Mortgage Loan Closer

MORTGAGE LOAN CLOSER

SUMMARY:

The Mortgage Loan Closer prepares closing documents for credit secured by real property. The Mortgage Loan Closer also prepares the settlement statement for members and sends to each member in a timely manner.

**This position can be remote**

ESSENTIAL FUNCTIONS:

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

• Reviews documents in all mortgage files for accuracy and addresses issues to avoid difficulties at time of mortgage closing.
• Completes all required Real Estate closing documents in accordance with regulations after processing is complete.
• Obtains any missing or inaccurate documentation from the borrower , closing agent processor or loan officer.
• Verifies all mortgage information is correct and enters information and fees into loan processing system site.
• Analyzes appraisals and debt to income ratio, and understands qualities that effect credit worthiness.
• Sends preliminary mortgage documents to title company; ensures that documents are accurate and compliant with RESPA.
• Coordinates and communicates with all pertinent parties at each step of the transaction, including but not limited to the status of the preparation of documents and HUD approval.
• Sends final mortgage documents to members and Mortgage Originator, as needed.
• Verifies correct fees for wires and prepares internal DECU wire requests as well as sends third party, CUSO, wire requests.
• 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

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 Consumer Loans
• Process Real Estate Loans
• Understand and interpret information required to remain in compliance with secondary market underwriting criteria.

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.

License or Certificate:

• Bondable
• Acceptable Credit History

COMPENSATION & BENEFITS:

• Salary Range: $37,120-$55,680
• Health, Dental & Vision Benefits
• Incentive & Bonus opportunity
• 401(k) with match and profit sharing
• Paid Time Off
• Remote working availablity