Liberty First Credit Union · 13 hours ago
Mortgage Loan Closer
Lincoln, NE
Full-time
Onsite
Entry Level
1+ years expLiberty First Credit Union is a well-regarded credit union in Lincoln and Omaha, dedicated to providing excellent service and career development opportunities. The Mortgage Loan Closer coordinates the mortgage loan closing process and ensures compliance with regulatory guidelines while providing outstanding service to members and third-party agencies.
BankingFinanceFinancial Services
Responsibilities
Gather and review appraisal, title, credit application and all associated documents in file to make sure they match the underwritten loan and guidelines prior to closing and post-closing to ensure all conditions are satisfied
Accurately prepare closing packages and balancing for all types of mortgage loans, consumer, and home equity lines
Prepare accurate closing disclosure statements, ensuring all vendors are paid and collect all fees to meet regulation requirement deadlines
Communicate the status of loan closing dates with loan officers to ensure pending and suspense items are cleared within investor time frames
Fund and service closed mortgage loans
Package closed loan files for sale to secondary market according to their guidelines
Ensure clear title insurance policy has been obtained with post-closing verification
Responsible for completing and finalizing government monitoring information (filing, tracking and reporting)
Provide denial notices within 30 days of application and assist with government HMDA filings, tracking and reporting
Balance all mortgage loan clearing general ledgers and custodial escrow/funding checking accounts daily
Prepare in-house mortgage loan payoff quotes
Prepare Deeds of Reconveyance for all paid in full second lien and home equity loans
Develop and maintain audit and business procedures and checklists
Handle member questions in regard to their mortgage loan
Serve as backup in loan servicing/processing areas
Develop an understanding of Truth in Lending Act (TRID) and Real Estate Settlement Procedures Act (RESPA) regulatory guidelines and demonstrate compliance
Maintain knowledge of all mortgage loan servicing and secondary market guidelines to maintain compliance
Maintain an organized workspace and efficient tracking guidelines for ordering mortgage loan documents to help achieve the required timely closing goals
Provide outstanding service skills for third-party agencies, members and co-workers regarding new, additional, or outstanding documentation required for loan file needs
Maintain member confidentiality and working knowledge of credit union policies and procedures
Develop a working knowledge of the core financial system, loan processing system and departmental software
Maintain outstanding service skills for vendors, members and co-workers for new, additional or outstanding documentation required for all loan needs
Actively support our “sales and service” culture and demonstrate these skills by communicating to members the benefits and features of all our products and services
Develop a working knowledge of competitors’ products and services with a continued interest in improving quality services and products for the credit union
Complete in-house training and certifications based on required classes set up for this position
Follow and exemplify credit union core values and service expectations
Assist in any area as directed by management
Qualification
Required
High school diploma with some college preferred
Some experience in an administrative or clerical position required
Some experience with a financial institution or related mortgage lending company required
Professional, well-developed interpersonal skills necessary for servicing members in person or by phone required
Requires a high degree of accuracy with intermediate mathematical skills (calculations and concepts involving decimals, percentages, fractions, etc.)
Requires demonstrated problem solving and proper judgement skills to apply broader aspects of established practice to situations which go beyond clear, concise guidelines
Preferred
One year of related mortgage/title experience preferred
Knowledge of mortgage lending regulations tied to Conventional, NIFA, FHA, USDA, VA loans preferred
Benefits
Medical – LFCU pays 85% of premium, associates pay only 15%
Dental – LFCU pays 100% of premium
Vision - LFCU pays 50% of premium
Life and ADD – LFCU pays 100% of premium. Additional coverage available with associate contribution.
Short-term and Long-term Disability – LFCU pays 100% of premium
AFLAC Supplemental –Cancer, Critical Care, Accident, Hospital - associate paid
Flexible Spending Accounts (FSA) – Health Savings and Dependent Care
LFCU matches 100% up to 3% plus 50% up to 5% of associate’s 401(k) contributions for a total of 4%.
LFCU contributes 5% of associate earnings to Profit Sharing.
Reviewed for approval by the Board annually, this discretionary plan rewards associates when the credit union achieves above average performance.
Vacation– 2 weeks/year for new hires
Sick – 2 weeks/year for new hires
Personal Day – 2 days earned after one year
Holiday Pay – 6 paid holidays/year plus 5 additional federal holidays per year are reserved for all-staff meetings.
Funeral Leave
Quarterly all-staff professional development
Tuition Reimbursement
Fitness Club Reimbursement
Free Breakfast on Fridays
LFCU Apparel – 2 free items annually
Company
Liberty First Credit Union
Liberty First Credit Union provides financial, banking and loan services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Frank Wilber
President/CEO
Eric Erickson
CIO / VP Information Systems
Recent News
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