Mortgage Processor / Closer

Liberty Bay Credit Union is one of the oldest and most established credit unions in New England with over 100 years of operations. We remain among the oldest, largest, and most highly capitalized credit unions in the United States. The Braintree-based credit union is a cooperative, non-profit financial institution that offers a full range of financial services to individuals and business members.

Our mortgage lending department is responsible for originating, processing, underwriting, and servicing mortgage loans. 

The Mortgage Processor/Closer’s primary duties consist of interacting with applicants, attorneys and underwriters to process loan documentation, including: disclosures and commitment letters, calculating debt position and loan to value, preparing loan closing documents and performing post-closing review in accordance with FNMA/FHLMC guidelines.

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.

• 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.

We offer an extremely generous benefits package:

• Health care plan (Employer paid)
• Retirement plan (401k)
• Life Insurance
• Paid Time Off (vacation, sick, holidays)
• Family Leave (maternity, paternity)
• Short Term & Long Term Disability
• Training & Development
• Wellness Resources

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