Mortgage Loan Closer/Funder Job at Valon Mortgage (Phoenix)

Job Description

We are seeking a Mortgage Loan Closer/Funder to take ownership of residential mortgage loan files and fulfill the requirements necessary to ensure the timely and accurate completion of all closing/funding/post-closing activities for loans. This includes reviewing loan files, ensuring compliance with regulatory requirements at initial closing disclosure, preparing documentation for final document preparation, and resolving any issues that arise after loan closing. The role will require the ability to multitask in a fast-paced environment, working in multiple applications. The role will specifically be focused on the review, submission, and delivery of case files to FHA or VA, following up on exceptions cited during HOC underwriting review, and insuring government loans by obligatory deadlines.

Job Responsibility

Prioritize and monitor daily workflows as we pilot our new LOS - Vesta
Review and track all necessary objectives/tasks to update internal and external software programs (e.g., Encompass and/or Vesta) accordingly
Train to become our special matter expert related to all Closer/Funder/Post-Closer role objectives and tasks for initial and COC closing disclosure preparation, final balancing and document preparation, document review, and funding within Vesta
Assist with all related post-closing and backlogged tasks
Collaborate with operations to address and resolve any post-closing investor suspense items, including document discrepancies, missing documents, and/or compliance violations
Be resourceful to overcome loan challenges, rectify issues, and research red flags
Proactively identify and address potential loan challenges or unsaleable/uninsurable loans directly with Management
Ensure all processes comply with the company’s policies and standard operating procedures, investor requirements, state/federal regulations, and insurer/guarantor requirements
Other duties as assigned

Requirements

2+ years of experience with Encompass
Knowledge of state lending laws and regulations
Experience using government sites for VA and FHA
Advanced Google Suite and Microsoft Office skills
Minimum education requirement: High school diploma or GED equivalent required

Nice to have

Experience working with Vesta (Loan Operating System) is a PLUS! Encompass experience is also preferred
Bachelor’s Degree or equivalent related industry experience
Thorough understanding of relevant federal rules and regulations (e.g., RESPA, TILA, ECOA, TRID, CFPB)
Minimum of 4 -6 years of cross-trained experience as a Closer/Funder/Post-Closer/ and/or Government Insuring
Previous experience with relevant technology (e.g., DU, LP, FHA Connection, CATALYST, Investor portals)
Ability to work independently with little or no supervision
Strong written communication skills
Strong problem-solving skills
Demonstrates strong time management skills with the ability to meet deadlines

What we offer

Competitive salary and 401 (k) plan
comprehensive medical, dental, & vision benefits
in-office snacks and drinks, and Bagel Fridays
pre-tax deductions for public transportation, rideshare services, and parking expenses
Company-wide orientation and other learning & development opportunities
17 days paid time off, sick days, and 11 company holidays
12 weeks off for both birthing and non-birthing parents - fully paid

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Mortgage Loan Closer/Funder

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