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Lafayette Federal Credit Union · 2 months ago

Mortgage Loan Closer/Funder

Rockville, MD

Full-time

Hybrid

Entry, Mid Level

$50K/yr - $62K/yr

2+ years exp

Lafayette Federal Credit Union is a recognized employer committed to excellence and community service. They are seeking a Mortgage Loan Closer/Funder responsible for preparing, reviewing, and funding residential loan products while ensuring compliance with various regulatory standards.

BankingFinancial ServicesMobile Payments

No H1B

Responsibilities

Review approved loan files in LOS (Calyx Path/Encompass) to verify completeness and accuracy

Confirm all underwriting and compliance conditions are satisfied prior to document generation

Prepare and validate Closing Disclosures (CDs), loan documents, and settlement statements

Ensure loan data integrity across all systems in mortgage lending such as Calyx, Encompass, FICS, and Keystone

Communicate with title companies, attorneys, and settlement agents to confirm closings details

Balance CDs and verify closing fees and charges align with investor and regulatory standards

Confirm and validate wire instructions and manage delivery of closing packages securely

Verify all closing conditions have been satisfied and supporting documentation is complete prior to funding

Accurately calculate funding amounts, authorize wire disbursements through Keystone, and confirm receipt of executed closing packages

Review signed closing packages for completeness and compliance prior to post-closing submission

Maintain compliance with TRID, RESPA, TILA, Reg Z, Reg B, and investor guidelines

Ensure accurate disclosures, calculations, and documentation for FHA, VA, HELOC, and DPA loans

Support internal audit and quality control reviews by providing complete and accurate closing files

Identify opportunities for process improvements to enhance operational efficiency and member experience

Qualification

Mortgage closing experienceCalyx PathEncompassTRID complianceFHA knowledgeVA knowledgeHELOC knowledgeDPA knowledgeAttention to detailManage deadlinesOrganizational skills