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Loan Closing/Servicing Specialist, Application Deadline: January 31, 2014 

Ministry Team Cornerstone Fund  
Reports To Associate Director of the Cornerstone Fund – Loan Servicing  
FLSA Status Non-Exempt  
Salary Grade 5  
Full-Time/Part-Time Full-Time  
Category Cornerstone Fund UCC  
Starting Salary  

GENERAL DESCRIPTION OF POSITION: To close and service mortgage loans for the Cornerstone Fund.


LOAN CLOSING - ESSENTIAL DUTIES AND RESPONSIBILITIES: The primary responsibility is to insure that approved loans are ready to close at the earliest possible date. Any delays in the loan closing process should be at the initiation of the borrower not the lender.


  • Review the terms and conditions under which the loan was approved and make sure that any and all special conditions are met prior to closing;


  • Contact church to determine which title company is to handle the loan closing;


  • Order mortgagee title insurance commitment and flood insurance certification;


  • Review mortgagee title commitment and make sure that title contingencies or title defects  are cleared before the loan is closed;


  • Prepare loan documents (note, mortgage/deed of trust etc.) for new loan originations;


  • Verify receipt of required insurance coverage in the required designated amounts;


  • Prepare loan closing instruction letter;


  • Set up loan profile on FiServ System;


  • Prepare check requests or wiring instructions for closing fees/initial disbursements;
  • Track security documents (follow-up to make sure that original documents [ notes, mortgage/deed of trust and mortgagee title insurance policy ] are received); and


  • Maintain an accurate accounting of all committed loans.




  • Print and distribute monthly loan reports including the mailing of Loan Trial Balance Reports to Conference Ministers;


  • Assist the Associate Director of the Cornerstone Fund - Loan Servicing in handling construction loan disbursements and construction loan file documentation;


  • Prepare estoppel/payoff letters, mortgage satisfactions, mortgage modification agreements and partial releases;


  • Ensure that all loans have sufficient all risk insurance coverage, monitor insurance maturity dates, follow-up on insurance cancellation notices, and input all renewal data on the Fiserv system (Insurance Expiration Report & Insurance Premiums Due Report);


  • Review all existing closed loans to ensure that all required documentation (original notes, recorded mortgages or deeds of trust, title policies and insurance declaration forms/pages) is on file, that duplicate information is removed and that all files are securely fastened and filed in the proper cabinets;  




  • Answer telephones, relay messages, transfer telephone calls, and respond to inquires;
  • Assume other duties and responsibilities as assigned.
Position Requirements

MINIMUM QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactory. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • A thorough understanding of mortgage loan closings including title searches, loan document preparation and review and loan funding;  
  • General understanding of real estate law;
  • Excellent written and verbal communication skills;
  • High degree of computer competency including but not limited to FiServ mortgage system and Microsoft Office Suite;
  • Well organized and detail oriented;
  • Self-starter with the ability to prioritize work;
  • Demonstrated ability to work as part of a team as well as independently;
  • Basic understanding and knowledge of the UCC;
  • High school graduate or equivalent with some college preferred; and
  • Ability to work in a diverse environment.

This job description is not intended to be a complete list of all duties and responsibilities required for the position and are subject to review and change at any time in accordance with the needs of the ministry. Since no job description can detail all duties and responsibilities that may be required from time to time in the performance of a position, duties and responsibilities that may be inherent in a position shall also be considered part of the position holder’s responsibility.

It is expected that the person who holds this position will conduct themselves in a manner consistent with the policies of the Cornerstone Fund and in a manner that will reflect positively on the organization. All staff are encouraged to nurture safety within the work performed on behalf of the Cornerstone Fund by being attentive to self-care, education, maintaining appropriate boundaries, and the importance of referring those in need to supportive and helpful resources.


The United Church of Christ Cornerstone Fund, is a Multicultural, Multiracial, Open and Affirming, Accessible to All, Equal Opportunity Employer.

Comprehensive Benefits Package Employer paid health, dental, life, and pension benefits.  
Application Deadline January 31, 2014  
About the Organization The United Church of Christ

Our faith is 2000 years. Our thinking is not.

We believe in God's Continuing Testament.
We believe in Extravagant Welcome
We believe the church's mission is to Change Lives


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