Mortgage Loan Closer / Funder

Orange County's Credit Union; Santa Ana (CA); Hybrid; USD 34,440 - 38,572; Full time

Benefits offered by this job

Health insurance covering 100% of monthly premium

Life insurance at no cost

401(k) with employer contributions

Vacation and sick leave

Annual performance bonuses

Professional development programs

Job summary

A leading financial institution is seeking a Mortgage Loan Closer / Funder in Santa Ana, California. The role involves ensuring accurate loan closings, coordinating with clients and escrow, and requires three to five years of experience in mortgage funding. Candidates should have effective communication skills and knowledge of mortgage regulations. This hybrid position offers competitive pay and comprehensive benefits.

Qualifications

• Three to five years funding first and second lien mortgage loans.
• Knowledge of state and federal mortgage regulations.
• Must have personal computer skills.

Responsibilities

• Review loan information for accuracy.
• Prepare accurate closing documents.
• Communicate with members and escrow vendors.
• Coordinate loan funding processes.

Skills

Effective communication skills

Knowledge of mortgage regulations

Intermediate Microsoft programs proficiency

Education

High school education or equivalent

Job description

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Orange County's Credit Union provided pay range

This range is provided by Orange County's Credit Union. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$25.00/hr - $28.00/hr

Additional compensation types

Annual Bonus

This hybrid in-office/remote role provides production incentive bonuses!

CREDIT UNION’S PURPOSE: Simple Banking. For People, Not Profit.

CREDIT UNION’S CORE VALUES: Integrity, Service Excellence, Growth & Development, High Performance, Mutual Respect, Community, and Fun

Workplace Excellence. Through our associates' opinions and voices, Orange County's Credit Union is a proud recipient of the Peter Barron Stark Best of the Best Award for highest associate satisfaction in the workplace! As a leading financial service provider with over 80 years of experience serving 123,000+ members, Orange County's Credit Union is currently $2+ billion in assets & growing.

POSITION SUMMARY

Under general supervision, the Closer-Funder is responsible for timely, accurate and efficient home loan closing process. The Closer-Funder draws documents meeting Credit Union, investor and regulatory compliance requirements for all home loan types. The Closer-Funder coordinates with settlement agents, members, notaries, and all applicable parties for a successful closing. The Closer-Funder reviews executed loan documents for signatures, notarization, completeness, consistency and data integrity. The Closer-Funder obtains and clears prior to funding conditions, prepares and requests wires, funds and confirms loan has been launched to servicing system accurately. The Closer-Funder maintains loan files. The Closer-Funder maintains funding pipeline by tracking expiration dates, compliance and funding timeframes. The Closer-Funder coordinates activities, and keeps all parties informed. Maintains appropriate electronic tracking.

ESSENTIAL DUTIES

• Review all information within the Loan Origination System required for accuracy to create loan documents.
• Prepare and deliver complete and accurate closing documents meeting all applicable guidelines in a secure manner to the appropriate escrow vendors.
• Check all executed loan documents for correctness and accuracy ensuring all conditions are met and imaged accordingly prior to funding.
• Responsible for communicating with mortgage loan processors, existing and prospective members and escrow vendors as needed to collect outstanding conditions, making sure they meet all applicable guidelines.
• Coordinating and confirming with escrow that the loan is ready to fund.
• Funding loan, wire necessary funds, updating loan origination system and notifying escrow with funding figures within the required time frame.

QUALIFICATIONS

Experience/ Training/ Education:

• High school education or equivalent.
• Three to Five years funding First and Second Lien Position Mortgage Loans, in a fast-paced environment, which would provide a thorough knowledge of modern office practices and procedures.
• Knowledge of state and federal regulations as they relate to residential mortgage/home loan applications, credit union rules, regulations, and policies.
• Effective communication skills both verbally and in writing and excellent telephone manner.
• Must have personal computer skills and be proficient with Microsoft programs at an intermediate skill level.

BENEFITS

• Anthem Vivity HMO & Delta Care USA Dental – covers 100% of the associate's monthly premium
• Life insurance at no cost to employee.
• 401(k) – OCCU automatically contributes 3% of the employee’s earnings plus matches up to 5% of the employee’s contribution (dollar for dollar)
• Vacation hours – 13 days per year and rolls over year to year, and increases with tenure
• Sick hours – 7 days per year and rolls over year to year
• Paid Holidays – 12 days per year plus 3 partial days
• Annual performance merit increases
• Professional and personal development programs, including educational grants up to $2k per year, and step progression opportunities
• Annual discretionary bonus
• Professional, friendly work environment focused on achieving goals, recognizing successes, and excelling at member service.

The targeted hourly rate range is $25.00 to $28.00 plus team production bonuses. Final offer will be determined based on experience, education, training/certifications and specialized skills.

We perform thorough background checks, credit checks and pre-employment drug screening. EOE