Mortgage Closer

Description

Job Title: Mortgage Closer

Department: Mortgage

Reports to: Director of Mortgage Operations

Hours per Week: 38 hrs./week (Hourly Non-Exempt)

Pay: Wage Scale C (Starting at $25.00-$27.00/hr)

Company Summary

Welcome to Financial Plus Credit Union (FPCU) – 'The Place where it’s Possible.'

At FPCU, we believe in the power of collaboration, embrace inclusivity as a strength, and are driven by a shared commitment to success. Our community-centered approach goes beyond financial services; it's about fostering connections and making a positive impact.

Join us, and be part of an environment that prioritizes wellness, encourages continuous learning, and opens doors to developing you into the person you want to be. Explore the opportunities that await you at FPCU – where you aren’t just making a living but joining a PLACE where you can REACH your goals.

Position Summary

The Closer/Pre-Closer/Funder/Post-closer is responsible for preparing closing documents in compliance with secondary market, investor, and credit union policies. Reviewing and signing off on closing conditions including communicating with Originators, Processors, Underwriters, Members and outside vendors during the entire process. May include occasional signing loan documents face to face with Members. Funding loans and reviewing, retaining and delivering post-closing final documents to appropriate investors and auditors. This position is considered a non-loan originator position.

Essential Functions & Primary Responsibilities

• Inputs, prepares, reviews and generates each loan closing package for required documentation and accuracy
• Ensures loan package meets compliance guidelines and fixing discrepancies as necessary
• Serves as liaison between FPCU and the loan officer and outside vendors.
• Calculates funding amount for each loan package, balances figures with closing agent.
• Serves a point of contact for all complex closing questions
• Releases wire and funds loans
• Completes work within established closing deadlines
• Review and sign off closing conditions
• Ensures compliance with all federal and state laws and regulations, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Asset Controls, and should request legal interpretation as necessary. Must ensure subordinates are also compliant with such laws and regulations.
• Must be bondable.
• Perform other duties as assigned.

Requirements

Education & Qualifications

• At least an associate’s degree in business or similar related experience
• 1-2 years of experience working in Mortgage Lending 
• This position requires an understanding of basic computer skills including m365 suites.

Skills and Abilities

• Familiar with reading and interpreting investor guidelines, lender guidelines, policies and procedures 
• Knowledge of mortgage closing documents, compliance documents, HMDA, TRID, RESPA, TILA disclosure requirements
• Strong attention to detail and organizational skills
• Ability to work in a fast-paced environment
• Ability to quickly connect with people in an outgoing, friendly manner
• Ability to work independently
• Previous experience within the mortgage industry closing loans and processing legal documents 
• Quick to learn any LOS system
• Thorough understanding of Credit Union and Banking Regulations 
• Outstanding analytical skills and problem-solving ability
• Presents a positive and professional image to members through effective and courteous verbal and written communications.
• Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.
• Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
• Ability to be mindfully flexible and willing to go with the flow.
• Ability to deal with difficult concepts and complex variables.

Physical Demands & Work Environment 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Sedentary work; sitting most of the time. Exerts up to 10+ pounds of force occasionally.
• The noise level in the work environment is professional and typically moderate.

This job Description is not a complete statement of all duties and responsibilities comprising this position.