Department: | Northern California Operations |
Location: | Austin, TX |
Bay Equity is a full-service retail mortgage lending institution headquartered in Corte Madera, CA. In 2011 and 2012, San Francisco Business Times named Bay Equity among its "Top 100 Fastest-Growing Private Companies" in the Bay Area.
We are hiring a Closing Associate IV to work remotely for our team.
Job title: Closing Associate IV – Sr. Funder
Reports to: Closing Manager
FLSA: Non Exempt
Job purpose:
The Closing Associate IV is responsible for reviewing loan documents, requesting and obtaining loan approval conditions, and facilitating the closing of the transaction. This position will have daily contact with the Loan Originators, Processors, and Closing Agents to ensure accurate and timely closings. Compliance with TILA-RESPA Integrated Disclosure rule is critical to avoid untimely delays to the closing of the loan transaction.
Duties and responsibilities:
Review file for TILA RESPA Integrated Disclosure violations and ensure file is in compliance and fees/APR's are within tolerances
Prepare final loan documents for closing and engage Escrow/Title for closing date coordination
Review all loan documents for correct signatures, notary information, escrow instructions, etc. and to maintain compliance with federal, state (wet and dry), and guidelines
Work with Underwriting to ensure all conditions have been cleared
Communicate with all parties’ status of funding
Adhere to Funding turn times
Process minimum of 4 to 6 files per day
Condition review of minimum 4 to 6 files per day
Ensure proper uploading and assigning of loan docs to appropriate placeholders
Prepare Collateral Package for submittal to Wire Desk
Other duties as assigned
Job Specific Skills and Knowledge:
Familiarity with ENCOMPASS a plus
Familiarity with TILA RESPA Integrated Disclosure, HOEPA, HMDA, required
Personal Attributes:
Detail and results oriented
Able to work accurately in a fast paced environment
Provide outstanding customer service in fast paced environment
Ability to collaborate with others in a team setting
Ability to prioritize
Adapts easily to change
Qualifications:
High School degree or GED
3+ years of mortgage banking Funding experience.
Good verbal and written communication skills
Direct reports: N/A
We offer a comprehensive benefit package including; medical, dental, vision, life insurance, 401k, and paid time off. Compensation is based on experience and ranges from $48,000 - $62,000/yr. This is a full-time position.
Bay Equity is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. Bay Equity is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, contact our Human Resources Department at hrdeskteam@bayeq.com.