Mortgage Funder at Sunmark Credit Union in Latham, New York

Job Description:

People Helping People, that is what Sunmark Credit Union is all about!

Why join the Sunmark Squad? Sunmark is a local credit union making a big difference in our community. For 85 years, we strive to build brighter financial futures! We build relationships with our members and look for solutions for all their financial needs through our "Good Vibes" culture. As a team member, you will find satisfaction in your career by assisting with our members finances, volunteering through our foundation team, and career growth opportunities.

Our Mortgage Team is hiring!

Typical hours, Monday-Friday 8-4:30pm, working onsite at our Latham, NY office during training period then eligible for hybrid, up to two days work from home.

Starting pay, $21.63 - $22.60/hr based on experience.

The primary purpose of this position is to assist with the delivery and sale of loans on the secondary market. Works in conjunction with the Mortgage Team to ensure an efficient workflow and all post closing tasks are completed.

• Reviews all post-closing packages for errors and omissions. Contacts closing agent or member if any corrections are needed prior to the delivery expiration date. Prepares and uploads post-closing packages for final sale to investor.
• Ensures loans are purchased by correspondent lenders within delivery requirements. Works to satisfy any post-closing or post-purchase conditions in a timely fashion.
• Completes Quality Control report notating any post-closing conditions which could have been satisfied prior to closing and submits findings monthly. Reviews post-close QC third party reviews as well as investor or government agency reviews. Completes monthly review of sub-servicer loan set up for quality and data accuracy.
• Reviews and uploads retained loans to Midwest Loan Servicing within 7 days from Note date and after accounting has processed closing checks.
• Completes the transfer of servicing and beneficial rights on sold loans on the MERS system within 2 days of purchase by the investor.
• Sends funding sheets from investors to the accounting area once the loan is purchased, verifying that all information is correct and accurate.
• Activates Conventional Mortgage Insurance with designated insurance company.
• Manages Final Document collection and delivery including Recorded Mortgage, Final Title Policy and Assignment of Mortgage, if sold loan.
• Prepares and distributes 1099S for applicable closed loan transactions.
• Cross Train with Mortgage Closer and Construction Draw Admin and acts as back up when necessary.

Seeking candidates with a high school diploma/equivalent or higher with prior mortgage processing or equivalent lending experience. Strong organizational skills, attention to detail and computer proficiency.