Finance Factors has been providing financial services in Hawaii for over 60 years. Established by several island families in 1952, the company has grown from a small local enterprise that pioneered personal loans for Hawaii’s working class, into Hawaii’s largest locally-owned depository financial services loan company.
Responsible for the timely and accurate preparation and processing of all required closing disclosures and mortgage closing documents in accordance with but not limited to Finance Factors portfolio guidelines, federal regulations and guidelines of wholesale lenders, secondary market investors, government agencies and mortgage insurance companies. This position also handles the complex closing transactions, shipping of loans, backup on Employee loans, assists other closers as needed, works with Finance Administration and Mortgage Loan Servicing Department for the accurate disbursement and boarding of loans. In addition, responsibilities include testing of system updates, assisting with closing process changes and the implementation of these changes.
Minimum Qualification Requirements:
- 4 years of experience in the residential mortgage lending field, primarily in mortgage documentation, TRID requirements and closing functions.
- Strong analytical and mathematical skills.
- Familiarity with lending and closing requirements for secondary market investors, government insuring agencies and private mortgage insurance companies.
- Knowledge of Federal and State Compliance Regulations and ability to learn and adapt to regulatory changes.
- Self-motivated with strong attention to detail and the ability to prioritize tasks to meet established deadlines.
- Detailed knowledge of the closing process and functions of a loan origination/documentation system.
- Computer literate with knowledge to effectively use word processing, spreadsheet, and data base programs.
- Must possess strong organizational, interpersonal, and communication skills, with the ability to multi-task.
- Demonstrated ability to review loan disclosures and documents to ensure compliance with company procedures and regulatory requirements.
- Must be able to maintain reliable, consistent and regular attendance
ESSENTIAL FUNCTIONS
- Effectively manages the loan closing process through pipeline management, clear communication, and meeting critical deadlines in an environment prone to interruptions.
- Ensure timely and accurate processing of loans once the loans enter your queue, including reviewing loan requests, title searches and the preparation and ordering of promissory notes and mortgages, and other required documents from attorneys.
- Demonstrates ongoing partnership with all co-workers to create a positive team environment and minimize interpersonal conflicts.
- Responsible for reviewing and ensuring all terms of loans are incorporated in the documents, closing conditions are met, and loans are closed within appropriate time frames and in accordance with company policy, audit procedures, and government regulations.
- Works with closing agents to ensure required documentation is received in a timely manner and prepared in compliance with the TILA-RESPA Integrated Disclosure (TRID) rules
- Works with Loan Officers, Processing, Underwriting, and closing agents to meet loan deadlines, closing conditions, and documentation requirements, prior to funding loans.
- Completes promissory note, mortgage and all other supporting closing documents.
- Prepares closing documents for all Employee loans as the backup to the Department Manager/Supervisor.
- Maintains efficient levels of service and complies with regulatory timelines associated with the completion and delivery of loan disclosures verified through the documenting of events in the loan origination system.
- Assist the loan shipper to meet the timely delivery of secondary market loans and cross-train to serve as back-up Shipper as needed.
- Works with Mortgage Servicing Department to meet the timely and accurate boarding of mortgage loans.
- Prepares settlement statements in accordance with current regulations for all non-escrow mortgage loans and non-TRID loans.
- Prepares documents for recording and coordinates timely recording with Escrow/Title Company.
- Handles closing issues, including identifying and reporting any potential problems, discrepancies and/or misinformation to the Department Manager or Supervisor for further instruction and direction.
- Checks and calculates for tolerance cures, and works with appropriate parties to issue checks to affected parties within required timeframes.
- Sends foreclosure notification letters to senior lien holders, if applicable.
- Maintains accurate tracking of closings and recordings within the department.
- Serves as a resource to and assists other closers with direction for the mortgage loan closing activities of the company.
- Duties include, but are not limited to, submitting daily voucher checks to Finance Administration, daily review of check register log and monitoring of check supply.
- Works with Construction Loan Department to complete construction conversions and prepares supporting documents to convert construction/permanent loan to a long-term mortgage.
- Responsible for the daily Cash Flow Report of all loans over $10,000.00.
- Troubleshoot and tests changes and system updates in the loan origination/closing system as directed.
- Compiles, updates, and maintains Closing Department procedures as needed and serve as a resource to other closers
Work Schedule:
Monday-Friday, 8:00am – 5:00pm (Flexible)
Benefits:
- Paid holidays, vacation, sick leave, PTO
- Bereavement leave
- Medical, drug, vision
- Dental
- Flex Spending program
- Paid group life insurance and AD&D Insurance
- Gym membership subsidy
Job Type: Full-time
Pay: From $65,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Disability insurance
- Flexible spending account
- Health insurance
- Paid time off
- Referral program
- Retirement plan
- Vision insurance
Schedule:
- Monday to Friday
Supplemental Pay:
- Bonus pay
- Commission pay
Work Location:
- Fully Remote
Company’s website:
- www.financefactors.com
Benefit Conditions:
- Waiting period may apply
- Only full-time employees eligible
Work Remotely:
COVID-19 Precaution(s):
- Remote interview process
- Plastic shield at work stations
- Temperature screenings
- Social distancing guidelines in place
- Virtual meetings
- Sanitizing, disinfecting, or cleaning procedures in place
Source: Indeed.com
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