Post-Closing Manager
Milford, CT — Full Time
General Purpose and Scope:
Come join one of America's fastest growing Mortgage Lenders! The Post-Closing Manager is responsible for over-seeing the Post-Closing department and monitors all aspects of shipping production to avoid pricing penalties and meet the delivery requirements per investor and warehouse agreements. Directs staff to meet shipment goals and timely clearance of all Post-Closing suspense conditions. Responsible for reviewing current Post-Closing processes to improve salability of loans and decrease the cycle tome of suspended loans. Maintain an efficient and compliant Post-Closing Department.
Responsibilities / Functions:
- Set loan review and shipment priorities to meet funding, shipment, and purchase deadlines.
- Monitor daily Post-Closing department report per workflow and production.
- Establish and meet minimum daily expectations.
- Assist in training Post-Closing staff.
- Assist and manage Funding responsibilities.
- Ensure Trailing Documents are obtained in a timely fashion to meet delivery requirements.
- Update review and shipping checklists.
- Collaborate with warehouse banks to meet curtailment windows
- Identify suspense conditions trends and loan quality issues-report back to the Director of Operations.
- Identify inefficiencies and propose effective resolve
- Complete required compliance training and testing.
Personal Traits / Competencies:
- Excellent leadership skills.
- Strong organizational and time management skills.
- Ability to make assertive, logical, and compliant decisions.
- Ability to train others.
- Ability to adapt quickly in an ever changing market.
- Ability to work effectively in a positive and professional manner under time constraints.
- Excellent verbal and written communication skills.
Technical / Computer Skills:
- Knowledge of third party mortgage software and imaging systems including, but not limited to Encompass360
- Proficiency in Microsoft Office with a strong emphasis on Excel skills
- Ability to pick-up new LOS systems and understand new websites quickly.
- Conduct web searches on town, county, and state websites.
Education and Experience:
- High school diploma or the equivalent
- Knowledge of banking regulations; i.e. Regulation Z, Real Estate Settlement Procedures Act (RESPA), Home Mortgage Disclosure ACT (HMDA).
- Knowledge of investor, product, and warehouse bank guidelines.
- Final documents, collateral, secondary markets, loan shipping, servicing, and purchase clearing experience.
- 1-2 years experience in a banking or financial lending institution as a closer, processor, post-closing reviewer.
- General knowledge of retail, wholesale, broker, and correspondent lending.
Apply Now
Please send your resume and cover letter to [email protected].