Mortgage Loan Closer I
About The Position
Seeking 2+ years of experience performing Mortgage Loan Closing tasks for a Credit Union, Bank, or related financial institution. Must have excellent attention to detail with ability to work in a fast-paced environment. FHA, USDA, Conventional, and HELOC. MeridianLink a plus. The company reserves the right to hire the position as a level I or as a level II given the qualifications of the applicant. The level II position requires specific mortgage loan closing experience in excess of the level I and requires the knowledge, skills, and abilities to focus on the most complex or high dollar amount transactions with minimal supervision. The primary purpose of this position is to assist Center Parc Credit Union (CPCU) to live out our Mission, “To help our members achieve financial success by providing exceptional products and service.” The primary responsibilities of a Mortgage Loan Closer I involves ensuring that all mortgage transactions are completed accurately and in compliance with regulatory requirements.
Requirements
- Requires a level of knowledge normally gained with a high school diploma or equivalent
- 1 to 2 years of mortgage loan processing or closing work experience in banking, financial services, or a credit union
- 10-Key calculator, typing and keying skills, and working knowledge of Microsoft Office software
- Familiarity with mortgage documentation, compliance regulations
Nice To Haves
- An associate’s degree in business management, business Administration, related field of study or 2 years specific mortgage processing or mortgage closing experience in lieu of a degree
- 2 years specific mortgage loan closing experience in a credit union
- Certified Mortgage Closer certification (CMC) or other certifications related to the position
- Familiarity with Symitar
Responsibilities
- Adhere to and deliver on Center Parc’s core values:
- Coordinate with all parties involved in the closing process, including borrowers, lenders, title companies, and attorneys, to ensure a smooth transaction.
- Conduct a thorough pre-closing review to verify that all documentation, fees, and terms are accurate and aligned with loan agreements.
- Calculate final closing costs, disburse funds, and ensure that mortgage funding occurs in a timely manner.
- Review and prepare closing documents, including HUD-1 statements, mortgage notes, and truth-in-lending disclosures. Ensure that all documents are complete and accurate according to federal and state regulations.
- Ensure closing packages are in alignment with CPCU and investor guidelines as well as secondary market requirements including pre-funding QC, VOE within 10 days of closing and TRID tolerance violations.
- Build and maintain strong relationships with attorneys, title companies, originators, and all internal or external stakeholders associated with the closing of each loan.
- As required, follow internal processes and procedures to wire funds.
- Input all closed mortgage loans into Symitar in accordance with the final closing instructions.
- Adhere to the provisions of the Fair Credit Reporting Act (FCRA), Military Lending Act (MLA), Equal Credit Opportunity Act (ECOA), Truth in Lending Act (TILA), Fair Housing Act (FHA), the Universal Code (UCC), Regulation Z, Home Mortgage Disclosure Act (HMDA),and any other state or federal regulation associated with the granting of credit that are applicable to this position.
- Effectively use written and oral communication skills in daily correspondence and completion of tasks and consistently presents a positive image of the Credit Union.
- Exhibit strong organizational skills and attention to detail, and the capacity to simultaneously work on multiple loan packages.
- Maintain positive and productive working relationships with all internal and external stakeholders.
- Demonstrate effective written and oral communication skills in all work activities.
- Demonstrate effective time management and prioritize daily work to meet deadlines and goals.
- Attend ongoing training as needed, including on and off-site workshops and webinars to maintain a high level of knowledge related to the position.
- Comply with all aspects of BSA/AML and OFAC regulations as they relate to this position.
- The ability to travel overnight or to other business locations is less than 5%.
- Other duties as assigned.
Benefits
- Medical coverage with generous company contributions
- Dental with employee only coverage paid by the company
- Vision with employee only coverage paid by the company
- Paid Time-Off
- 401k plan with a defined company match
- company paid long-term disability
- short term disability
- company paid holidays
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
Number of Employees
11-50 employees
