Mortgage Loan Closer

TENNESSEE VALLEY FEDERAL CREDIT UNI•Chattanooga, TN

4d•Onsite

About The Position

The Mortgage Loan Closer is responsible for reviewing loan data, correcting or completing erroneous data and reviewing loan details submitted by the loan officers, processors and underwriters. This role communicates with internal associates and closing agents involved in the transaction to ensure all closing documentation is complete, accurate and in compliance with all applicable regulatory agencies. The ideal candidate for this position must be detail oriented, have strong organizational skills, works well under pressure, ability to meet deadlines and maintain accurate closing schedules.

Requirements

Bachelor’s degree or equivalent preferred, along with a minimum of 2 years of lending experience, with a strong emphasis on mortgage closing or processing.
Proficiency in mortgage LOS systems and document preparation software.
Ability to manage multiple files simultaneously in a fast-paced, high-volume environment while maintaining accuracy, attention to detail and organization.
Thorough knowledge of lending programs, policies, procedures, and regulatory requirements.
Demonstrate commitment to professional ethics, including but not limited to adherence to all State and Federal regulations.
Must be comfortable with substantial personal contact with others inside and/or outside of TVFCU for purposes of information sharing, relationship building, soliciting of cooperation, etc.
Must be able to be bonded and meet Safe Act Requirements, including but not limited to registered or licensed via the Nationwide Multistate Licensing System (NMLS).
If you are considered for an offer of employment at TVFCU, you must successfully complete a pre-employment screen that includes: Verification of education, employment and other pertinent data included on your employment application, and eligibility to work in the United States
Criminal background check and drug screening
Pre-employment credit check required
Pre-employment screening helps TVFCU provide a safe environment for our members and employees, minimize risk, and ensure federal compliance.

Responsibilities

Contribute to the development and refinement of the Credit Union’s lending vision and strategy, working in a team environment focused on member service and closing quality loans within expected turn times.
Have a working knowledge of different mortgage loan types, including but not limited to Conforming (Fannie Mae/Freddie Mac), FHA, VA, USDA, portfolio, Closed-end second mortgages and HELOC’s.
Possess a knowledge of all local, state and federal regulations related to real estate lending.
Effectively communicate with settlement agents, loan staff, buyers, sellers, third-party vendors, and real estate agents as needed.
Review title commitments, final title policies, and settlement statements for accuracy and compliance.
Prepare and balance the closing disclosure with the settlement agent and deliver to member within the regulatory mandated timeframes.
Verify payoffs, insurance, and complete the closing document section within the loan origination software (LOS).
Deliver the closing package to the settlement agent, along with funding, to ensure the timely closure of the loan.
Manage and execute eClose, eNote, and hybrid closings, ensure proper delivery, execution, and post-closing handoff.
Ensure all closing conditions are satisfied prior to funding.
Assist with audit requests, quality control reviews, and investor post-closing inquiries as needed.
Maintain knowledge of Credit Union regulations by completing required online courses annually.
Proactively demonstrate the TVFCU core values of integrity, honesty, flexibility, teamwork, leadership, accountability and strong relationships in every interaction with members.
Perform other duties as assigned.