Mortgage Loan Closer

Please reference the schedule and minimum qualifications listed below before applying.

If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at  option 1 or email  and every reasonable effort will be made to accommodate your needs in a timely manner.

To accurately analyze processes and procedures in the closing area and make recommendations on improving lending practices. To help ensure compliance with credit union policy, procedure, NCUA, CFPB and others. Facilitates the closing of real estate loans according to real estate policy and procedures as well as compliance regulations. Serve as a resource to loan closer I’s.

LOCATION

Hybrid - 3 days a week in office

Tanner Building:

7167 S Center Park Drive
West Jordan, UT 84084
United States of America

SCHEDULE

Full Time

To be effective, an individual must be able to perform each job duty successfully.

• Demonstrates strong analytical abilities when running and analyzing loan documents through Encompass. Also strong communication skills when approving and denying Closing Disclosures on purchases and mortgage refinancing requests and recommending approval and denials up to $2,
• Ensures that our LOS is updated with the correct lock information, including loan type, loan amount, rate, term, and pricing, so that the loan is closed correctly.
• Provides strong expertise in Secondary Market, CFPB, NCUA regulations regarding Ability to Repay, TRID, Fair Lending.

• Reviews discrepancy reports and works to resolve any outstanding issues between DMI, investors, MI companies, FHA, and accounting to ensure each properly balances and issues are resolved in a timely manner.
• Coordinates between closers and investors to ensure any suspense items are resolved in a timely manner.
• Closes all loan products including VA, Construction, FHA, Idaho Housing, Utah Housing, Rural Housing
• Provides thorough understanding of MACU portfolio programs as well as secondary market guidelines for external investors (learning over 80+ different programs, as well as 10 investors) their processes and guidelines of closing such applications
• Works with the closers to ensure files are being closed and shipped timely, files are being cleaned out, sent for scanning and all other department standards are being met or exceeded.
• Helps to maintain flow of information and communications between loan officers, processors, underwriters and credit union management to achieve the utmost effectiveness of department performance.
• Uploads loan documents to the UDCP (Uniform Data Collateral Portal) to Fannie Mae and Freddie Mac
• Works with training and development officer to provide ongoing training for staff to keep up-to-date on product and procedure changes.
• Works with Mortgage Operations Manager to create and maintain monthly reports to ensure loan productivity levels per loan closer are satisfactory, closed loans are being coded properly, and lock deadlines are being met.
• Works with closers and underwriters to oversee investor funding/suspensions and FHA uninsured loans are done within time allowed.
• All other duties as assigned.

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

One to three years of similar related experience.

High school diploma or equivalent

~

Must be able to qualify for an NMLS number under S.A.F.E Act

None

Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.

Must have the ability to read and interpret documents such as safety rules, operating and maintenance instruction, and procedure manuals. Knowledge of real estate lending, Credit Union…