Mortgage Loan Closer

SchoolsFirst Federal Credit Union•Tustin, CA

About The Position

The Mortgage Loan Closer provides clerical support to the Real Estate Loan Closing Team. This role may be responsible for coordinating and completing the accurate and timely closing of some equity loans, ensuring compliance with policies and procedures. The position may also coordinate loan fundings with external third parties and request wire transfers upon clearance of conditions. The role involves retrieving and documenting executed closing documents and cashier’s checks from settlement agents, and documenting the delivery of original collateral packages. The Mortgage Loan Closer is responsible for overseeing and completing the accurate and timely closing and funding of equity loans, reviewing files to verify title opinions, signatures, and closing conditions. Maintaining proactive communication with RE Operations and Servicing teams, as well as settlement agents, is crucial for positive business relationships and ensuring high-quality standards and member service. The role also ensures the successful transfer of accurate data during loan boarding for Symitar serviced loans and follows up on deficiency requests by Post-Closing. Additionally, the position complies with regulatory compliance and assigned training requirements.

Requirements

High School Diploma or GED required
Less than 1 year of prior related experience required
Able to multi-task
Possess high quality organizational and time management skills
Ability to work in a team-oriented environment
Communicate effectively
Manage priorities under close supervision

Responsibilities

Provide clerical support to the Real Estate Loan Closing Team.
Coordinate and complete the accurate and timely closing of some equity loans, ensuring compliance with policies and procedures.
Coordinate loan fundings with external third parties on some loans and request wire transfers upon clearance of conditions.
Retrieve and document receipt of all original executed closing documents from settlement agents.
Document receipt of cashier’s checks from settlement agents and deliver to the appropriate department for posting.
Document delivery of original collateral package to the RE Servicing team.
Oversee and complete the accurate and timely closing and funding of equity loans, ensuring all requirements, policies, procedures and settlement timelines are met.
Review files in a timely manner to verify title opinions are clear, signatures match borrower names, and closing assigned conditions are received and satisfactory.
Maintain proactive communication with RE Operations and Servicing teams as well as settlement agents to promote positive business relationships.
Advise all parties of any changes or issues that may occur to ensure high quality standards and Member service are met.
Ensure the successful transfer of accurate data during loan boarding for Symitar serviced loans, ensuring data input is accurate.
Follow up on any deficiency requests by Post-Closing in a timely manner.
Perform other duties as assigned.
Comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations.