What are the responsibilities and job description for the Real Estate Closer position at Credit Union West?
Credit Union West has been named a ‘Top Company to Work for in Arizona’ for the 13th year in a row (2013-2025)! This prestigious award announced by BestCompaniesAZ is earned by achieving stellar marks in a comprehensive workplace survey, where employees are asked to rate and share feedback including culture, leadership and overall satisfaction.
Credit Union West continuously looks for ways to improve employee satisfaction and experience. In addition to high paying wages, Credit Union West also offers the following:
- Full-time employees receive 100% paid health, dental & vision insurance
- Earn incentives up to 10%
- 401K plan with employer matching funds up to 5%
- Profit Sharing
- Tuition reimbursement
- Gym membership reimbursement
- Paid time off for holidays, vacation, and sick days
- Credit Union West membership and discounts
Be part of our award-winning team!
POSITION SUMMARY
Responsible for a range of Funding requirements for mortgage and home equity loans and accurately transferring loan data into servicing platform. Prepare closing instructions, closing documents and loan proceeds for delivery to settlement agent/attorney within 24 hours of the scheduled closing date. Coordinate settlements and answer questions regarding closing requirements. Prepare wires for funding and submit payments and payoffs as necessary. Review HUD-I Settlement Statement and Closing Disclosure for accuracy and compliance with RESPA and make corrections as needed. Prepare and deliver closed loans to post closing department within prescribed timeframes. Supports a professional environment by delivering a service excellence attitude that builds trust and loyalty to inspire our members, employees, and communities to achieve their financial goals and enhance their quality of life.
ESSENTIAL FUNCTIONS & RESPONSIBILITIES
• Mortgage and Home Equity Closings – Reviews title commitment for accuracy. Reviews sales contracts, PMI certificates, lock confirmations and underwriting approvals for accuracy. Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds. Determines closing requirements by studying and clarifying buyer, seller, and lender instructions. Orders title reports for issuing title insurance, resolving title defects, satisfying existing liens and encumbrances against property or principals. Coordinate settlements and answer questions regarding closing requirements. Balances the Closing Disclosure and initiates wires. Communicates closing instructions and requirements to members and internal staff as required.
• Quality Control – Ensure that each loan is processed accurately by making sure the file is properly disclosed, processed, and conforms to the Truth-in-Lending Act (TILA), Real Estate Settlement Procedure Act (RESPA), and HMDA. Fund loans and accurately transfer loan data into servicing platform. Review HUD-I Settlement Statement and Closing Disclosure for accuracy and compliance with RESPA and make corrections as needed. Prepare and deliver closed loans to post closing department within prescribed timeframes.
• Business Communications and Relationships – Liaise between the mortgage lending underwriting department, mortgage loan originators, processors, real estate agents, and applicants to facilitate loan closing.
• Performs other duties as assigned.
QUALIFICATIONS & REQUIREMENTS EDUCATION: A high school diploma or G.E.D. EXPERIENCE: 3-5 years of experience in Real Estate operations, including knowledge of secondary market requirements for packaging and delivering of file in a financial institution preferred.