Senior Mortgage Loan Closer/Funder - Branchburg, NJ

Financial Resources Federal Credit Union Inc • Branchburg Township, NJ

2d • Hybrid

About The Position

Financial Resources FCU is seeking a Senior Mortgage Loan Closer/Funder for their Residential Lending Department. This role involves extensive administrative and member service work, with primary responsibilities for the timely and accurate processing of loan closing files. The ideal candidate will possess strong organizational and prioritization skills, a solid understanding of Conventional TRID loan guidelines, a high degree of accuracy, problem-solving abilities, and the capacity to thrive in a fast-paced environment. This position requires minimal supervision. Initially, the role is on-site 5 days a week for the first 90 days, after which employees may qualify for a Work/Life Balance program offering a 4-day work week (3 days in office, 1 day remote).

Requirements

• 5 years of similar or related work experience
• 3 years of related mortgage closing experience with TRID or relative combination of education and experience
• Encompass experience is required
• Excellent communication skills

Nice To Haves

• Caring
• Initiative
• Ethics
• Job Knowledge
• Self-Development
• Teamwork
• Analytical Thinking
• Communication
• Quality
• Sense of Urgency

Responsibilities

• Prepare accurate and complete loan closing documents within the Encompass Production System and coordinate delivery to title companies for closing.
• Produce a compliant and error-free Closing Disclosure, ensuring it is delivered to the borrower within all TRID regulatory timing requirements.
• Monitor borrower receipt and acknowledgment of the Closing Disclosure.
• Verify the accuracy of all closing documents, including borrower information, interest rate, loan term, loan type, first payment date, and escrow details.
• Review underwriting conditions to confirm loan salability and full adherence to the approved underwriting decision.
• Collaborate with Correspondent Lenders to ensure closing documents accurately reflect their requirements and expectations.
• Coordinate funding dates with the Accounting team to ensure timely and accurate loan disbursements.
• Verify that all lender and title company fees comply with TILA/RESPA guidelines.
• Manage closing packages with title companies to ensure timely delivery and adherence to established closing dates.
• Confirm that loans close within the specified investor lock periods.
• Ensure all Credit Union real estate loans and documentation comply with FHLMC, FHLBNY, and NCUA regulatory guidelines.
• Identify opportunities to improve policies and procedures to increase departmental efficiency; maintain and enhance internal controls to safeguard assets.
• Provide coaching, training, and support to junior closing staff as needed.
• Assist in managing the Residential Lending pipeline of 20–50 loans, including weekly follow-ups with operations staff to resolve deficiencies and address potential issues.
• Prepare wires and fund mortgage loans, including the release of escrow conditions.
• Complete and maintain MERS transfers for sold loans.
• Support Secondary Loan Sales by assisting with internal and external audits.
• Maintain accurate HMDA data within Encompass and perform validation through QuestSoft.
• Perform General Ledger reconciliations.
• Monitor and complete post-closing procedures.
• Adhere to all company policies, procedures, and regulatory requirements.
• Work the necessary days and hours to fulfill all responsibilities. Remain available during regular business hours to communicate effectively with employees, members, managers, and external partners.
• Maintain courteous, professional, and effective working relationships with all employees, members, vendors, and external representatives.
• Communicate clearly, concisely, and professionally when conveying information, identifying problems, or proposing solutions.
• Demonstrate flexibility and adaptability to changing business needs and priorities with minimal notice, while maintaining high performance standards.

Benefits

• A competitive salary
• Generous paid time off
• Health, dental and vision plans for employees and their families
• Health Savings and Flex Spending Accounts
• Short and Long Term Disability Programs
• Parental Leave Programs
• 401K with employer match and potential for additional profit-sharing contributions
• Paid volunteer days
• Opportunities for career advancement and continuous learning and development and tuition reimbursement
• Work/Life Balance Programs

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed