Mortgage Post Closer

Lafayette Federal Credit Union • Rockville, MD

12h • $42,612 - $51,360 • Hybrid

About The Position

Lafayette Federal Credit Union is seeking a Mortgage Post Closer to join their dynamic team. This hybrid position, based in Rockville, MD, is responsible for providing effective loan servicing to members, quality control of servicing issues, and supporting investor loan sales and service. The role involves funding and loan boarding, post-closing review and investor delivery, compliance, quality control, risk management, systems and documentation management, and cross-functional support. The company is a recipient of USA Today's Top Workplaces of 2026 award and is committed to inclusion, diversity, high performance, and community involvement.

Requirements

• High School Diploma or equivalent required
• Minimum of three (3) years of mortgage closing, funding, post-closing, shipping, investor delivery, or related mortgage operations experience required.
• Proficiency with Loan Origination Systems (LOS), preferably Encompass, and Microsoft Office applications, including Outlook, Excel, and Word.
• Strong knowledge of mortgage loan documentation, funding, post-closing, shipping, investor delivery, collateral management, and regulatory compliance requirements.
• Working knowledge of federal and state mortgage lending regulations, agency guidelines, investor requirements, and MERS registration and transfer processes.

Nice To Haves

• Associate Degree in Business, Finance, Accounting, or a related field preferred.
• Experience working with Conventional, FHA, VA, USDA, Portfolio, Home Equity, and investor-delivered mortgage products preferred.
• Experience with MERS registration, investor delivery, collateral documentation, loan boarding, and post-closing quality control processes preferred.

Responsibilities

• Review funding packages to ensure all required documents, approvals, and closing conditions have been satisfied prior to releasing funds.
• Verify funding authorization requirements, wire instructions, payoffs, and disbursement details for accuracy and completeness.
• Coordinate with settlement agents, title companies, attorneys, and internal departments to resolve funding issues and facilitate timely loan closings.
• Release loan proceeds in accordance with established policies, procedures, and funding authorities.
• Ensure loans are accurately boarded to servicing and core systems.
• Reconcile funding reports, disbursement records, and loan booking information to ensure accuracy.
• Research and resolve funding discrepancies, balancing issues, and loan boarding exceptions.
• Monitor loan files to support timely funding and minimize closing delays.
• Review closed loan packages for completeness, accuracy, proper execution, notarization, and compliance with investors, agency, and regulatory requirements.
• Identify and clear post-closing deficiencies, missing documentation, trailing documents, and investor suspense conditions.
• Prepare and deliver loan files to investors, warehouse banks, custodians, and servicing systems within established timeframes.
• Monitor and track outstanding post-closing conditions to ensure timely resolution.
• Review recorded documents, final title policies, collateral files, and related documentation for completeness and accuracy.
• Maintain tracking systems to ensure accurate reporting of funded, purchased, and delivered loans.
• Follow up with settlement agents, title companies, and recording offices regarding outstanding documents and recording status.
• Ensure compliance with federal and state regulations, agency guidelines, investor requirements, and internal lending policies.
• Perform quality control reviews to identify documentation deficiencies, data integrity issues, and compliance exceptions.
• Register loans with MERS and complete transfers, assignments, and updates as required.
• Assist with internal audits, external audits, examinations, and quality control reviews by providing requested documentation and responses.
• Support HMDA, investor, and regulatory reporting requirements as assigned.
• Maintain complete and accurate audit trails and loan documentation.
• Ensure funding issues are identified early and resolved promptly.
• Update Encompass and other applicable systems with accurate funding, shipping, purchase, recording, collateral, and final document status information.
• Scan, upload, index, and maintain electronic loan files and supporting documentation.
• Maintain accurate records of funding activities, post-closing reviews, investor deliveries, and trailing document tracking.
• Assist with testing and implementation of system enhancements, workflow improvements, and technology updates related to funding and post-closing operations.
• Generate reports and provide status updates as requested.
• Communicate effectively with internal departments, settlement agents, title companies, attorneys, investors, warehouse lenders, and servicing partners regarding funding and post-closing requirements.
• Assist with special projects and operational initiatives as assigned.
• Provide support during periods of high volume and assist other mortgage operations functions when needed.
• Participate in department meetings, training programs, and process improvement initiatives.

Benefits

• Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
• Fully funded deductible (HMO Plan)
• 401k employer matching contribution
• Income protection with life insurance, short and long-term disability
• Paid time off, holiday leave & birthday leave
• Educational assistance
• Commuter benefits program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED