Home Equity Closer

Job DescriptionJob Description

Home Equity Closer

APPLYTO HOME EQUITY CLOSER

SUMMARY

This is a remote position.

We are excited to share that S3 was named a Top Workplace of 2022 through the Baltimore Sun, 2023 Top Workplace in the USA as well as for leadership, and 2023 America’s most loved workplaces by Newsweek. Our commitment to teamwork and a positive attitude enables us to deliver service that generates quality results for our partners. If you join our team, we’ll invest in your learning and development through training programs designed to power your success.   

S3 is a Credit Union Service Organization (CUSO) which is an organization, owned by credit unions. We serve credit unions by supporting their operations and delivering world class service. We support the credit union members with their loans, deposits and other financial needs to achieve their goals.  

 

 The Home Equity Closer will be part of the talented Home Equity Closing team. This role will be responsible for reviewing loan files to prepare settlement documents, book loans to the credit union core systems to verify all pertinent information has been successfully transferred over. Provide excellent service to the members ensuring they understand what to expect prefunding and post funding. This role requires excellent organizational and communication skills, and the ability to adjust to changing business needs. 

 S3 STAR Values: 

• Service 

• Teamwork 

• Attitude 

• Results 

 

Department: Home Equity 

Reports to: Manager, Home Equity Closing 

  TOP JOB RESPONSIBILITIES:  

• Conduct a thorough review of the loan file received from the processor. 

• Prepare closing documents for delivery to settlement agent and member. 

• Responsible for disbursing loan proceeds on funding date which could include internal disbursements, issuing checks, and wires as needed. 

• Book and disburse loans in the credit unions’ core system accurately. 

• Responsible for member communication to provide funding details prior to closing.  

Other responsibilities and opportunities:  

• Coordinate with first mortgage fulfillment team and 3rd party title companies to facilitate any simultaneous settlements. 

• Work in collaboration and partnership with other team members, credit union partners, and vendors. 

• Additional job-related projects and duties as assigned by management. 

QUALIFICATIONS & SKILLS: 

• 2 years of relevant work experience in the finance industry; home lending experience preferred. 

• Knowledge of State and Federal laws pertaining to the mortgage banking industry (ie: RESPA, TILA, ECOA etc.) 

• Candidate must be highly organized and able to handle a fast paced environment. 

• Proficiency in MS Office (Word, Excel, Outlook). 

• Strong communication skills, both verbal and written, are necessary. 

• Excellent customer service skills with strong attention to detail. 

• Time Management skills and the ability to prioritize workload based on department SLA’s and member needs. 

• Ability to work flexible hours as needed. 

• Ability to work independently as well as part of a team and to collaborate with others. 

• Positive attitude and team-oriented 

• Ability to function in an ever changing environment. 

 

PERKS AND BENEFITS: 

• Group medical, dental, and vision coverage insurance 

• Generous Paid Time Off 

• Up to 11 Paid Holidays Per Year 

• 401(k) With Employer Match and Discretionary Contribution 

• Employee Referral Program 

• Wellness Programs 

• Peer-to-Peer Recognition Program

 

Equal Employment Opportunity  

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.” 

ADA Statement & Requirements 

S3 is committed to the full inclusion of all qualified individuals. In keeping with our commitment, S3 will take steps to ensure that people with disabilities are provided reasonable accommodations.  

 

Work Environment- This position operates in a professional office environment. This role uses standard office equipment such as computers, phones, photocopiers, filling cabinets and fax machines.  

Cognitive Requirements- List the frequently, constantly and occasionally items from the questionnaire. 

Physical Requirements- List the frequently, constantly and occasionally items from the questionnaire. 

Emotional Effort- Occasional short deadlines. The work environment is occasionally hectic with periods of high stress.  

Internal/External Interaction- Occurs occasionally with periods of high volume. 

This position will be responsible for coordinating closings with members, reviewing loan files in order to prepare settlement documents, and post-closing all completed/signed settlement packages to ensure all required documents have been completed and signed accurately, to book loans to the Credit Unions’ core systems and to verify all pertinent information has been successfully transferred over.

S3 has a commitment to excellence and the highest standards of member service. Our values and beliefs are critical to the success and growth of the business and they were all created with a unique cultural foundation.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Conduct a thorough QC review of the loan package received from the processor
• Coordinate settlement date and time with the member
• Prepare closing documents for delivery to settlement agent
• Calculate and issue wire proceeds in conjunction with closing date and settlement agent requirements
• Conduct a post-closing review the completed/signed loan package returned by the settlement agent to ensure accuracy and compliance with all CU requirements and state and federal regulatory requirements
• Book and disburse loans in the Credit Unions’ core system
• Interact with First Mortgage Fulfillment team and 3rd party Title companies in order to facilitate any simultaneous settlements
• Work in collaboration and partnership with other team members
• Additional job related projects as assigned by management

QUALIFICATIONS

• Associate’s Degree or equivalent work experience
• 2-3 years of experience closing home equity or 1st trust mortgages preferred
• Strong knowledge of State and Federal laws pertaining to the mortgage banking industry (ie: RESPA, TILA, ECOA etc)
• Candidate must be highly organized and able to handle a fast paced environment
• Ability to perform mathematical calculations with speed and accuracy
• Proficiency in MS Office (Word, Excel, PowerPoint, Outlook)
• Strong communication skills, both verbal and written, are necessary
• Excellent customer service skills with strong attention to detail
• Time Management skills and the ability to prioritize workload based on department SLA’s and member needs
• Strong analytical skills required with a high degree of accuracy
• Ability to work flexible hours as needed
• Ability to multi-task in other areas of the unit
• Aptitude to work independently as well as part of a team and ability to collaborate with others
• Positive attitude and team-oriented
• Ability to function in an ever-changing environment

STANDARDS OF PERFORMANCE

• Professional representation of S3 Shared Service Solutions, LLC.
• Job knowledge/timely, accurate and efficient performance.
• Adherence to S3’s policies and procedures.
• Promotes and ensures the highest level of quality member Service is provided to all members.
• Confidentiality of all records.
• Timeliness of meeting regulatory guidelines.
• Compliance of regulatory requirements.
• Success in meeting individual, departmental, and corporate goals.

SUPERVISORY RESPONSIBILTIES

• None

WORKING CONDITIONS

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• General office environment with low noise levels

BENEFITS

• Benefits package includes medical/dental/vision insurance, flexible spending accounts, 401(k) plan with fully vested matching, PTO, life insurance, short-term disability, long-term disability, holiday pay, loan discounts, service anniversary bonuses, recognition program, employee referral program, and employee activities.

Company DescriptionLocated in the Baltimore/Washington corridor, S3 Shared Service Solutions, LLC is a credit union service organization *CUSO) that is guided by relentless focus to meet and exceed the expectations of the credit unions we serve. A solutions-based operations support provider, our client base is comprised of leading financial institutions with combined assets in excess of $11 billion with over 630,000 members. S3 implements and supports collaborative business solutions for our partner credit unions in the areas of Deposit Operations, Real Estate Lending, Consumer Lending, Collections, and Call Center Operations. Striving for excellence in everything we do, our goal is to deliver high-quality cost-effective services to our credit union partners so they can invest in the futures of their organizations and most importantly, their members.Company DescriptionLocated in the Baltimore/Washington corridor, S3 Shared Service Solutions, LLC is a credit union service organization *CUSO) that is guided by relentless focus to meet and exceed the expectations of the credit unions we serve. A solutions-based operations support provider, our client base is comprised of leading financial institutions with combined assets in excess of $11 billion with over 630,000 members. S3 implements and supports collaborative business solutions for our partner credit unions in the areas of Deposit Operations, Real Estate Lending, Consumer Lending, Collections, and Call Center Operations. Striving for excellence in everything we do, our goal is to deliver high-quality cost-effective services to our credit union partners so they can invest in the futures of their organizations and most importantly, their members.

---