What are the responsibilities and job description for the Senior Mortgage Loan Closer position at ALOHA PACIFIC FEDERAL CREDIT UNION?
SUMMARY
Responsible for viewing loan approval conditions, insurance policies, title commitments, surveys, sales contracts, and all other related documentation to ensure that the loan will be closed in accordance with all legal requirements and investor guidelines. Authorizes closing of loan, recording of mortgage, and disbursement of loan funds. Communicates with Loan Officers, clients and title companies to coordinate a smooth closing.
EDUCATION and/or EXPERIENCE
- Bachelor’s degree (BA/BS) from four-year college or university; five (5) years lending experience and/or training; or equivalent combination of education and experience.
- Must have a thorough knowledge of lending in accordance with State and Federal regulations
- Familiarity with GSE eligibility guidelines (Fannie Mae, Freddie Mac, FHLB, etc.).
- Proficiency with desktop word processing, spreadsheet, automated underwriting systems. Desktop Underwriter, Loan Prospector, etc.is preferred.
Credit must be in good standing. Must be bondable pursuant to §713.3(b) of the NCUA’s Rules and Regulations.
