Escrow/Document Closer

3 weeks ago


Lockport NY, United States Cornerstone Community Federal Credit Union Full time

The Loan Closing Coordinator will oversee the loan pipeline to ensure loan requests move through the queues in a timely and efficient matter. Responsibilities include, but are not limited to, submitting documentation requests to Credit Union Service Organization, working directly with Credit Union attorneys to facilitate closings, and ensure all loan due diligence has been completed and properly reviewed.
This includes the review of the paid loan report, pulling files and reviewing documents for proper record retention.
Follow up on any outstanding documents or files with attorneys and Loan Officers.
Prepares and files mortgage discharges.
Follow up to make sure the appropriate hazard insurance, title insurance policies and all required documents are obtained, and all collateral is properly secured. Sets up tax service accounts with vendor and pulls appropriate reporting.
Log recorded documents and enter recording information in loan origination system and Credit Union core system.
Provides general business lending assistance as needed.
Assist with other clerical duties as needed to support the origination, processing, underwriting and closing of business loans. Monitor the Member Business Loan portfolio for delinquency and changes in status of accounts and report to the Business Loan Committee or Lending Manager.
Always represent the best interests of the Credit Union in words and actions.
Assist with Data collection for NCUA and Third-Party Audits.
Complete all required training by or before scheduled deadline date.
Must have thorough knowledge of Credit Union Lending Policies and Procedures, as well as general knowledge of other departments.
Deep understanding of how a credit union functions, and the value it brings to its member's and
community. This includes understanding of what a Cooperative is, as that is the business models of all credit unions.
Employee must be able to communicate effectively (verbally & in writing) and generate grammatically correct written reports, letters, memorandums, etc.
Employee must maintain a cooperative attitude with other employees and help to maintain the friendliest atmosphere possible in the credit union office.
Must keep current with basic knowledge of all credit union programs and must thoroughly cross- sell all credit union products at every available opportunity.
The ability to properly receive members, either by telephone or in person.
High school Diploma or G.Minimum of one year of credit union experience, banking experience, or experience in a closely related field.
Intermediate knowledge of Microsoft Office including Word, Excel, PowerPoint.
Tasks involving working on a computer keyboard, typewriter, calculator, cutting, labeling and taping involve extensive wrist and hand movements. All individuals are required to be able to perform these movements without significant risk of injury to themselves or others.
EOERace/Sex/Vet/Disability
Cornerstone CFCU is committed to diversity, and values the ways in which we are different.



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