Mortgage Post Closer

Mortgage Post Closer

Join Lafayette Federal Credit Union, a proud recipient of USA Today's Top Workplaces of 2026 award! We are expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success.

If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Mortgage Post Closer to join our dynamic team!

Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! In addition to our Top Workplaces recognition by USA Today, we have also been recognized nationally by (1) Newsweek's America's Best Bank's list, (2) we've received a 5-star rating from Bauer financial, and (3) we've also received national recognition by S&P Global's Top Performing Credit Union's!

Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community.

Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

We are currently seeking a Mortgage Post Closer to join our winning team. This position which is based in Rockville, MD, is responsible for providing effective loan servicing to members, quality control of servicing issues, and effectively supporting investor loan sales and service.

A day in the life of the Mortgage Post Closer will include:

Funding and Loan Boarding

• Review funding packages to ensure all required documents, approvals, and closing conditions have been satisfied prior to releasing funds.
• Verify funding authorization requirements, wire instructions, payoffs, and disbursement details for accuracy and completeness.
• Coordinate with settlement agents, title companies, attorneys, and internal departments to resolve funding issues and facilitate timely loan closings.
• Release loan proceeds in accordance with established policies, procedures, and funding authorities.
• Ensure loans are accurately boarded to servicing and core systems.
• Reconcile funding reports, disbursement records, and loan booking information to ensure accuracy.
• Research and resolve funding discrepancies, balancing issues, and loan boarding exceptions.
• Monitor loan files to support timely funding and minimize closing delays.

Post-Closing Review and Investor Delivery

• Review closed loan packages for completeness, accuracy, proper execution, notarization, and compliance with investors, agency, and regulatory requirements.
• Identify and clear post-closing deficiencies, missing documentation, trailing documents, and investor suspense conditions.
• Prepare and deliver loan files to investors, warehouse banks, custodians, and servicing systems within established timeframes.
• Monitor and track outstanding post-closing conditions to ensure timely resolution.
• Review recorded documents, final title policies, collateral files, and related documentation for completeness and accuracy.
• Maintain tracking systems to ensure accurate reporting of funded, purchased, and delivered loans.
• Follow up with settlement agents, title companies, and recording offices regarding outstanding documents and recording status.

Compliance, Quality Control, and Risk Management

• Ensure compliance with federal and state regulations, agency guidelines, investor requirements, and internal lending policies.
• Perform quality control reviews to identify documentation deficiencies, data integrity issues, and compliance exceptions.
• Register loans with MERS and complete transfers, assignments, and updates as required.
• Assist with internal audits, external audits, examinations, and quality control reviews by providing requested documentation and responses.
• Support HMDA, investor, and regulatory reporting requirements as assigned.
• Maintain complete and accurate audit trails and loan documentation.
• Funding issues are identified early and resolved promptly.

Systems and Documentation Management:

• Update Encompass and other applicable systems with accurate funding, shipping, purchase, recording, collateral, and final document status information.
• Scan, upload, index, and maintain electronic loan files and supporting documentation.
• Maintain accurate records of funding activities, post-closing reviews, investor deliveries, and trailing document tracking.
• Assist with testing and implementation of system enhancements, workflow improvements, and technology updates related to funding and post-closing operations.
• Generate reports and provide status updates as requested.

Cross-Functional Support:

• Communicate effectively with internal departments, settlement agents, title companies, attorneys, investors, warehouse lenders, and servicing partners regarding funding and post-closing requirements.
• Assist with special projects and operational initiatives as assigned.
• Provide support during periods of high volume and assist other mortgage operations functions when needed.
• Participate in department meetings, training programs, and process improvement initiatives.

Qualifications:

• High School Diploma or equivalent required; Associate Degree in Business, Finance, Accounting, or a related field preferred.
• Minimum of three (3) years of mortgage closing, funding, post-closing, shipping, investor delivery, or related mortgage operations experience required.
• Experience working with Conventional, FHA, VA, USDA, Portfolio, Home Equity, and investor-delivered mortgage products preferred.
• Experience with MERS registration, investor delivery, collateral documentation, loan boarding, and post-closing quality control processes preferred.
• Proficiency with Loan Origination Systems (LOS), preferably Encompass, and Microsoft Office applications, including Outlook, Excel, and Word.
• Strong knowledge of mortgage loan documentation, funding, post-closing, shipping, investor delivery, collateral management, and regulatory compliance requirements.
• Working knowledge of federal and state mortgage lending regulations, agency guidelines, investor requirements, and MERS registration and transfer processes.

Top benefits or perks: Joining Lafayette Federal comes with perks to support you in your personal and professional journey. We provide employees with a generous benefits package including:

• Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
• Fully funded deductible (HMO Plan)
• 401k employer matching contribution
• Income protection with life insurance, short and long-term disability
• Paid time off, holiday leave & birthday leave
• Educational assistance
• Commuter benefits program and more!

Pay: $42,612 - $51,360 annually (or $20.49 - 24.69/hr) depending on experience and qualifications. The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.

*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer*EOE/AA/DISABILITY/VETERAN