Mortgage Loan Closer (Finance)
Company Description
Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.
Job Description
The purpose of the Mortgage Loan Closer is to coordinate the closing of all mortgage loan products, which includes the following core purposes: Liaison between the borrower, mortgage lending staff and third parties to the mortgage transaction Analyze, interpret, and act upon title policy conditions Develop and finalize closing disclosure based on TRID regulatory compliance with title company and borrower Analyze, interpret, and make decisions in order to clear underwriting conditions Coordinate the closing of the transaction with the title company, realtor, MLO and borrower Coordinate and deliver necessary credit union and borrower funds to title company Maintain compliance with Reg B, HMDA and TRID regulatory requirements Accountability to meet required credit union and purchase contract deadlines in order to deliver an exceptional borrower experience
Essential Functions
- Develop and finalize closing disclosure and update closing costs as needed throughout the loan process to prevent tolerance violations and loan eligibility.
- Review, interpret and act upon underwriting conditions
- Coordinate loan closing time and location with member, title company, and third parties.
- Prepare and verify closing documents to ensure accuracy and compliance with investor and lending regulations.
- Coordinate with title companies, MLOs, borrowers and third-party vendors to prepare and deliver accurate closing disclosures within required timeframes.
- Originate external and internal wire transfers to fund loan.
- Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Qualifications
Minimum Formal Qualifications for this Position
- High School Diploma/G.E.D. or equivalent.
- Associate's Degree in Accounting, Finance, Business Administration, or related field of study. Preferred
- 2+ combined experience in customer service, financial services, real estate, accounting, or finance-related field. Required
- 1+ years' experience in a mortgage loan closing/processing role. Preferred
Technical or Specialized Knowledge/Skills:
- Working knowledge of first mortgage products, terminology, and process flow.
- Working knowledge of investor and lending regulations.
- Working knowledge of purchase contracts and title commitments.
- Strong problem-solving ability.
- Strong win/win focus on coordinating member service and external pressures to create positive outcomes for all interested parties.
- Ability to prioritize/manage files and allocate resources.
- Organized, detail oriented, flexible, and able to multi- task in an ever-changing environment.
- Display positive, professional demeanor and work independently with little supervision.
- Self-motivated.
- Initiative to meet and/or exceed job standards and willingness to take on other tasks that support the goals of the Credit Union.
- Effective verbal and written communication skills.
- Strong mathematical skills.
- None
- Standing - Occasionally
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Rarely (40 Lbs)
- Carrying - Rarely
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Stooping - Rarely
- Kneeling - Rarely
- Crouching - Rarely
- Crawling - Rarely
- Reaching - Occasionally
- Handling - Occasionally
- Grasping - Occasionally
- Feeling - Occasionally
- Talking - Frequently
- Hearing - Frequently
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Occasionally
- Noises louder than normal speaking volume - Occasionally
- Temperature Changes - Rarely
- Atmospheric Conditions - Rarely
Additional Information
The pay range for this position is: $23.36 to $24.98 per Hour (S12)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for a monthly incentive plan.
Benefits Summary Sheet
At Ent Credit Union, we offer a comprehensive benefits package, including:
- Health Benefits: Affordable insurance, 24/7 doctor access, and a nationwide provider network.
- 401(k): 3% automatic contribution after three months, plus up to 6% matching.
- Paid Time Off: During your first year, enjoy 16 days of paid time off (PTO) plus 9 paid holidays. And it grows from there.
- Volunteer Time Off: Paid time off to give back to the community.
- Education Support: Up to $10,000 annually for higher education and assistance for certifications.
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Exclusive Discounts: Significant savings on home, car, and personal loans.
For more information about our outstanding benefits please visit our careers page at www.ent.com/careers.
We anticipate this position to close on 05/27/2025. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
