This job has closed.

Signal Financial Federal Credit Union · 1 month ago

Mortgage Loan Closer / Seller

3015 University Blvd W, Kensington, MD, USA

Full-time

Onsite

Entry, Mid Level

$25/hr - $30/hr

2+ years exp

Signal Financial Federal Credit Union is seeking a Mortgage Loan Closer / Seller responsible for closing, post-closing, and secondary market duties for mortgage loans. The role involves preparing closing instructions, managing loan documentation, and ensuring compliance with investor guidelines while maintaining high levels of member satisfaction.

BankingCredit CardsFinancial ServicesNon Profit

Responsibilities

Timely and accurate collection of documentation needed to clear final conditions prior to working up closing instructions

Ensure all loan system data, dates and reporting criteria are complete and accurate

Display thorough knowledge of accounting principles and procedures

Interact closely with management, underwriting, processing, loan officers and borrowers to provide regular updates to achieve goals for production time, pull through and member satisfaction

Coordinate with the title companies to order/process and schedule loan closings

Prepare and send closing instructions as well as, final documents

Audit, correct and issue final approval of Closing Disclosure prior to sending documents to the member

Perform post-closing quality control and work internally and with QC vendor to correct any defects

Once the closed loan packet is received from title office, reconcile closing fees to mortgage general ledger accounts

Demonstrate leadership through personal actions and day-to-day practices that support Signal Financial's FCU core values

Qualification

Mortgage closing experienceFannie Mae/Freddie Mac guidelinesMortgage loan programs knowledgeLoan math calculation skillsMortgage loan origination systemsAnalytical decision-makingMultitasking abilityPC proficiencyFinastra MortgageBot LOSCommunication skills

Required

High School diploma or equivalent required

Two to five years of 1st mortgage and home equity closing experience

Must demonstrate knowledge of Fannie Mae/Freddie Mac and FHA guidelines as well as credit union lending policies, procedures, and regulations

Must possess a thorough understanding of the requirements and features of the mortgage loan programs offered by SFFCU, other private investors, and the secondary mortgage market

Excellent oral and written communication skills required

Strong loan math calculation skills including the use of automated spreadsheet development and basic analytics required

Analytical decision-making ability with attention to detail

Ability to multitask and prioritize work as required

PC proficient to include: Word, Excel, Outlook, internet

Familiarity with mortgage loan origination systems and processing software