Post-Closing Specialist at SERVION INC – New Brighton, Minnesota

The primary responsibility of a Post-Closing Specialist is accurate and timely processing of post-closing files. This involves quality control and customer reporting with extensive administrative and member service work.

ESSENTIAL RESPONSIBILITIES & DUTIES:

Entry Level

• 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.

Intermediate - Level II

• Must be able to perform all responsibilities and functions listed for Level I with a high degree of independence
• Greater understanding of the implications for loan defects and what is needed to satisfy the requirement.
• Demonstrated initiative to resolve loan defects and clarify acceptable documentation for outstanding conditions.
• Increased capacity to consistently review an average of 8 loans per day while maintaining a high standard of quality and remediating outstanding loan defects.
• Independent review of FHA, VA and USDA loans with basic understanding of required loan guidelines and acceptable documentation.
• Submit and obtain loan insurance or guaranty from FHA, VA or USDA within 60 days of closing.

Senior - Level III

• Must be able to perform all responsibilities and functions listed for Levels I & II with a high degree of independence
• Demonstrated ability to communicate and clarify complex information in a clear and concise manner with internal and external parties.
• Advanced understanding of FHA, VA, USDA, and conventional loan guidelines
• Advanced understanding of the implications for loan defects and advise on what is needed to satisfy the requirement.
• Increased capacity to review 10+ loans per day while maintaining a high standard of quality and remediating outstanding loan defects.

ESSENTIAL DUTIES, 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.

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