processes.
  • Ability to write routine reports and correspondence.
  • Excellent verbal and written communication skills.
  • Bilingual (English/Spanish) a plus.MATHEMATICAL SKILLS:
    • Intermediate math skills, including an ability to calculate interest, percentages, balance accounts, ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
    • Ability to create and interpret graphs, as well as analyze and summarize large data files.PHYSICAL SKILLS:
      • While performing the duties of this job, the employee is regularly required to stand, talk or hear.
      • The employee frequently is required to walk; sit; use hands and reach with hands and arms.
      • Must have the manual dexterity to skillfully operate a computer keyboard and other standard office equipment, such as facsimile and telephone.
      • The employee must occasionally lift and/or move up to 30 pounds.
      • Corrected vision in normal range.EDUCATION AND/OR EXPERIENCE:
        • High school diploma or equivalent is required.
        • Bachelor?s degree in Business or Finance is preferred.
        • A minimum of 2 years of prior experience in mortgage lending.
        • Knowledge of all Federal and State Lending Laws and Regulations relating to mortgage lending.OTHER SKILLS:
          • High proficiency in Microsoft Office software programs, including Word, Excel, Outlook, and Power Point; Internet navigation skills.
          • Ability to communicate clearly and effectively, both verbally and in writing, while working with customers (internal and/or external, as appropriate) to ensure complete understanding and comprehension of the intent and content of the communication.
          • Ability to manage multiple priorities and meet deadlines in a fast-paced, high volume work environment.Important Disclaimer Notice:The job duties, elements, responsibilities, skills, functions, experience, educational factors and the requirements and conditions listed in this job description are representative only and not exhaustive of the tasks that an employee may be required to perform. Bay Federal Credit Union reserves the right to revise this job description at any time and to require employees to perform other tasks as circumstances or conditions of its business, competitive considerations, or work environment change.

Keywords: Bay Federal Credit Union, Mountain View , Mortgage Funder, Accounting, Auditing , Capitola, California

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