Mortgage Loan Closer II

Ardent Credit Union; Philadelphia (Philadelphia County); On-site; USD 60,000 - 80,000; Full time

Job summary

A financial institution in Philadelphia is seeking a motivated professional to prepare closing documents for mortgage loans. The ideal candidate should have strong knowledge of real estate terminology, great attention to detail, and at least 3 years of related mortgage experience. This full-time role offers a competitive salary between $60,000 and $80,000.

Qualifications

• 3+ years of mortgage experience preferred.
• Must understand TRID and related regulations.
• Ability to manage tasks in a deadline-driven environment.

Responsibilities

• Prepare documents for closing and funding of loans.
• Review files for compliance and underwriting conditions.
• Coordinate closings with members and closing agents.

Skills

Knowledge of legal and real estate terminology

Organizational skills

Attention to detail

Effective communication skills

Ability to work independently

Education

High School diploma or equivalent

Some college coursework preferable

Tools

Microsoft Office

Loan origination software

Job description

Overview

General Purpose: Prepares the documents for Closing and funding all mortgage / home equity loans; both primary and secondary liens. Responsible for post-closing of all loans including Quality Control and Funding of Third Party Originations.

Responsibilities

• Reviews all files for closing, ensuring underwriting conditions, secondary conditions and compliance conditions have been met.
• Coordinates the closing with member, closing agent. Prepares final documentation and disburses funds.
• Assembles and prepares final documentation for closing mortgage loans.
• Balances related general ledger accounts, maintains closed files, creates and distributes reports.
• Funding/Post Closing and QC Audit of all originated loans.
• Assists Mortgage Servicing with file transfer and boarding issues as needed.
• Other duties as assigned.

Qualifications

• Knowledge of legal and real estate terminology, documents (i.e., Deeds of Trust, title insurance, policies, surveys, etc.) and real estate laws/regulations.
• Educated on TRID with a clear understanding of the timing requirements and tolerance violation issues.
• Ability to read, analyze and interpret mortgage loan application files in accordance with established credit union policies and procedures, and secondary market requirements.
• Ensure all related files and documents are accurate, current, and submitted on time.
• Ensure good business relations exist with members and problems and/or questions are courteously and promptly resolved or referred.
• Must remain highly organized and produce accurate work in a fast-paced, deadline driven environment.
• Excellent attention to detail with the ability to manage multiple tasks simultaneously.
• Effective written and verbal communication skills.
• Ability to work independently as well as part of a team.
• Provide assistance and support as needed within department.
• Strong working knowledge of Microsoft Office products.
• Strong knowledge of loan origination software.

Qualifications - Education & Experience

• High School diploma or equivalent. Some college course work preferable.
• Minimum 3+ years of related mortgage experience.

Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: Banking

Location & Compensation

Philadelphia, PA | $60,000.00-$80,000.00