MORTGAGE LOAN CLOSER

SUMMARY:

In accordance with sound underwriting practices as set out in policy and procedure, examines, evaluates, and recommends  closing of borrower's  real estate loans. Communicate effectively with closing attorneys. Responsible for review of settlement statement and disbursed funds.  Audit post-closing package received from attorneys. 

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Provides in person or by telephone, information concerning the mortgage loan process and procedures, as well as other credit union products and services.
• Conducts interviews with loan applicants.
• As volume warrants, Processes real estate loan applications, including, conforming mortgage loans to secondary market standards (ordering appraisals, credit reports, wood infestation reports, and income/employment and deposit verifications). 
• Prepares loan closing reports/papers for the attorney.
• Organizes and standardizes all the completed mortgage loan files.
• Balances flood and bank wire general ledgers.
• Maintains application and approval records to comply with the "Home Mortgage Disclosure Act" for the credit union.
• Posts payments and disbursements from escrow funds as required.
• Prepares and mails Regulation B notifications on disapprovals.
• Prepares subordinations, modifications, and lost satisfactions.
• Processes attorney checks in to correct GL.
• Sends bank wires for all transactions.
• Other duties as assigned.

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be outgoing, enthusiastic, conscientious, group oriented, open to change and be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:

High school diploma; and at least two years related experience and/or training in real estate lending; or equivalent combination of education and experience in a related field.