Job Description

As a Post Closing Coordinator, you will play a crucial role in swiftly delivering closed loans to Investors. The loans delivered must meet investor guidelines at first pass as a result of your ability to integrate package requirements from various stakeholders including Tomo team members and third parties (e.g. settlement agents, MERS, warehouse banks, interim servicing etc.).

You will: 

• Review and verify closed loan packages to ensure that the loans are accurate, complete and compliant and in alignment with industry guidelines
• Deliver appropriate post close paperwork to warehouse lending partners
• Communicate with and task Mortgage Loan Officers, Processors, Closers, Settlement Agents and other counter-parties to obtain missing information and documentation for the closed loan package prior to investor delivery
• Responsible to communicate effectively with Loan Officers, Processor’s and Closers when tasked to contact the Customer in relation to identified suspense items
• Swiftly resolve any suspense items identified by the investor
• Stack and image loan packages to industry and investor standards
• Meet shipping expiration deadlines; coordinate with Secondary Marketing if an expiration date cannot be met prior to commitment expiration date
• Register/transfer mortgages in the MERS system
• Run UCDs
• Review and reconciliation of purchase advice details in Tomo systems
• Manage a pipeline to get collaterals from title to deliver to warehouse banks
• Collect analytics and data on (1) prior to delivery lender suspense items and (2) post delivery investor suspense items
• Contribute to continuous improvement of the current post-closing process and ability to identify patterns and processes that may improve upstream business practices
• Ensure files are compliant and regulator review/exam ready before archiving the file
• Ensure any initial payments are collected on the loan when a payment is due in advance of investor loan purchase and subsequent servicing transfer
• Generate Loan Boarding and Transfer reports from LOS and upload to Willow system for “Welcome and “Good-bye" letters

You’ll need:

• High School diploma or equivalency degree
• 2 years of related experience
• Experience with high volume data entry/validation
• Knowledge of mortgage banking industry and loan delivery concepts
• Understanding of investor, agency, state and federal requirements for loan delivery
• Demonstrated skill in monitoring and overseeing loan production pipeline
• Demonstrated experience researching information, problem solving, and making solid business decisions
• Experience working in a fast paced and changing environment
• Experience reporting, analyzing, interpreting, and critical thinking
• Experience of fostering relationships within Tomo and with 3rd Parties
• Strong attention to detail, written and oral communication, multi-tasking, and working in a team atmosphere adhering to deadline
• Ability to work from the local office in Seattle, WA

You might also have: 

• Bachelor’s degree