Post Closing Specialist

Summary: 

The primary responsibility of a Post-Closing Coordinator is auditing, organizing, and ensuring the compliance of residential loan files after the closing table. Including but not limited to an audit of signed closing documents, collection of any missing trailing documents (like final recorded mortgages or title policies), and preparation of a clean loan package for sale to investors or government agencies.

KEY PERFORMANCE MEASURES:· 
Entry Level:

1. Review an average of 5 loans per day while maintaining a high standard of quality and remediating outstanding loan defects.
2. Zero error rate when reviewing files for purchase in the secondary market
3. Clear loan conditions in maximum of 2 business days.

Intermediate Level II:

1. Review an average of 8 loans per day while maintaining a high standard of quality and remediating outstanding loan defects.
2. Zero error rate when reviewing files for purchase in the secondary market
3. Clear loan conditions in maximum of 2 business days· 

Senior Level III:

1. Review 10+ loans per day while maintaining a high standard of quality and remediating outstanding loan defects
2. Zero error rate when reviewing files for purchase in the secondary market
3. Clear loan conditions in maximum of 2 business days 

ESSENTIAL RESPONSIBILITIES & DUTIES: 

• Review loan documentation for accuracy and compliance by completing post-closing checklist and maintaining an average of 5 loans reviewed per day.
• Verify outstanding underwriting conditions have been met to ensure salability of the loan
• Review Loan Estimate(s) and Closing Disclosure(s) to ensure fees for lender and title services are within TRID guidelines.
• Issue post-closing conditions for loan defects and contact appropriate party for documentation needed.
• Act as liaison between appropriate parties to resolve and follow-up on outstanding post-closing conditions to ensure the loan meets investor requirements prior to delivery.

ESSENTIAL KNOWLEDGE, SKILLS, ABILITIES:

• A basic understanding of conventional loan guidelines including but not limited to TRID disclosure and timing requirements.
• A basic understanding of FHA, VA and USDA loan guidelines.
• Previous experience working with a paperless LOS such as Encompass 
• Verify any increased fees are associated with a valid change in circumstance and are properly documented in the file. 
• Process upfront premium and funding fee payments through payment processing system

COMPENSATION: $21.12 - $25.27 per hour plus bonus

Servion has provided a salary range that represents its good faith estimate of what the company may pay for the position at the time of posting. The specific salary offered will be determined based on factors such as the qualifications of the selected candidate, departmental budget, internal salary equity considerations, and available market information.

General Description of Benefits:
All full-time employees are eligible for Medical Insurance, Telehealth Services, Dental Insurance, Vision Insurance, Life Insurance, Short-term Disability, Long-term Disability, Legal and Identity Theft Protection, Critical Illness Insurance, Hospital Insurance, Accident Insurance, Participation in 401k Plan with up to 5% company match, and Variable Bonus Pay.

PREFERRED QUALIFICATIONS:

• Education High School Diploma; 2 or 4-year degree in a business-related field preferred.
• Experience: 

1. Entry level Generally 1-2 years of related mortgage experience with positive member relations or relative combination of education and experience;  
2. Intermediate level 2-5 years of post-closing experience and the ability to perform all the essential responsibilities and duties listed for entry level. 
3. Senior level 5+ years previous post-closing experience and the ability to perform all the essential responsibilities and duties listed for entry and intermediate level.

• Licenses/Certifications: none