Mortgage Loan Closer / Seller

$50,960 - $68,640/Yr

Signal Financial Federal Credit Union - Kensington, MD

Full-time - Mid Level

Kensington, MD

Credit Intermediation and Related Activities

About the position

The Mortgage Loan Closer / Seller is responsible for the successful closing, post-closing, and secondary market duties of first trust mortgage loans and home equity loans. This role ensures that all processes are completed in a timely manner, adhering to company and investor policies and requirements.

Responsibilities

• Timely and accurate collection of documentation needed to clear final conditions prior to working up closing instructions.
• Ensure all loan system data, dates, and reporting criteria are complete and accurate.
• Display thorough knowledge of accounting principles and procedures.
• Interact closely with management, underwriting, processing, loan officers, and borrowers to provide regular updates to achieve goals for production time, pull through, and member satisfaction.
• Coordinate with title companies to order/process and schedule loan closings.
• Prepare and send closing instructions as well as final documents.
• Audit, correct, and issue final approval of Closing Disclosure prior to sending documents to the member.
• Perform post-closing quality control and work internally and with QC vendor to correct any defects.
• Reconcile closing fees to mortgage general ledger accounts once the closed loan packet is received from the title office.
• Demonstrate leadership through personal actions and day-to-day practices that support Signal Financial's FCU core values.

Requirements

• High School diploma or equivalent required.
• Two to five years of 1st mortgage and home equity closing experience.
• Knowledge of Fannie Mae/Freddie Mac and FHA guidelines as well as credit union lending policies, procedures, and regulations.
• Thorough understanding of the requirements and features of the mortgage loan programs offered by SFFCU, other private investors, and the secondary mortgage market.
• Excellent oral and written communication skills required.
• Strong loan math calculation skills including the use of automated spreadsheet development and basic analytics required.
• Analytical decision-making ability with attention to detail.
• Ability to multitask and prioritize work as required.
• PC proficient to include: Word, Excel, Outlook, internet.
• Familiarity with mortgage loan origination systems and processing software.

Nice-to-haves

• Finastra MortgageBot LOS experience is a plus.