Mortgage Closer

Job Description

Job Description

About Us:

At USALLIANCE, we pride ourselves on innovation, teamwork, training and development and career planning. We are a unique members-first Credit Union Culture driven by our core Values: Trust, Collaboration, Achievement and Making a Difference. As part of our team, you will have the opportunity to grow both personally and professionally in an inclusive and supportive environment. Represent USALLIANCE in the community and form lasting relationships with our members and partners.

About This Role:

The mortgage closer is responsible for finalizing the mortgage loans. Their primary duties include reviewing loan data, preparing closing documents, ensuring compliance with regulatory requirements, and coordinating with various parties involved in the transaction to ensure the documentation is complete and accurate.

Key Responsibilities:

• Manage closing loan pipeline comprised of loans that are cleared to close and ready for closing documents to be prepared.
• Ability to close all loan product types including first mortgages, HELOCS, and HE-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 & Borrowers.
• Closely examine all loan data and ensure accuracy of all information relating to but not limited to fees, 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.
• Prepare and verify wire requests
• 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 on closing instructions.
• 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 & Procedures and follow all State and Federal regulations.
• Respond to member inquiries via email and phone calls.
• Other duties as assigned.

Who You Are:

• High school diploma or equivalent required.
• Knowledge of mortgage banking industry basic lending, real estate contracts, titles, and language.
• Knowledge of State & Federal Regulatory Requirements, including TRID.
• Minimum 2 years of Current Experience as a Mortgage Closer preferred.
• 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 & 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 & 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 preferred.

What We Offer:

• Competitive salary and benefits package
• Opportunities for professional development and career growth with exposure to mentorship from the executive team.
• Hybrid Schedule (min 3 days in office to maximize collaboration)
• A collaborative and inclusive work environment
• Paid Time Off, Wellness Time & Paid Federal holidays
• 401K with 6% match
• High Performance Culture that specializes in training to sharpen and expand skills brought to USALLIANCE.

Become a part of a team where your ideas are valued, your growth is supported, and your work makes a difference. Apply today and take the next step in your career with USALLIANCE.

EQUAL OPPORTUNITY EMPLOYER

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

This job description is for informational purposes only and should not be construed as a complete listing of the job responsibilities and requirements. This job description may be modified at any time, for any reason, at the sole discretion of management.

At this time, USAlliance Federal Credit Union will not sponsor a new applicant for employment authorization or offer any immigration related support for this position (i.e., H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, or another type of work authorization).

If you need sponsorship now or in the future, look for this statement in the job description before you apply: “USAlliance Federal Credit Union will consider sponsoring a new, qualified applicant for employment authorization for this position”. If this is not listed in the job description, USAlliance Federal Credit Union will not provide sponsorship for the candidate to work in the United States.

It is unlawful for USAlliance to require or administer a lie detector test as a condition of employment or continued employment. In accordance with applicable state laws, an employer who violates this law shall be subject to criminal penalties and civil liability.

In the spirit of pay transparency, we are excited to share the base hourly range for this position is , $25.24 - $30.92, exclusive of fringe benefits or potential incentives. This position is also eligible for an annual corporate bonus. If you are hired at USALLIANCE Federal Credit Union, your final base salary compensation will be determined based on factors such as skills, education, and/or experience. In addition to those factors, we believe in the importance of pay equity and consider the internal equity of our current team members as a part is any final offer. Please keep in mind that the range mentioned above is the full base salary for the role. Hiring at the maximum of the range would not be typical to allow for future and continued salary growth. We also offer a generous compensation and benefits package.

All positions must adhere to standard BSA/AML policies, procedures, and processes. Employees must demonstrate awareness of business functions and how business decisions affect financial and/or non-financial work results.