Educational Federal Credit Union · 6 months ago
Mortgage Closer/Funder
Miami, FL
Full-time
Onsite
Mid LevelEducational Federal Credit Union is seeking a Mortgage Closer/Funder responsible for closing and funding residential mortgage and home equity loans. The role involves verifying closing conditions, preparing closing packages, and ensuring compliance prior to closing and funding.
CreditCredit BureauDebit CardsFinancial Services
Responsibilities
Reviews all closing conditions provided by the underwriter are cleared by obtaining necessary documentation and in compliance to secondary market and credit union policies
Prepare and send out 3-day Closing Disclosure within timeframes for RESPA/TILA compliance. Explain and answer questions regarding the CD document to the member. Re-disclose when required
Complete verbal verification of employment and any other verifications as required. Ensure all documents in file have not expired at time of closing
Clears tasks in the LOS system or resubmit to Underwriting for approval as instructed
Reviews Closer pipeline reports daily to manage flow of anticipated closings. Communicates with processors and underwriters regarding file status. Works on loans based on date of receipt and priority given
Enter loans on appropriate spreadsheets with updated closing information for management and department tracking
Communicate with member, title/closing agents, realtors, insurance agents, to coordinate and schedule closing and obtain any pending items and clear title required
Complete checklists to ensure all documents and tasks have been completed throughout the process. Update LOS with expected closing date
Meet with members and conduct closings on home equity loans and HELOCs in the Home Loan Department
Review all closing documents to ensure signature and accuracy of documents upon receipt
Funds the loans by performing applicable wire transfer transactions for first mortgage loans. Funds loans in Symitar system for home equity type loans and HELOCs. Mails out funding checks to third parties
Must comply with all company policies and procedures, applicable laws and regulations including but not limited to RESPA/TRID, Regulation B, Regulation Z, Fair Lending, NMLS Safe Act
Cross-sell credit life/disability insurance products on Home Equity loans and lines of credit
Maintain personal information up-to-date in the NMLS registry within 30 days of a change
Process Loan Closings, Advances, Payments, and Maintenance Items – including Rollovers, Conversion, Margin Changes and Other Operational Transactions – , Loan Closings, Renewals and Loan Modification on an on-going basis
Compare documents and discuss discrepancies with underwriter and loan officer for resolution
Coordinate with settlement agent for timely funding and disbursement
Ensure completion of provided docs for necessary title reports, credit reports, appraisals, and inspections
Maintain data integrity as loan progresses through closing
Prepare funding figures and request wire for funding after balancing with settlement agent
Review signed closing docs for accuracy and compliance
Perform other duties as assigned by management
Qualification
Required
Responsible for closing and funding residential mortgage and home equity loans and lines of credit
Verifies all closing conditions have been cleared by the Underwriter and prepares closing package
Satisfies outstanding conditions and completes a file review to ensure compliance prior to closing and funding
Reviews all closing conditions provided by the underwriter are cleared by obtaining necessary documentation and in compliance to secondary market and credit union policies
Prepare and send out 3-day Closing Disclosure within timeframes for RESPA/TILA compliance
Explain and answer questions regarding the CD document to the member
Re-disclose when required
Complete verbal verification of employment and any other verifications as required
Ensure all documents in file have not expired at time of closing
Clears tasks in the LOS system or resubmit to Underwriting for approval as instructed
Reviews Closer pipeline reports daily to manage flow of anticipated closings
Communicates with processors and underwriters regarding file status
Works on loans based on date of receipt and priority given
Enter loans on appropriate spreadsheets with updated closing information for management and department tracking
Communicate with member, title/closing agents, realtors, insurance agents, to coordinate and schedule closing and obtain any pending items and clear title required
Complete checklists to ensure all documents and tasks have been completed throughout the process
Update LOS with expected closing date
Meet with members and conduct closings on home equity loans and HELOCs in the Home Loan Department
Review all closing documents to ensure signature and accuracy of documents upon receipt
Funds the loans by performing applicable wire transfer transactions for first mortgage loans
Funds loans in Symitar system for home equity type loans and HELOCs
Mails out funding checks to third parties
Must comply with all company policies and procedures, applicable laws and regulations including but not limited to RESPA/TRID, Regulation B, Regulation Z, Fair Lending, NMLS Safe Act
Cross-sell credit life/disability insurance products on Home Equity loans and lines of credit
Maintain personal information up-to-date in the NMLS registry within 30 days of a change
Process Loan Closings, Advances, Payments, and Maintenance Items – including Rollovers, Conversion, Margin Changes and Other Operational Transactions – , Loan Closings, Renewals and Loan Modification on an on-going basis
Compare documents and discuss discrepancies with underwriter and loan officer for resolution
Coordinate with settlement agent for timely funding and disbursement
Ensure completion of provided docs for necessary title reports, credit reports, appraisals, and inspections
Maintain data integrity as loan progresses through closing
Prepare funding figures and request wire for funding after balancing with settlement agent
Review signed closing docs for accuracy and compliance
Perform other duties as assigned by management
Company
Educational Federal Credit Union
Educational Federal Credit Union offers checking accounts, loans, insurance options, financial planning, digital wallet, and pupil services.
Founded in 1935
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Joe Suarez, MBA, CPA
SVP Finance/CFO
Karla Gabuardi
Sr. Talent Development Manager, NCCO, NCBSO
Recent News
2026-01-06
2025-10-14
2025-08-09
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