Job Description:
Position Summary :
The Mortgage Closer is responsible for compiling and producing all mortgage closing documentation, scheduling and coordinating closing with all parties involved, following up the receipt of final documents, and coordinating the daily workflow.
Primary Responsibilities and Duties:
- Reviews title commitments to obtain any necessary payoff statements and possible deeds and reviews underwriter conditions prior to compiling figures.
- Compiles and enters all mortgage closing figures in the mortgage system. Prepares initial and final closing disclosures on all mortgage loans.
- Submit all closing disclosures to borrowers as well as submitting closing instructions and closing packages to Title Companies.
- Schedules and coordinates closings with Members, Title companies, Loan Originators, and Realtors.
- Reviews closing disclosures with members three days prior to closing date.
- Follows up on final document tracking reports for final title policies, recorded mortgages, subordinations, and any other mortgage documents needed to ensure a complete and sellable closing package.
- Performs post-closing audit of closing packages upon receipt from Title Company.
- Maintains and disburses escrow funds held for completion of work repairs per underwriting condition.
- Prepares daily wire funding for closings including any FHA, USDA and VA requests.
- Review and activate mortgage insurance and/or government certifications for applicable loans.
- Accurate completion of all mortgage loan documentation according to and in compliance with all federal and local regulations and investor requirements.
- Closing loans within a targeted time frame to provide timely member service and avoid any penalties or losses because of expired rate commitments.
- Accountable for understanding and applying government laws and regulations and EWCU policies and procedures relating to the Anti-Money Laundering Regulations including but not limited to the Bank Secrecy Act (BSA), US PATRIOT ACT, OFAC, and any mortgage-specific legal and regulatory compliance and quality control matters
- Assumes additional responsibilities as necessary for the continued growth and advancement of the Credit Union.
Knowledge/Skills:
- Excellent communication and organizational skills.
- Knowledge of federal regulations as they relate to the closing function.
- Proficient use of Microsoft Office and mortgage systems applications, including but not limited to: Encompass, WebXtender, XP2, and additional vendor website applications
Minimum Requirements:
- High School Diploma or GED.
- 1+ year experience in the financial industry.
- 1+ year experience in mortgage lending, operations or production preferred.
The estimated hourly base rate for the position is typically between $19.87 - $22.85.
The actual base pay for the position may be influenced by factors such as education, training, skills, qualifications, competencies, years of experience, job-related knowledge, and scope of role, and could be outside of the posted pay range.
Everwise is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.