Mortgage Closer Funder

Job Description and Requirements

The Mortgage Retail Closer Funder is responsible for coordinating the closing between RBFCU and investors/lenders, title companies and members/borrowers. They will prepare accurate closing disclosures, loan closing documents and fund loans.  The Closer Funder will ensure a fully compliant mortgage loan while providing a high level of member service.

Essential Functions & Responsibilities:

• Complete introduction phone call and email to member in accordance with RBFCU service level objectives after receipt of the file; collaborate with loan officer throughout closing process.

• Update loan files within the loan origination system as necessary to ensure consistent processes of completed tasks assigned and milestone completion. 

• Prepares or orders all loan-closing documents and closing disclosures, ensuring that they are accurate in order to have a fully compliant loan; carefully reviewing all documents for any errors, confirming pricing, loan program and funds to close are correct to insure proper funding of loan.

• Reviews and registers loans via automated or manually with Mortgage Electronic Registration Systems, Inc.

• Fund and board closed loan files to RBFCU’s core servicing system or fund loans to external investors such as TruHome or Gateway.

• Coordinates and initiates 3rd party payments on Mortgage Insurance Premiums, VA Funding Fees, title companies, etc.

• Maintain a working knowledge of federal, state, investor, and internal policies and procedures that affect the closing of mortgage loan.

• Reviewing and clearing remaining closing/underwriting conditions. Validating title commitments and insurance policies are accurate for document preparation. 

• Verify and if necessary, coordinate all closing dates and times with members and title companies and/or Randolph-Brooks Federal Credit Union branches. 

• Ability to work successfully under deadlines.

• All other duties as assigned (note: essential functions and responsibilities may change, or new ones may be assigned at any time with or without notice).

Requirements:

• High School Diploma or GED

• Less than one year of job-related work experience

• Close a minimum of 20 loans on a recurring basis

• The ability to use independent judgment and be able to multi-task in a fast-paced paperless team environment

• Proficiency and accurate closing document preparation skills required for FNMA, FHA, VA, Conventional and Jumbo loans

• Possess excellent communication, interpersonal and organizational skills. Courtesy, Member/Customer Service and tact are essential elements of this job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.

• Must be available to work on Saturdays as needed

• Proficient computer skills and knowledge of Excel, Word, OneNote, Outlook, Power Point, DocuSign & Mortgage Electronic Registration Systems, Inc.

Preferred:

• Bi-Lingual in English/Spanish

• Experience with Encompass LOS and Blend POS

All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.