Mortgage Loan Closer

ESSENTIAL FUNCTIONS:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Reviews data entry and all submitted documentation for accuracy to include but, not limited to title commitments, surveys, sales contracts, MI certificates, hazard and flood insurance, and property taxes. 
• Obtains and updates any missing or inaccurate documentation from the member, closing agent, processor, or loan officer to ensure compliance with underwriting, investor and credit union requirements.
• Prepares and generates the initial closing disclosure for members and sends via Encompass esign, DocuSign or US mail.
• Sends preliminary mortgage documents to the attorney/settlement agent for review.  Balances closing attorneys/settlement agent figures within Encompass to ensure accuracy of members bottom line
• Orders closing documents and final closing disclosure and reviews for accuracy and compliance with RESPA and Regulation Z, to include verifying tolerances are within guidelines and disclosed fees.
• Sends closing documents to attorney/settlement agent as wet sign, hybrid or eclose document packages.
• Prepares internal wire request and funding forms and ensures funds are wired and available to the attorney/settlement agent the day of loan disbursement.
• Maintains a closing calendar and task pad within Outlook and coordinates and communicates with all pertinent parties at each step of the transaction.
• Sends final mortgage documents to members and Mortgage Originator, as needed.
• Responds promptly to general closing questions from loan officers, processor, AVP’s, post-closing, attorneys/settlement agents, and accounting.
• Provides backup support for other closing team members.
• Serves members by answering all inquiries regarding closing issues, scheduling and post-closing inquiries.
• Refers credit union products and services based on member needs.

ADDITIONAL RESPONSIBILITIES:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job.  Duties, responsibilities, and activities may change at any time, with or without notice.

QUALIFICATIONS:

Knowledge Of:

• Credit Union’s products and services
• Credit Union policies and procedures pertaining to loan servicing
• Real Estate underwriting criteria
• TILA/RESPA Integrated Disclosure rule

Ability To:

• Utilize the credit union's data processing capability in loading new loan information in the system.
• Operate the kinds of office equipment normally found in a lending operation, such as:  typewriter, adding machine, telephone, fax machine, photocopier, and personal computer.
• Operate a PC using the following software applications Windows, Outlook, Excel, and Word
• Accurately process a steady workload under strict time constraints
• Process Real Estate Loans
• Understand and interpret information required to remain in compliance with secondary market underwriting criteria, credit union policies, Regulations X, and Z, and all other rules/regulations pertaining to consumer real estate loans.

REQUIRED EDUCATION AND EXPERIENCE:

High School diploma or General Education Degree, compliance training, consumer credit and lending experience plus three years of related experience and/or training.

OTHER SKILLS AND ABILITIES:

• Requires general knowledge of the mortgage lending industry.  
• Good communication skills and professional telephone manner.
• Able to work with numbers, spreadsheets and large amounts of data.
• Organized, self-starter, innovative and team oriented.
• Effective human relations skills in order to establish and maintain positive and productive working relationships with all Empeople Credit Union staff members and management.

License or Certificate:

• Bondable
• Acceptable Credit History

COMPETENCIES:

• Communication Skills
• Mathematical Skills
• Reasoning Ability

Salary : $38,800 - $58,100