CU Title Disbursement Processor/Post Closer

Location US-MD-Bowie
Posted Date 3 months ago(12/10/2020 10:21 AM)
Job ID
2557
Category
Mortgage Lending
Min
USD $42,500.00/Yr.
Max
USD $66,250.00/Yr.

Overview

CU Title provides customers with an attorney led service-oriented team with a “Get it Done” mentality.  It is CU’s mission to use our experience and superior customer service skills to be the most professional, accurate, dependable, reliable and affordable residential and commercial title and settlement company in the industry.

 

 

We offer a generous benefit package:

  • $42,500 - $66,250 / Annually 
  • 401(k) match to 5% of earnings – immediate enrollment and 100% vesting
  • Choice of two health plans
  • Dental
  • Life Insurance – no cost
  • Long-term Disability Insurance – no cost
  • Employee Assistance Program – no cost
  • Paid vacation 
  • Paid sick time
  • 10 Paid holidays
  • Profit Sharing eligible

 

CU Title is seeking a Disbursement Processor/Post Closer with a working knowledge of Land Title & Settlement Services.  This position will be responsible for all procedures following a title settlement.  It will balance escrow files and disburse all funds related to real estate transactions.  This position will also require a Title Insurance Producer License.

 

Responsibilities

Level I

  • Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act.
  • Reviews, finalizes, scans and returns lenders closing packages as soon as possible but no later than 48 hours after receiving from closer
  • Prepares package for disbursement - balances the file, compares the disbursement ledger to the CD and the ALTA Settlement Statement to ensure they match, verifies all numbers and addresses are correct prior to disbursement.
  • Prints all checks to be signed and verified by the designated check signers.
  • Assures all payoffs go out the same day the file is disbursed via wire or UPS to their respective lender.
  • Sends out payment for all invoices associated with file via UPS or regular mail.
  • Inputs all outgoing wires into online banking system and notifies management they are ready to approve.
  • Orders title updates (bringdowns) prior to or at the time of closing to ensure there are no intervening liens.
  • Prepares documents for recording making sure all necessary forms are attached and uploads documents to be recorded to online system for e-recording or sends documents to Abstractor or other recording officer.
  • Verifies recording fees are accurate prior to recording and makes appropriate corrections.
  • Obtains, records and tracks all mortgage releases associated with loan payoffs.
  • Tracks all documents in recording pipeline to assure timely recording and appropriate and immediate handling of rejections.
  • Prepares and delivers final title polices to lenders and borrowers (where applicable).
  • Communicates with members, borrowers, lenders and other clients on all post-closing issues.
  • May act as back-up to the Title Insurance Processor I position. 

 

Level II (All the responsibilities of the level I)

  • May act as a back-up to the Title Insurance Processor II position.
  • In order to qualify for the Disbursement Processor/Post Closer level II, the incumbent must have the knowledge and skills to perform the level II duties of the Title Insurance Process position.

Qualifications

  • Minimum of two years of experience with a Settlement Agency as a disbursement processor/post closer.
  • Ability to effectively prioritize and accurately execute tasks in a high-pressure environment
  • Ability to present new opportunities, trends, and/or business analytics to a varied audience
  • Excellent written, oral, interpersonal, and presentation skills

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed