Post Closing Specialist

At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment. 

SUMMARY OF THE JOB:

Reporting to the Secondary Market Manager, the incumbent is responsible for the successful delivery of loans to the secondary market within certain time frames and commitment dollar amounts as stated in the commitment agreement; perform closed loan audits of conventional, government and correspondent loans and manage documents within a paperless environment. In addition, the incumbent will assist with processing for interest rate changes for mortgage and consumer loans.

ESSENTIAL FUNCTIONS:

• Prepares loans and reviews files for salability, ensuring that the loans meet investor requirements.
• Schedules deliveries within commitment deadline and allows time to correct any errors, 

        replacements.

• Prepares and manages the delivery of all pertinent documents to document custodian.
• Follow up on any/all delivery problems, including research and resolution, clearing up all problems.

        ensuring complete funding and no monetary penalties.

• Ensures that all investor shipping software is current and tests for data integrity.
• Performs post-closing audits of loan files received from attorneys after closing and inputs data.

        In LOS.

• Follows up on outstanding closing documents from closing attorneys. This includes research

and resolution of auditing issues within specified time frames to avoid repurchase or monetary penalties by ensuring files comply with internal and external procedures/regulations.

• Scan, upload and index documents within the LOS Image Center
• Maintains effective working relationships with internal and external contacts including customers, attorneys, appraisers, investors, and internal stakeholders
• Assists with all rate changes for mortgage and consumer rate products and distributes to all.

• Make recommendations regarding the workflow process. 
• Ensure compliance with secondary market regulations and company protocols.

• Work with internal stakeholders to make informed recommendations.

MINIMUM REQUIREMENTS:

• Two to Four years’ experience in post-closing, loan auditing, loan shipping or closing area.
• Product knowledge to include all types of mortgage loans. Ability to effectively navigate through the Loan Origination System and related programs including Microsoft products. 
• Knowledge of Fannie/Freddie requirements, correspondent investor guidelines and procedures, and knowledge of state agency programs like CT Housing Finance Authority and MA Housing.
• Ensures adherence to and knowledge of applicable bank policies, state and federal regulations including but not limited to TRID, Fair Lending, RESPA, and HMDA.
• Ability to prioritize workload, work independently and effectively meet critical deadlines. 
• Strong analytical skills and familiarity with state/federal compliance guidelines.

PHYSICAL REQUIREMENTS:

• General Office Equipment

• Keyboard Dexterity
• Prolonged Sitting

COMPLIANCE:

Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train, and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.

Liberty Bank is an Equal Opportunity employer.  It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.