POSITION SUMMARY

Coordinates mortgage closings with all parties, including attorneys and title companies to complete the transaction for purchases and refinances nationwide. Candidate would be responsible for examining title policies and surveys for accuracy, preparing loan closing documents, reconciling closing disclosures, funding closed loans, reviewing closed loan packages, and ensuring compliance with Credit Union, state and federal regulatory requirements.

PRIMARY DUTIES AND RESPONSIBILITIES

• Review and prepare all closing documents, including promissory notes, deeds of trust, and settlement statements, ensuring accuracy and compliance with lending regulations nationwide.
• Coordinate with borrowers, real estate agents, title companies, and other parties involved in the closing process to schedule and facilitate closings.
• Obtain necessary signatures from borrowers and other parties on closing documents.
• Calculate and verify closing costs, fees, and disbursement amounts.
• Disburse loan funds to appropriate parties, such as title companies and borrowers, upon closing.
• Ensure that all closing conditions and requirements are met before funding the loan.
• Maintain accurate and up-to-date records of closed loans and closing documents.
• Respond to inquiries from borrowers, real estate agents, and other parties regarding the closing process and loan status.
• Stay current with changes in lending regulations, policies, and procedures to ensure compliance.
• Evaluates title work and surveys for potential title problems and makes decisions for appropriate action. Exercises judgment to determine when to proceed and when to obtain additional documentation.
• Identifies and suggests process or efficiency improvements related to area of responsibility.
• Perform other duties as assigned.

 REQUIREMENTS

• High school diploma or equivalent; bachelor’s degree in finance, business or a related field preferred
• 2 year of mortgage banking experience or relevant lending experience in other roles,
• Demonstrate working knowledge of TRID, HOEPA, ECOA, HMDA, RESPA, Flood, FNMA, BSA, OFAC FHLB, FHLMC and other investor policies and procedures and implement as necessary in daily activities
• Strong knowledge of mortgage lending regulations, policies, and procedures.
• Excellent attention to detail and organizational skills
• Effective communication and interpersonal skills
• Ability to work independently and as part of a team
• Sound judgment and decision-making skills
• Timely communication and response times according to department standards

SKILLS

• Member Focus awareness using active listening skills to gain understanding and determine the needs of others in order to help members achieve their financial objectives and deliver a member-focused mortgage experience.
• Responsible for audit of Real Estate Settlement Procedures Act (RESPA), and required fields in loan origination system, audit of all information before final documents are sent to Attorney/Escrow/Title for signing
• Takes on new opportunities and tough challenges with a sense of urgency and enthusiasm. Strong organizational skills and ability to manage multiple responsibilities simultaneously in a fast-paced environment.
• Effectively communicates about the mortgage lending process to audiences with varying needs and abilities.
• Builds relationships and gains the confidence of others by modeling honesty, integrity, authenticity, and behaviors that align with organizational values. Exemplifies courage by stepping up to address difficult issues.
• Proficient with Microsoft Office software products (Word, Excel, PowerPoint, Outlook) and the ability to operate standard office equipment.
• Provide service to Members, Loan Officer, Underwriter, Processor and other Agents involved in transactions.
• High level of computer literacy.
• Working knowledge of mortgage fraud, red flags and loan misrepresentation.
• Excellent time management and organizational skills
• Ability to prioritize tasks based on urgency and importance