The position involves closing first mortgage loans in compliance with applicable federal and state laws, as well as Navy Federal policies and procedures. The primary responsibility is to prepare mortgage packages for delivery to settlement companies, ensuring that all necessary documentation is in order for the closing of conventional, Veteran's Administration (VA), and Federal Housing Administration (FHA) mortgage products. The role requires coordination of the closing and funding of assigned loan packages, which includes authorizing the release of closing packages to the closing agent under minimal supervision. In this role, you will determine the amount to be withheld from loan proceeds, request and process internal payoffs, and prepare requests for loan disbursement. You will also need to assess the status of the title and review mortgagees, mortgagors, manner of title, and existing or proposed liens for accuracy. It is essential to ensure that credit, underwriting, and property conditions have been satisfied prior to closing. Evaluating title exceptions and clearing any mortgage-related deficiencies within a specified time period is also a critical part of the job. Maintaining contact with lawyers, settlement agents, and real estate brokers regarding the status of the closing package is necessary to ensure smooth operations. You will monitor the mortgage loan process to ensure compliance with federal laws, as well as Navy Federal, NCUA, and secondary market practices, guidelines, and regulations. Additionally, you will prepare a fully executed mortgage file for post-closing and provide the closing agent with information for the title binder and specifics about documents and conditions required for closing. Reviewing preliminary and final closing packages, including HUD-1 for RESPA compliance, and property surveys for unacceptable or uninsurable encroachments or violations are also part of your responsibilities. Finally, you will schedule settlements with the closing agent, member, seller, and realtor, and verify the completeness and accuracy of approved credit packages while performing other duties as assigned.