Mortgage Closer
USALLIANCE Financial, United States

Manage our closing loan pipeline comprised of loans that are cleared to close and ready for closing documents to be prepared.

• Close all loan product types including first mortgages, HELOCS, HE-Loans and Construction to Perm loans in accordance with State and Federal Regulatory requirements.
• Schedule and coordinate timely loan closings - working with all interested parties including Settlement Agents, Broker Partners amp; Borrowers.
• Closely examine all loan data and ensure accuracy of all information relating to but not limited to fees, rates, property information, borrower information, title report, vesting info, etc.
• Ensure the complete and timely preparation of Closing Disclosures.
• Prepare the Initial Closing Disclosure and notify all borrowers and title holders that the Initial CD has been sent and ensure all required parties have acknowledged receipt.
• Review all third-party invoices (and obtain any that are missing) and confirm they match those fees displayed on the final CD.
• Ensure that all Doc conditions have been signed off on by underwriting and that all closing conditions have been reviewed and listed as pre-closing or post-closing requirements on closing instructions.
• Complete all required Closer QC on loan file including conditions within LOS, worksheets, checklists, etc.
• Perform QC on other Closer/Team Members closing doc packages as needed.
• Review wiring instructions, confirm accuracy with Escrow Agent.
• Calculate funding amounts for each loan and balance with Escrow Agent.
• Review and confirm final funding conditions to confirm requirements have been met and either sign off or follow up with outstanding condition if not satisfied.
• Ensure all loans close and fund on time and in adherence to USALLIANCE Policy amp; Procedures and follow all State and Federal regulations.
• Generate Loan Closing Reports. Book new mortgage loans to core system from loan origination system.
• Review new loans for FHLB pledging eligibility and complete account maintenance.
• Complete transactions to remit funds to borrowers. Respond to member inquiries via email and phone calls.
• Other duties as assigned.

Requirements

• Minimum of 2 years of Current Experience as a Mortgage Closer is preferred.
• Knowledge of mortgage banking industry basic lending, real estate contracts, titles, and language.
• Knowledge of State amp; Federal Regulatory Requirements, including TRID.
• Must be highly flexible and able to work overtime as needed during times of high volume.
• Experience utilizing Loan Origination Systems (LOS) Encompass preferred and Document Prep Software, such as Encompass Docs or DocMagic.
• Overall computer proficiency required and knowledge amp; experience utilizing MS Word, Excel and Outlook Mail.
• Excellent written, verbal, and interpersonal communication skills; Ability to follow established processes and procedures.
• Must have strong attention to detail and ability to efficiently and consistently produce accurate closing documents.
• Must be highly organized and able to multi-task while working in a fast-paced and sometimes stressful environment with heavy loan volume.
• Must be able to prioritize work and have excellent problem-solving skills, sound judgment and ability to make decisions within established departmental amp; CU written policy and procedures.
• Must be a proactive and self-directed individual with a positive attitude who works well both independently and as part of a team.
• Ability to provide superior customer service to our Members, Brokers, Settlement Agents and Vendor Partners.
• Credit Union experience is a plus.
• Fiserv DNA experience is preferred.

Benefits

Work Culture amp; Benefits

• Medical and Dental Insurance
• Employer Paid Vision and Life Insurance
• 401(k) Savings Plan with Employer Match
• Flexible Spending Accounts for Health amp; Dependent Care Expenses
• Collaborative amp; Dynamic Co-workers
• Innovative amp; Relevant Technology Resources
• Career Planning

USALLIANCE Federal Credit Union, as an Equal Opportunity Employer, values and supports the diverse cultures, perspectives, skills and experiences within our workforce.

Job Rewards and Benefits