Loan Closer

Loan Closer

We are Addition Financial, a member-owned, not-for-profit financial cooperative, offering comprehensive financial solutions that help members achieve their financial goals. Shareholder profits don't drive us and never have. Since 1937, we've been on a mission to bring financial success and education to everyone and make a positive impact in the lives of our members and the communities we serve. And we want your help to make that happen. We're looking for people who not only want to do meaningful, challenging work, but who also have a heart for service. If this sounds like you, keep reading and we'll dive into the specifics!

The Mortgage Closer is responsible for supporting the Residential Lending Team in administrative duties related to the closing and funding process of mortgage loans. They operate under general supervision but follow specific operating procedures. They utilize various software tools to prepare loan files for closing. The Mortgage Closer plays a crucial role in the real estate lending process by ensuring that all administrative tasks related to mortgage closings are completed accurately and efficiently. They must possess strong organizational, communication, and computer skills, as well as the ability to work effectively both independently and as part of a team. Any duties outside of the scope of this job description must be approved in advance by a duly appointed supervisor to the incumbent of this position.

Essential Duties and Responsibilities:

• Documentation Verification: Verify that basic required documentation for closing is present in loan files.
• Generating Closing Instructions: Use O/C and Doc Magic software to generate closing instructions and forward them to the applicable title company.
• Internal Payoff Generation: Generate internal AFCU payoffs as needed using Mortgage Servicer and Episys.
• Communication and Follow-Up: Follow up on loan files with title companies via email/phone and maintain notes in Synapsys as necessary.
• Workload Management: Assign loan files to closers when scheduled closing dates are received from title companies, ensuring an even distribution of workload.
• Calendar Management: Add loan file closing dates to the Outlook Closings calendar as they are scheduled.
• Record Keeping: Maintain a running total of loan file closings and records month-to-month.
• Document Management: Upload member documents provided into the E-Doc Manager system as needed.
• Utilizing Core Systems: Utilize the Credit Union's core system to retrieve member account information, member profiles, etc.
• Works Independently: Performs daily tasks with minimal supervision.
• Other Responsibilities: Perform other duties as assigned.

Performance Standards:

• Must have a good working knowledge of the credit union, including workflow, legal requirements, and staff utilization.
• Ability to work with a team while maintaining confidentiality, diplomacy, tact, and professionalism.
• Proficiency in contemporary software word-processing programs.
• Demonstrated qualities of a self-starter, organized, dependable, and professional individual.
• And other department wide projects and tasks as assigned.

Requirements:

• Strong administrative and organizational skills are required.
• Ability to read and interpret documents, write routine correspondence, and effectively communicate with other employees.
• Basic mathematical skills required for financial operations.
• Ability to apply common sense understanding to carry out detailed instructions and solve problems.

Any applicable system or program knowledge:

• Proficiency in operating word-processing equipment, laser printers, photocopiers, and fax machines.
• Full knowledge of Microsoft Word and Excel.
• Familiarity with credit union terminology and acronyms commonly used in communication within the credit union system.

Other Characteristics of the Position:

• Physical Demands:
• Sitting for long periods at a time.
• Regularly required to talk or listen.
• Occasional lifting of office supplies up to 20 lbs.
• Vision abilities including close vision and ability to adjust focus.
• Mental Demands:
• Must understand and follow a set of clear oral and/or written procedures without deviation.
• Performs repetitive routine tasks.
• Withstand moderate amounts of stress.
• Must adhere to a provided work schedule to meet a set of qualitative production standards.
• Perform tasks that vary little from day to day.
• Implements others' decisions/procedures with little judgment required.
• Must relay information orally

Working with Us:

We're continually recognized as a top employer because we understand people like you want more out of your career. Like making a difference in people's lives and in the community. Being part of a team that supports each other. Feeling good about the time you spend at work each day. And being able to balance your life while also earning a competitive base salary and benefits, including:

• 401k with profit sharing contribution
• Comprehensive medical, dental and vision coverage from leading insurance providers
• Continuing education and up to $5,000 in tuition assistance annually
• Generous vacation and sick pay
• Paid parental leave and volunteer time off
• Major holidays off including Federal holidays that many other industries don't observe
• Credit union benefits including reduced consumer/mortgage loan rates, free checks, and other financial services discounts

At Addition Financial, we accept you for who you are. We are an equal opportunity employer and do not discriminate based on race, color, creed, religion, national origin, sex, marital status, age, protected veteran status, or disability/handicap with regards to recruitment, selection, placement, promotion, wages, benefits, and any other areas of employment. Personal perspectives and beliefs are what helps our team members, and our company, grow as a whole and we seek to nurture that inclusiveness. We welcome our team member's diverse viewpoints and work together so that everyone's voices are heard. So, if you're ready to take your career to the next level, Count Us In.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.