Mortgage Loan Closer

Mortgage Loan Closer

This position is responsible for the closing duties associated with First United Bank mortgage loans according to all bank, investor, and regulatory requirements.

Major Duties and Responsibilities (Essential Functions)

• File Auditing: Audit the mortgage loan file for accuracy and review underwriting approvals for clear-to-close and specific closing/funding conditions.
• Data Verification: Verify that the lock, loan approval, fees, and current loan entry program data all match completely.
• System Management: Ensure the loan is correct within the loan entry program, complete all required closing fields, and log file progress in the conversation log or loan story during every interaction.
• Title Coordination: Prepare and send closing instructions, invoices, insurance, and relevant file items to the title company 24 hours prior to closing.
• Closing Disclosure (CD) Management: Review title company CDs, secure MLC approval on figures, issue initial CDs to borrowers, and handle Changes of Circumstance (COC) CDs when applicable.
• Document Preparation: Prepare, review, and send final closing documents to the title company while maintaining strict compliance and accuracy.
• Funding Operations: Verify wiring instructions, initiate wire transfers, send expedited funding authorizations to title, and successfully complete all funding checklist items.
• Communication & Collaboration: Provide consistent file status updates to the MLC and Loan Assistant, and assist the post-closing and shipping departments with missing documents or file issues.

Additional Duties and Responsibilities

• Performs other duties as assigned by supervisor.
• Completes all required compliance exams on a yearly basis.
• Adherence to all First United Policies and Procedures.
• Dresses professionally.
• Recommends to supervisor possible methods to improve department.

Employee Specifications

To perform this job successfully, an individual must 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 Work Experience

Minimum of five years experience in a loan production environment

Minimum of two years experience closing FHA, VA, FNMA, non-conforming and conventional loans

Technical/Functional Competencies

Experience with ENCOMPASS loan origination and fulfillment software a plus

Experience with Microsoft Word, Excel and Outlook

Teamwork and customer service skills a must

Strong written and verbal communication skills

Strong ability to build and maintain relationships with other departments

First United is an Equal Opportunity Employer. To the extent required by Federal or State law, First United does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, or any other characteristic protected by law.