What are the responsibilities and job description for the Mortgage Loan Closer position at WCCU Credit Union?
JOB REQUIREMENTS: Position Summary: The Mortgage Closer supports the
closing process by preparing closing documents and disbursing funds for
mortgage loan transactions. Will be the primary contact for loan
officers to quickly identifying issues/concerns and works with loan
originators/vendors in a timely manner. The individual receives limited
supervision in the performance of duties and responsibilities. Work is
evaluated based on accuracy, timeliness, and results. Principal Duties
and Responsibilities: Provides quality service to members and is
responsible for an accurate and efficient closing process including
preparing closing documents and funding figures for all mortgage loans.
Orders all final closing support documents to provide verification for
the application and verifies every document to ensure loan package is
complete prior to funding. Accurately inputs loan data to applicable
systems to generate compliant forms and documents that are necessary to
close and fund mortgage loan transactions. Assures all applicable
disclosure time requirements are met. Maintains a thorough knowledge of
federal and state laws and regulations. Completes the funding figures
following settlement procedures. Assures checks and general ledger
debits and credits balance to total loan disbursement amounts. Transfers
loan information between applicable systems. Works closely with and
communicates regularly with closing related vendors of title companies,
realtors, Loan Officers, and members to schedule and coordinate
closings. Accurately prepares escrow instructions. Assists real estate
personnel with second mortgages and home equity loans when required.
Communicates with member directly for loan processing or closing
documents needed and provides final closing instructions, documents, and
loan figures. After member closing, completing all necessary follow up
to ensure documents are uploaded, and necessary forms and processes are
completed to complete the loan file. Train and educate new mortgage
closers and other mortgage department staff. When training new mortgage
closers - will review fees and closing docs for accuracy and applicable
timelines are met. Maintain shared documentation that outlines processes
related to job duties and responsibilities. Assist in problem solving
with our mortgage team including LO\'s, closers, processors, servicers,
underwriting and supervisors with loans. Maintain MPF funding log and
check for accuracy related to funding dates to ensure timely funding.
Correspond with CFO to coordinate MPF DC commitments to sell to MPF.
Deliver sold confirmation to accounting department and servicing. Create
ULDD\'s on MPF extra loans through Encompass. Modify Loan Presentments
within the MPF website to fund our secondary market loans. Run UCD for
cd compliance and successful pass on MPF extra & best effort loans. Work
with accounting, LO, and underwriting to resolve errors or issues that
arise with loans that are rejected in the selling process with MPF.
Communicate with MPF representative to clear any discrepancies to loan.
Generate lock extensions or break locks for loans that don\'t comply.
Completing any Necessary monthly reporting. Balancing monthly Closing
GL\'s. Communicates closing changes and updates to lending team in a
timely manner. Works on mortgage projects as requested by Mortgage
Operations Manager and Vice President of Consumer Lending. Performs
other lending duties as required. Work Relationships and Scope: Reports
directly to the Mortgage Operations Manager. Will have regular contact
with employees of the Lending Department. Performance Dimensions: Must
maintain the integrity of confidential business information and follow
all guidelines on confidentiality. Provide outstanding services to
co-workers & members. Possess the ability to attend to numerous details
with frequent interruptions under the stress of maintaining courteous,
effective, and timely relations with a variety of individuals and
personalities. Promotes quality, accuracy, timeliness, reliability, and
thoroughness of work performed. Is punctual, flexible, reliable, and
demonstrates a friendly and helpful attitude. Possess ability to gain
the trust and respect of members, management, and employees. Also
maintains a positive, professional, team-oriented working relationship
with staff and outside vendors. Enhance job growth through continuing
education, as required or necessary. \*\*\*\*\* OTHER EXPERIENCE AND
QUALIFICATIONS: Completion of some real estate lending course work or
post high school education is preferred. A minimum of 5 years of
experience in a mortgage setting preferred. Advanced knowledge of all
related functions & tasks at the loan closing, funding and booking
level. Strong understanding of TRID regulations. Knowledge of Encompass
LOS System Preferred. Excellent Communication Skills And Proven
effectiveness in working with loan originators and loan applicants.
Ability to work with a wide range of personalities in a courteous,
effective, and efficient manner. Knowledge and ability to apply current
financial service industry standards, laws, and regulations. Ability to
present ideas, report facts and other information clearly and concisely.
