Loan Closer (Mortgage Services)

Mountain America Credit Union•West Jordan, UT

52d•Onsite

About The Position

Accurately analyzes processes and procedures in the closing area and make recommendations on improving lending practices. Helps ensure compliance with credit union policy, procedure, NCUA, CFPB and others. Facilitates the closing of real estate loans according to real estate policy and procedures as well as compliance regulations.

Requirements

One to Two years of mortgage related experience
Equivalent to a high school education.
Must have the ability to read and interpret documents in English such as safety rules, operating and maintenance instruction, and procedure manuals.
Ability to write routine reports and correspondence in English.
Ability to speak effectively in English before groups of employees, members, or clients.
Intermediate to Advanced skills in the following: Adding machine/10-Key, computer operating skills (windows navigation, mouse/keyboard functionality), Microsoft Outlook, Microsoft Office Suite.
Must be able to type a minimum of 35 words per minute.

Responsibilities

Demonstrates strong analytical abilities when running and analyzing loan documents through Encompass.
Approves and denies Closing Disclosures on purchases and mortgage refinancing requests and recommending approval and denials up to $1,000,000.00M.
Closes all Conventional loan products including MACU Portfolio.
Provides strong expertise in Secondary Market, CFPB, NCUA regulations regarding Ability to Repay, TRID, Fair Lending.
Provides thorough understanding of MACU portfolio programs as well as secondary market guidelines for external investors (learning over 80+ different programs, as well as 10 investors) their processes and guidelines of closing such application.
Works with the Loan Officers to ensure files are being closed and shipped timely, files are being cleaned out, sent for scanning and all other department standards are being met or exceeded.
Helps to maintain flow of information and communications between loan officers, processors, underwriters and credit union management to achieve the utmost effectiveness of department performance.
Works with closers and underwriters to oversee investor funding/suspensions and FHA uninsured loans are done within time allowed.
All other duties as assigned.