First Mortgage Post Closer
First Mortgage Post CloserCityAlexandriaState/TerritoryVirginiaAdded to system12/19/16 12:00 PMApply Now First Mortgage Post Closer SummaryPenFed is hiring a Frist Mortgage Post Closer in Alexandria, VA. The incumbent ensures that all post-closing issues are satisfactorily completed. Prepares loan files to go to Mortgage Servicing and coordinates the general flow of all closed loans. Ensures the proper routing and imaging of legal documents. Submits loans to VA for guaranty in a timely manner, ensuring accuracy of all contents. Processes and files all incoming recorded Deed of Trusts/Mortgages and Final Title Policies. Incumbents of this position acts as a mortgage loan originator (MLO) as defined in the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). Essential Functions -- Ensures that all closed loan packages are received from closing agents in a timely manner. Reviews all closing documents for accuracy and compliance with program parameters. Reviews package to make sure closing agents followed all closing instructions. Ensures all loans closed are salable on the secondary market and assists in the delivery of the loan documents. Responsible for obtaining any missing documents, and arranges for errors to be corrected in a timely manner. Coordinates with members when document(s) need signatures or corrections.Maintains weekly contact with title companies and attorney offices to follow up on closed packages, recorded security instruments and final title policies. Responsible for timely and accurately updating PENFED s automated system (UNIFI) to enable proper reports to be generated.Records and files all incoming security instruments and final title policies in the UNIFI loan audit screens. Coordinates the imaging of the complete legal files.Makes certain that legal files are sent and received by Loan Document Custodian. Submits closed VA loans to the Department of Veterans Affairs for guaranty and submits payment information for the VA funding fee using the VA online system. . Serves as primary support to PENFED Operations employees in answering inquiries and providing information on closed loans. Gathers and prepares documentation required for FNMA and VA audits for final review.Assist the Equity post-closing department with the follow up and corrections of legal documents as necessary. Assists with maintaining PenFed s compliance with all applicable federal, state and local laws, regulations and ordinances by abiding by PenFed compliance program and all policies, procedures, rules and regulations. Education and Experience Equivalent combination of education and experience is considered.Associates degree in related field or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions. Minimum of two years experience processing mortgage loans is required. Experience should include processing and closing. Knowledge of PenFed mortgage loan products and online systems preferred. Thorough knowledge of federal, multi-state and investor mortgage policies and regulations is required. Strong mathematical, oral and written communication skills required.Excellent follow-up skills and attention to detail required.Note: If an employee is in a bilingual position, their responsibilities will cover both English and Spanish speaking assignments related to the job duties listed in this job description. They must also speak fluent Spanish and may be required to pass a Spanish language proficiency test. Supervisory ResponsibilityThis position will not supervise employees. Licenses and Certifications There are no additional certifications required. Work EnvironmentWhile performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.TravelLimited travel to various worksites is required. Physical DemandsThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.While performing the duties of this job, the employee is required to meet the following physical demands:Physical DemandNoneSeldomOccasionallyFrequentlyReading XWriting XSitting XStanding X Walking X Bending, Stretching or Reaching X Driving X Talking on the phone, person-to-person & in group XHearing on the phone, person-to-person & in group XVision for near, mid-range, far, peripheral, depth and color XUse of computer XUse of telephone XUse of office equipment XPushing/pulling/lifting/ carrying from 5 to 50 lbs. X About UsFounded in 1935, and still growing, we began as the War Department Federal Credit Union. Today, PenFed is one of the country s strongest and most stable financial institutions with over 1.5 million members and over $21 billion in assets. We serve members in all 50 states and the District of Columbia, as well as on military bases in Guam, Puerto Rico and Okinawa. Our mission isn t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality.We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment Opportunity PenFed will maintain and observe personnel policies which will prohibit discrimination or harassment against a person because of race, color, creed, age, sex, gender, religion, national origin, ancestry, genetic information, military or veteran status or obligation, the presence of a physical and/or mental disability and all other statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 703-838-1568.