Proficient knowledge of the Microsoft Suite (Outlook, Word, Excel,
PowerPoint). Proficient operation of a variety of general office
equipment such as a computer, software applications, typewriter,
calculator, telephone, copy machine, fax machine and other similar
devices or programs related to the position. \*\*\*\*\* APPLICATION
INSTRUCTIONS: Apply Online:
https://recruiting.paylocity.com/recruiting/jobs/All/b9944418-e383-4000-853f-3d5b60a36394/Westby-Coop-Credit-Union
closing process by preparing closing documents and disbursing funds for
mortgage loan transactions. Will be the primary contact for loan
officers to quickly identifying issues/concerns and works with loan
originators/vendors in a timely manner. The individual receives limited
supervision in the performance of duties and responsibilities. Work is
evaluated based on accuracy, timeliness, and results. Principal Duties
and Responsibilities: Provides quality service to members and is
responsible for an accurate and efficient closing process including
preparing closing documents and funding figures for all mortgage loans.
Orders all final closing support documents to provide verification for
the application and verifies every document to ensure loan package is
complete prior to funding. Accurately inputs loan data to applicable
systems to generate compliant forms and documents that are necessary to
close and fund mortgage loan transactions. Assures all applicable
disclosure time requirements are met. Maintains a thorough knowledge of
federal and state laws and regulations. Completes the funding figures
following settlement procedures. Assures checks and general ledger
debits and credits balance to total loan disbursement amounts. Transfers
loan information between applicable systems. Works closely with and
communicates regularly with closing related vendors of title companies,
realtors, Loan Officers, and members to schedule and coordinate
closings. Accurately prepares escrow instructions. Assists real estate
personnel with second mortgages and home equity loans when required.
Communicates with member directly for loan processing or closing
documents needed and provides final closing instructions, documents, and
loan figures. After member closing, completing all necessary follow up
to ensure documents are uploaded, and necessary forms and processes are
completed to complete the loan file. Train and educate new mortgage
closers and other mortgage department staff. When training new mortgage
closers - will review fees and closing docs for accuracy and applicable
timelines are met. Maintain shared documentation that outlines processes
related to job duties and responsibilities. Assist in problem solving
with our mortgage team including LO\'s, closers, processors, servicers,
underwriting and supervisors with loans. Maintain MPF funding log and
check for accuracy related to funding dates to ensure timely funding.
Correspond with CFO to coordinate MPF DC commitments to sell to MPF.
Deliver sold confirmation to accounting department and servicing. Create
ULDD\'s on MPF extra loans through Encompass. Modify Loan Presentments
within the MPF website to fund our secondary market loans. Run UCD for
cd compliance and successful pass on MPF extra & best effort loans. Work
with accounting, LO, and underwriting to resolve errors or issues that
arise with loans that are rejected in the selling process with MPF.
Communicate with MPF representative to clear any discrepancies to loan.
Generate lock extensions or break locks for loans that don\'t comply.
Completing any Necessary monthly reporting. Balancing monthly Closing
GL\'s. Communicates closing changes and updates to lending team in a
timely manner. Works on mortgage projects as requested by Mortgage
Operations Manager and Vice President of Consumer Lending. Performs
other lending duties as required. Work Relationships and Scope: Reports
directly to the Mortgage Operations Manager. Will have regular contact
with employees of the Lending Department. Performance Dimensions: Must
maintain the integrity of confidential business information and follow
all guidelines on confidentiality. Provide outstanding services to
co-workers & members. Possess the ability to attend to numerous details
with frequent interruptions under the stress of maintaining courteous,
effective, and timely relations with a variety of individuals and
personalities. Promotes quality, accuracy, timeliness, reliability, and
thoroughness of work performed. Is punctual, flexible, reliable, and
demonstrates a friendly and helpful attitude. Possess ability to gain
the trust and respect of members, management, and employees. Also
maintains a positive, professional, team-oriented working relationship
with staff and outside vendors. Enhance job growth through continuing
education, as required or necessary. \*\*\*\*\* OTHER EXPERIENCE AND
QUALIFICATIONS: Completion of some real estate lending course work or
post high school education is preferred. A minimum of 5 years of
experience in a mortgage setting preferred. Advanced knowledge of all
related functions & tasks at the loan closing, funding and booking
level. Strong understanding of TRID regulations. Knowledge of Encompass
LOS System Preferred. Excellent Communication Skills And Proven
effectiveness in working with loan originators and loan applicants.
Ability to work with a wide range of personalities in a courteous,
effective, and efficient manner. Knowledge and ability to apply current
financial service industry standards, laws, and regulations. Ability to
present ideas, report facts and other information clearly and concisely.
Proficient knowledge of the Microsoft Suite (Outlook, Word, Excel,
PowerPoint). Proficient operation of a variety of general office
equipment such as a computer, software applications, typewriter,
calculator, telephone, copy machine, fax machine and other similar
devices or programs related to the position. \*\*\*\*\* APPLICATION
INSTRUCTIONS: Apply Online:
https://recruiting.paylocity.com/recruiting/jobs/All/b9944418-e383-4000-853f-3d5b60a36394/Westby-Coop-Credit-Union