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TENNESSEE VALLEY FEDERAL CREDIT UNI

Mortgage Loan Closer

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JOB SUMMARY:
The Mortgage Loan Closer is responsible for reviewing loan data, correcting or completing erroneous data and reviewing loan details submitted by the loan officers, processors and underwriters. This role communicates with internal associates and closing agents involved in the transaction to ensure all closing documentation is complete, accurate and in compliance with all applicable regulatory agencies. The ideal candidate for this position must be detail oriented, have strong organizational skills, works well under pressure, ability to meet deadlines and maintain accurate closing schedules.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Contribute to the development and refinement of the Credit Union’s lending vision and strategy, working in a team environment focused on member service and closing quality loans within expected turn times.
  • Have a working knowledge of different mortgage loan types, including but not limited to Conforming (Fannie Mae/Freddie Mac), FHA, VA, USDA, portfolio, Closed-end second mortgages and HELOC’s.
  • Possess a knowledge of all local, state and federal regulations related to real estate lending.
  • Effectively communicate with settlement agents, loan staff, buyers, sellers, third-party vendors, and real estate agents as needed.
  • Review title commitments, final title policies, and settlement statements for accuracy and compliance.
  • Prepare and balance the closing disclosure with the settlement agent and deliver to member within the regulatory mandated timeframes.
  • Verify payoffs, insurance, and complete the closing document section within the loan origination software (LOS).
  • Deliver the closing package to the settlement agent, along with funding, to ensure the timely closure of the loan.
  • Manage and execute eClose, eNote, and hybrid closings, ensure proper delivery, execution, and post-closing handoff.
  • Ensure all closing conditions are satisfied prior to funding.
  • Assist with audit requests, quality control reviews, and investor post-closing inquiries as needed.
  • Maintain knowledge of Credit Union regulations by completing required online courses annually.
  • Proactively demonstrate the TVFCU core values of integrity, honesty, flexibility, teamwork, leadership, accountability and strong relationships in every interaction with members.
  • Perform other duties as assigned.