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El Segundo, California Full Time Posted: Tuesday, 13 August 2019
 
 
Job Description

GENERAL SUMMARY:

*Please note, the position is located in El Segundo, CA. This is a temporary opportunity.

The Closer is responsible for the completion of the loan closing process. Responsibilities include generating complete and accurate closing documents in a timely manner, preparing compliant Closing Disclosures and other disclosures, performing quality assurance review, providing status information to Settlement Agents and other parties to the transaction, reviewing executed loan document packages, and preparing and initiating wire requests for loan proceeds.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  1. Prepare loan documents ensuring accurate delivery to settlement/closing agents.
  2. Calculate and prepare wire requests for loan proceeds.
  3. Prepare compliant Closing Disclosures in coordination with third party settlement/closing agents.
  4. Review executed loan documents for completeness and compliance.
  5. Perform quality review functions for closing documents to ensure accuracy.
  6. Demonstrate proficiency in standard closing practices.
  7. Demonstrate proficiency in current laws, rules, regulations and/or policies and procedures including TILA-RESPA Integrated Disclosure Rule.
  8. Follow State closing practices and Credit Union policies, procedures and documentation requirements.
  9. Provide customer service to members, real estate agents, builders/developers, Settlement Agents/Title Officers, Mortgage Loan Consultants, Underwriters, Loan Processors to facilitate a prompt, efficient closing of each loan.
  10. Manage individual pipeline to ensure Service Level Agreements (SLAs) are met.
  11. Review and sign-off Prior-to-Funding conditions within signing authority.
  12. Follow up with Settlement Agent/Title officer for consummation of loan, disbursement of funds and successful recording
  13. Review final settlement statement and prepare and deliver final Closing Disclosure.
  14. Follow up on post-closing trailing documents and loan delivery to Loan Service.
  15. Participate in various department projects and cross-train for additional closing responsibilities.
  16. Identify and communicate opportunities to improve processes and systems.
  17. Contribute in the ongoing development of the Closing Team and Residential Lending Department to maintain/improve the level of quality, productivity and member service.

MINIMUM QUALIFICATIONS

Knowledge, Skills and Abilities:

  • Knowledge of closing practices and loan closing documents
  • General knowledge of loan origination and lending guidelines and processes
  • Computer literate in a network environment with strong typing/10 key skills
  • Attention to detail
  • Excellent customer service skills
  • Good communication skills, both written and verbal

Education, Training and Experience:

  • High School or equivalent
  • 3- 5 related years of experience
  • Must have experience with Encompass.
  • Must have several years of experience in both drawing loan documents and funding Agency - Fannie Mae and Freddie Mac type loans.
Company Description Kinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $4 billion in assets and serving over 285,000 member-owners across the country.

From the beginning, we have helped our members fulfill their dreams. In 1940, Hughes Aircraft Employees Federal Credit Union was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. So why not start a credit union, right there at the plant?

"I went to Mr. Hughes' office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, 'Sure. Start the Credit Union. Just keep my name clean. I don't want anything funny going on.' I said, you can be sure of that. And Hughes Credit Union was born."
- Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1

In October 1940 a United States government charter was issued to establish the Credit Union. Each of the 12 founders deposited $5 to make the Credit Union's total assets $60. Membership cost 25 cents and the maximum loan amount was $200. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 60 years.

As we continue to expand our position as a leader in the financial services industry our Kinecta name and logo represent our continued commitment to delivering unequalled value to the members-owners of Kinecta Federal Credit Union. Our promise: Every aspect of our organization, from our employees, to our communications, to our products and services, sets standards of excellence by remembering that our business is serving our members. And we're committed to doing that better than anybody.

El Segundo, California, United States of America
Finance
Kinecta Federal Credit Union
Kinecta Federal Credit Union
JSE2B1750B/744712474
8/13/2019 6:31:46 PM

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