Mortgage Processor and Closer

Liberty Bay Credit Union•Braintree, MA

2d•Onsite

About The Position

Liberty Bay Credit Union is seeking a Mortgage Processor and Closer to join their mortgage lending department. This role involves processing loan documentation, calculating financial details, preparing closing documents, and performing post-closing reviews according to FNMA/FHLMC guidelines. The position requires interaction with applicants, attorneys, and underwriters, ensuring compliance with regulations and providing excellent member service.

Requirements

A minimum of 3-years experience in a mortgage processing and/or servicing environment (or equivalent)
An Associate’s Degree in Business Administration, Accounting, (or equivalent education/experience)
Proficiency with computer software applications is required
Professional, well-developed interpersonal and communication skills are essential.
Ability to respond professionally to varied inquiries from members; ability to influence subordinates; and ability to effectively communicate and present information to a wide range of audiences including senior management.
Thorough knowledge of all credit union products, services, and procedures; external State and Federal rules and regulations for lending and credit.
Ability to read, analyze, and interpret financial reports, procedures, legal documents and external regulations;
Intermediate math skills (adding, subtracting, multiplying, dividing, percentages, proportions, fractions, interest) are required.

Responsibilities

Process loans from origination to close in compliance with established regulations and guidelines.
Assist members with the loan application process and promote the Credit Union’s products.
Provide administrative assistance to the loan originator and staff.
Calculate closing costs, including mortgage insurance and escrow accounts, and provide a loan estimate for closing costs to the member.
Interact with attorneys on loan closings by providing necessary information, coordinate disbursements, make arrangements for loan closings, and verify all documentation.
Order and verify credit report, flood, real estate appraisal and title work to ensure proper guidelines are followed.
Ensure all loan notifications, commitment letters, disclosures and re-disclosures are complete, accurate and distributed to applicants as required.
Ensure all conditions are met prior to closing.
Maintains a closing and funding schedule to ensure all transactions are properly disbursed in accordance with established timeframes.
Maintains up-to-date knowledge of all applicable LBCU, Secondary Market, State and federal laws, regulations, policies, procedures and guidelines.
Have a sense of urgency and professionalism in all aspects of the position.