Mortgage Loan Closer

7 17 Credit Union; Streetsboro (OH); On-site; USD 42,000 - 64,000; Full time

Job summary

7 17 Credit Union in Streetsboro, OH seeks an experienced Mortgage Closing Specialist to manage real estate loan closures and ensure regulatory compliance. You will prepare closing documents, review title work, generate Closing Disclosures, and coordinate between title companies, borrowers and lenders.

Required qualifications include a high school diploma, at least 18 months closing-docs or underwriting experience, strong communication, Excel/Word proficiency, and knowledge of real estate

Qualifications

• High school diploma or equivalent.
• 18 months experience preparing closing documents or underwriting real estate loans.
• Excellent communication skills.
• Deep understanding of real estate loan regulations and secondary market guidelines.
• Strong PC, typing, Microsoft Excel and Word skills.
• Knowledge of Byte LOS a plus.
• Must obtain an acceptable score on an Excel assessment.

Responsibilities

• Ensure application and loan documentation is complete and accurate for product type.
• Prepare error-free closing documents for signing to ensure loan is closed in compliance with company and regulatory requirements.
• Review title insurance reports and resolve any discrepancies.
• Generate compliant Closing Disclosure within required timeframes to meet purchase contract expiration date and accurately calculate final closing costs.
• Communicate with all parties involved in the transaction including but not limited to Applicant/Member, Underwriter, Branch Staff, vendors, partners and Title Company.
• Schedule and coordinate loan closing between title company and borrower.
• Accurately enter loan information into Loan Origination system.
• Accurately on-board loans to the core system.
• Ensure receipt of final signed loan package from title company in a timely manner.
• Complete monthly construction loan billing and conversion to end-loan upon completion of construction.
• Keep informed of current trends in real estate lending and regulations.
• Meet individual and department goals.
• Assist in development of training materials and maintenance of job process and procedures on company intranet.
• Assist in delivery of sold loans to investor and sub-servicer.
• Assist with tasks associated with mortgage loan servicing including but not limited to escrow, ARM changes, annual notices, payment corrections, logging receipt of recorded mortgages and final title policies and help desk tickets.
• Identify and resolve discrepancies or issues with closing process or documents.

Skills

Closing documents

Loan underwriting

Real estate knowledge

Excel

Communication

Education

High school diploma

Tools

Byte LOS

Job description

Job Description

Job Description

Job Summary: Close mortgage loans or special product loans ensuring compliance with company, secondary market and regulatory requirements in a timely manner. Act as a liaison between members, buyers, title companies, internal and external partners.

All job positions at 7 17 Credit Union may be assigned further duties with or without notice, verbally or in writing. Essential duties and responsibilities include the following.

Primary Duties

1. Ensure application and loan documentation is complete and accurate for product type.
2. Prepare error‑free closing documents for signing to ensure loan is closed in compliance with company and regulatory requirements.
3. Review title insurance reports and resolve any discrepancies.
4. Generate compliant Closing Disclosure within required timeframes to meet purchase contract expiration date and accurately calculate final closing costs.
5. Communicate with all parties involved in the transaction including but not limited to Applicant/Member, Underwriter, Branch Staff, vendors, partners and Title Company.
6. Schedule and coordinate loan closing between title company and borrower.
7. Accurately enter loan information into Loan Origination system.
8. Accurately on‑board loans to the core system.
9. Ensure receipt of final signed loan package from title company in a timely manner.
10. Complete monthly construction loan billing and conversion to end‑loan upon completion of construction.
11. Keep informed of current trends in real estate lending and regulations.
12. Meet individual and department goals.
13. Assist in development of training materials and maintenance of job process and procedures on company intranet.
14. Assist in delivery of sold loans to investor and sub‑servicer.
15. Assist with tasks associated with mortgage loan servicing including but not limited to escrow, ARM changes, annual notices, payment corrections, logging receipt of recorded mortgages and final title policies and help desk tickets.
16. Identify and resolve discrepancies or issues with closing process or documents.

Secondary Duties

Backs up other Real Estate Lending positions, including but not limited to Mortgage Loan Servicing and Secondary Market Coordinator.

Confidentiality Requirements

Must keep members' transactions and other Credit Union business in strictest confidence.

Travel Demands

Limited to local area.

Prerequisite Education

High school diploma or equivalent

Prerequisite Experience

1. Within the last five year, must have 18 months experience preparing closing documents or underwriting real estate loans that are saleable on the secondary market.
2. Excellent communication skills.
3. Deep understanding of real estate loan regulations and secondary market guidelines.
4. Strong PC, typing, Microsoft Excel and Word skills.
5. Meticulous attention to detail.
6. Knowledge of Byte LOS a plus.

Other Prerequisite Requirements of the Position

1. Must obtain an acceptable score on an Excel assessment.

Required Knowledge, Skills, and Abilities Once in the Job

1. Customer service attitude and skills to include: Team player attitude, commitment, patience, enthusiasm, creativity, listening, comprehension, initiative, cooperation, attention to detail, resourcefulness.
2. Professionalism to include: Confidence, good judgment, appropriate demeanor and appearance; ability to interact with employees and members.
3. Skills to include: Problem solving, decision making, time management, interpersonal communications, organization.
4. Must be able to maintain extensive contact with members and conduct relationships in a professional manner that will enhance the marketing effort of the Credit Union.
5. Must be accurate and thorough in coordinating loan closing.

Certifications, Licenses Required Once in the Job

must be licensed with the State of Ohio to sell insurance and State and Federal registration to comply with the Safe Act.

Physical, Mental or Visual Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Working Conditions

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Company Description

Join a company where your work truly matters! At 7 17 Credit Union, you'll find a purpose-driven culture, opportunities for advancement, excellent benefits, and the chance to help members achieve financial success while supporting the communities we serve.