Real Estate Loan Funding Coordinator

1 week ago


Hills, Iowa, United States Hills Bank Full time
Job Overview

WORK SCHEDULE: Full-time; Monday through Friday, with a rotating schedule.

COMPENSATION PACKAGE: At Hills Bank, we prioritize our employees as our greatest asset. We offer a comprehensive benefits package designed to support our team members and their families.


POSITION SUMMARY:

The Real Estate Loan Funding Coordinator will report to the Loan Closing Supervisor. This role is essential in ensuring that all real estate loans are funded and disbursed accurately, with all collateral documents filed in a timely manner. The coordinator is responsible for the accurate upload of loans into the core processing system and for reviewing the final loan packet for completeness and precision. This position requires collaboration with various teams, including real estate, commercial, and retail lending, as well as Mortgage Loan Processing and Consumer Pre-Closing departments. The ideal candidate will possess strong communication and customer service skills, exceptional attention to detail, and the ability to manage multiple tasks in a dynamic environment.


KEY RESPONSIBILITIES:

Loan Funding and Disbursement: (50%)

  • Ensure the correct funding and disbursement of all types of real estate loans.
  • Facilitate the timely upload of loan information from documentation and underwriting software into the core system.
  • Participate in a rotating schedule to maintain adequate staffing levels.
  • Ensure accurate and timely electronic recording of all collateral documentation.
  • Follow up on any missing or incomplete documents to ensure the completeness of closing documentation.
  • Provide support to loan officers and staff by addressing inquiries related to loans and disbursements.
  • Collaborate with front-line staff to anticipate loan closings and manage funding timelines effectively.
  • Resolve issues promptly while providing excellent customer service.

Secondary Market Responsibilities: (40%)

  • Assist in shipping loan files electronically to secondary market investors.
  • Process payoffs and reconcile funding discrepancies for secondary market loans.
  • Track sales and communicate with customers regarding monthly loan payments.
  • Complete the final sale of secondary market loans by transferring servicing rights and sending necessary documentation.
  • Prepare year-end tax reports for points and interest on secondary market loans.

General Department Responsibilities: (10%)

  • Assist with filing and other departmental projects as needed.
  • Contribute to the development of manuals and documentation for this position.
  • Support other bank activities as part of the overall team.
  • Perform additional duties as assigned.

EDUCATIONAL REQUIREMENTS:

  • High school diploma or GED; or one to two years of related experience and/or training; or an equivalent combination of education and experience.
  • Technical training in loan documentation and compliance is preferred.
  • This position requires skills typical of an office environment, including computer proficiency and effective communication.

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