Reports To: Varies by Location
Primary Functions: Close, review, and disburse conventional,
FHA, VA, and RD mortgage loans, as well as specialty program
mortgage loans (such as HUD184, FHA203k, and State/Community bond
Duties and Responsibilities:
Clear the preliminary title report of any item that will prevent
attaining the appropriate lien position. Review all closing
documentation to ensure that all required documents and information
are present, and that the information contained in the
documentation complied with AKUSA, regulatory, investor, and
guarantor requirements. Compile, input, and confirm all monetary
information necessary to properly submit mortgage loans to the
escrow agency for closing. Prepare all loan documents for
appropriate signatures. Coordinate with selected escrow and/or
title company and forward necessary document for closing. Take any
signatures necessary for in-house real estate transactions,
including assumptions and liability releases. Complete and correct
loan files as directed by supervisor. Coordinate with Loan Delivery
to make certain corrections are obtained timely, to meet investor
requirements. Assist other closers as necessary as directed by
supervisor. Communicate and coordinate with originating and
underwriting staff to facilitate excellent member service. Perform
other duties as assigned.
Education: High school graduate or equivalent.
Creditable Experience in Lieu of Education: Not applicable
Experience/Skills: Proficient in typing, use of calculator by
touch and proficient in the use of personal computer systems. Good
communication skills and a thorough knowledge of mortgage loan
closing documentation requirements. Must be able to perform duties
independently with minimal supervision. Must have demonstrated an
ability to routinely close a high volume of loans without errors.
Advanced industry courses in real estate lending and closing.
Tenure: Mortgage Loan Closer II, Category 12 requires one year
tenure with performance that meets or exceeds expectations in the
Mortgage Loan Closer I position. Mortgage Loan Closer III, Category
11 requires two years tenure with performance that meets or exceeds
expectations in the Mortgage Loan Closer II position and/or the
ability to close all types of mortgage loans. Directly related work
experience and/or accelerated training completion may be
substituted for tenure.
Equal Opportunity Employer