Document and Post-Close Administrator Compeer Home

Document And Post-Close Administrator

Empowered to live. Inspired to work. Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.

This position offers a hybrid work option up to 50% remote and is based out of the Mankato, MN; Lakeville, MN; or Rochester, MN office locations. The contributions you will make: This position accurately and efficiently delivers required disclosures, closing packages, funding, closed loan information and post-closing shipping and validation for Compeer Home loans. The also incumbent is responsible for accuracy and timely delivery of transactions to investors and servicer.

A typical day:

• Reviews loan file to ensure all milestones have been completed prior to closing.
• Ensures information is accurately entered into the LOS and properly processes, prepares, and delivers disclosures, closing disclosures, and closing packages in a compliant and timely manner.
• Assembles and delivers closing package to title Coordinates closings with title companies to balance closing disclosures, closing requirements, and funding amounts. Creates funding sheets to balance with outside title agency, and submits and approves wire transfers. Ensures loans are processed and closed according to rules and regulations set forth by the following: (CFPB) Consumer Financial Protection Bureau and Laws, (TRID) (TILA) Truth in Lending Act (RESPA) Real Estate Settlement Procedures Act Integrated Closing Disclosures rules, (ECOA) Equal Credit Opportunity Act, (HMDA) Home Mortgage Disclosure Act, (HOEPA) Home Ownership and Equity Protection Act, (GMI) Government Monitoring Information Requirements, (MLA) Military Lending Act.
• Consults with internal legal and compliance departments to ensure loans and documents are compliant.
• Locks in interest rates for all internal and external loan products and programs; validates Service Release Premiums and confirms accurate pricing adjustors. Administers rate lock extensions and changes in accordance with procedures and
• Reviews closed/signed/completed loan packages to ensure complete and relevant documents have been received. Reviews closed loan packages in a timely, accurate, and efficient manner to ensure loans meet program and federal criteria.
• Funds disbursements for loans closing with outside title companies; creates funding sheets to balance with outside title agency, and requests wire of funds from Cash Desk.
• Ensures timely and accurate loan posting and reporting to Balancing and Finance departments.
• Prepares and files/indexes documents for long term storage and delivery to
• Reviews all documents to be uploaded to sub servicer and ensures accurate and timely delivery of requirements for subserviced loans.
• Follows post-close trailing documents procedures and workflows to ensure all required documentation is received in a timely fashion. Manages all follow-up to ensure receipt of necessary documents from title companies and lending partners in order to finalize loans in accordance with requirements of the end investor (Farmer Mac, Freddie Mac and Portfolio)
• Prepares Allonges, services transfer letters and manages transmittals for files in the pool sales.
• Ships files in pool sales and updates shipping logs.
• Maintains monthly US Bank Exception report.
• Is responsible for execution of MERS requirements, loan delivery through MERS as applicable, and accuracy per MERS requirements.
• Attends regular training sessions offered by Compeer, investors and various vendors.
• Works with internal and external auditors to revise current processes and procedures to comply with federal and state regulations.
• Assists with training Compeer Home team members on tasks that impact document processing.
• Other duties as requested to meet the needs of the organization.

The skills and experience we prefer you have:

• High School Diploma. Associate's degree in business administration, agribusiness or related field preferred.
• Minimum of 3 years of experience in in a lending or financial institution.
• Nationwide Mortgage Licensing Systems (NMLS) certification preferred.
• Working knowledge of mortgage loan process and related regulatory requirements.
• Basic knowledge of lending principles.
• Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization.
• Skill in developing and maintaining interpersonal relationships.
• Strong problem solving, decision making and organizational skills.
• Strong computer skills, including MS Office applications and customer relationship management (CRM) programs.
• Strong analytical skills with attention to detail.
• Ability to work independently and collaboratively with other teams to achieve goals and represent the business.

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.

$47,100 - $73,900 USD

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.