Mortgage Closer (WCC)

TEKsystems•Capon Bridge, WV

6d•$20 - $20•Hybrid

About The Position

The Mortgage Closer is responsible for closing first mortgage loans in accordance with applicable federal/state laws and Navy Federal policies and procedures. This role involves preparing mortgage packages for delivery to settlement companies for conventional, VA, and FHA mortgage products, as well as equity loans. The position also coordinates the closing and funding of assigned loan packages.

Requirements

min of 2 years of financial and/or banking experience-processing preferred
customer service
data entry
inbound and outbound calls
call center
loans
banker
financial services
paralegal skills
accounts payable
accounting
administrative support
mortgage closing
executive administrative

Responsibilities

Authorize release of closing packages to closing agent, if applicable - Under minimal supervision
Determine amount to be withheld from loan proceeds, request and process internal payoffs and prepare request for loan disbursement
Determine status of title and review mortgagees, mortgagors, manner of title and existing/proposed lien for accuracy
Ensure credit, underwriting and property conditions have been satisfied prior to closing
Evaluate title exceptions and determine if applicable; clear any mortgage related deficiencies within specified time period
Examine property status reports and property insurance policies for accuracy in documents and proper coverage
Maintain contact with lawyers, settlement agents and real estate brokers regarding the status of closing package
Monitor mortgage loan process and ensure compliance with Federal laws, as well as, Navy Federal, NCUA and secondary market practices, guidelines and regulations
Prepare fully executed mortgage file for post-closing
Provide closing agent with information for title binder and specifics about documents and condition required for closing
Review preliminary and final closing package including HUD-1 or closing disclosure for RESPA compliance
Review property surveys for unacceptable or uninsurable encroachments or violations
Schedule settlement with closing agent, member, seller and realtor
Verify completeness and accuracy of approved credit packages
Closing equity loans, closer confirms how title will be held, review, and confirm escrow information.
Closing equity loans, closer will provide closing disclosure, obtain acknowledgement from the member as needed, and maintain member contact once assigned the loan
Closing equity loans, closer will maintain contact with the members and notaries regarding the status of scheduled closings, notary information, and closing packages
Closing equity loans, prepare payoff checks for payment and starter checks
Perform other duties as assigned