Mortgage Loan Closer
Mortgage Loan Closer
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The purpose of the Mortgage Loan Closer is to coordinate the closing of all mortgage loan products which includes the following core purposes: Liaison between the borrower mortgage lending staff and third parties to the mortgage transaction Analyze interpret and act upon title policy conditions Develop and finalize closing disclosure based on TRID regulatory compliance with title company and borrower Analyze interpret and make decisions in order to clear underwriting conditions Coordinate the closing of the transaction with the title company realtor MLO and borrower Coordinate and deliver necessary credit union and borrower funds to title company Maintain compliance with Reg B HMDA and TRID regulatory requirements Accountability to meet required credit union and purchase contract deadlines in order to deliver an exceptional borrower experience
Essential Functions
- Develop and finalize closing disclosure and update closing costs as needed throughout the loan process to prevent tolerance violations and loan eligibility.
- Review interpret and act upon underwriting conditions
- Coordinate loan closing time and location with member title company and third parties.
- Prepare and verify closing documents to ensure accuracy and compliance with investor and lending regulations.
- Coordinate with title companies MLOs borrowers and thirdparty vendors to prepare and deliver accurate closing disclosures within required timeframes.
- Originate external and internal wire transfers to fund loan.
- Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures and regulations pertaining to the Bank Secrecy Act.
Qualifications :
Minimum Formal Qualifications for this Position
- High School Diploma/G.E.D. or equivalent.
- Associates Degree in Accounting Finance Business Administration or related field of study. Preferred
- 2 combined experience in customer service financial services real estate accounting or financerelated field. Required
- 1 years experience in a mortgage loan closing/processing role. Preferred
Each year of relevant work experience may be exchanged for a year in a relevant degree program or vice versa. For example a requirement of a bachelors degree in accounting and 2 years of account experience could be substituted for a high school diploma and 6 years of relevant accounting work experience or a masters degree in accounting and 0 years of work experience.
Technical or Specialized Knowledge/Skills:
- Working knowledge of first mortgage products terminology and process flow.
- Working knowledge of investor and lending regulations.
- Working knowledge of purchase contracts and title commitments.
- Strong problemsolving ability.
- Strong win/win focus on coordinating member service and external pressures to create positive outcomes for all interested parties.
- Ability to prioritize/manage files and allocate resources.
- Organized detail oriented flexible and able to multi task in an everchanging environment.
- Display positive professional demeanor and work independently with little supervision.
- Selfmotivated.
- Initiative to meet and/or exceed job standards and willingness to take on other tasks that support the goals of the Credit Union.
- Effective verbal and written communication skills.
- Strong mathematical skills.
Certifications Required:
- None
Environmental Physical and Psychological Requirements
- Standing Occasionally
- Walking Occasionally
- Sitting Frequently
- Lifting Rarely (40 Lbs)
- Carrying Rarely
- Pushing Rarely
- Pulling Rarely
- Balancing Rarely
- Stooping Rarely
- Kneeling Rarely
- Crouching Rarely
- Crawling Rarely
- Reaching Occasionally
- Handling Occasionally
- Grasping Occasionally
- Feeling Occasionally
- Talking Frequently
- Hearing Frequently
- Repetitive Motions Frequently
- Eye/Hand/Foot Coordination Occasionally
- Noises louder than normal speaking volume Occasionally
- Temperature Changes Rarely
- Atmospheric Conditions Rarely
Additional Information :
The pay range for this position is: $23.36 to $24.98 per Hour (S12)
Final compensation for this position will be determined by various factors such as relevant work experience specific skills and competencies education certifications and internal pay equity.
This position is eligible for a monthly incentive plan.
Benefits Summary Sheet
At Ent Credit Union we offer a comprehensive benefits package including:
- Health Benefits: Affordable insurance 24/7 doctor access and a nationwide provider network.
- 401(k): 3% automatic contribution after three months plus up to 6% matching.
- Paid Time Off: During your first year enjoy 16 days of paid time off (PTO) plus 9 paid holidays. And it grows from there.
- Volunteer Time Off: Paid time off to give back to the community.
- Education Support: Up to $10000 annually for higher education and assistance for certifications.
- Exclusive Discounts: Significant savings on home car and personal loans.
For more information about our outstanding benefits please visit our careers page at anticipate this position to close on 05/27/2025. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about discussed or disclosed their own pay or the pay of another employee or applicant. However employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information unless the disclosure is (a) in response to a formal complaint or charge (b) in furtherance of an investigation proceeding hearing or action including an investigation conducted by the employer or (c) consistent with the contractors legal duty to furnish information. 41 CFR 601.35(c)
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
