Loan Closer II

*Position is hybrid, with up to monthly onsite visits to Lawrence, MA, Bridgewater, MA, or Waltham, MA locations. 

FUNCTIONAL SUMMARY: Primary duties consist of preparing closing documents timely and accurately while ensuring the loan is closing within the credit union’s compliance guidelines. Coordinates and schedules mortgage closings in conformance with established policies and procedures. Candidates must have excellent customer service skills, a strong aptitude for detail, accuracy, and organization. Must be able to multitask.

RESPONSIBILITIES:

1. Primary loan types to close: HELOCs, HELOANs and First Mortgage Purchase and Refinance transactions.
2. Closing scope includes, but is not limited to, the obtaining, inputting, verifying, and updating of data in the appropriate Loan Origination Systems (LOS), preparing documents and ensuring accuracy and compliance, working with vendors to ensure accurate information, and validating all documents prior to sending them to the closing.
3. Ensures that all closing disclosures and re-disclosures are complete, accurate, and distributed to applicants as required by all applicable MVCU, Secondary Market, State and Federal laws, regulations, policies, procedures, and guidelines. Ensures that all conditions are met prior to or at closing.
4. Serves as the primary contact with applicants verbally, in writing and in person, to update applicants on closing status, obtain additional information and documentation, advice and coordinate closing scheduling. 
5. Reconciliation of TRID Disclosures, Closing Disclosure / Loan Estimate to ensure compliance with all applicable laws and regulations. 
6. Reviews and obtains all payoffs, insurance updates, refresh credit reports and verbal verifications of employment. 
7. Reviews sales contracts and title vesting for compliant closing disclosure and documents.
8. Reviews and compares loan estimates and closing disclosures to ensure all items are accurate, changes of circumstances have been documented, and required time frames for closing requirements have been met.
9. Ensures all transactions are properly documented for funding in accordance with established timeframes and LOS milestones reflective of accurate status.
10. Maintains up to date knowledge of all applicable MVCU, Secondary Market, State and Federal laws, regulations, policies, procedures, and guidelines.
11. Works toward achieving sales/service goals by attending department meetings, one-on-one meetings and product knowledge and selling skills training, on an ongoing basis.
12. Work with Mortgage Supervisor on special projects as assigned. 
13. Performs additional duties as requested.

QUALIFICATIONS:

1. Minimum of a high school diploma or equivalent required.
2. Minimum of three years mortgage experience or equivalent experience in a related field required.
3. Sound understanding of all applicable federal and state regulatory requirements and Secondary Market guidelines.
4. In depth knowledge and understanding of regulatory compliance necessary to successfully perform job responsibilities including but not limited to; TRID, HMDA, MDIA, and ECOA.
5. Must be eligible to register with the Nationwide Mortgage Licensing System & Registry (NMLS) and must maintain registration with NMLS as a registered Mortgage Loan Originator (MLO).
6. Proficient in use of MS Office, MS Outlook, MS Word, MS Excel.
7. Proficient in use of Loan Origination Software, vendor software and internet sites.
8. Excellent organizational skills and the ability to handle multiple tasks in a fast paced environment with a strong sense of urgency, independently or under minimal supervision.
9. Excellent verbal/written communication skills and interpersonal skills in order to interact professionally and effectively with coworkers, staff, members and vendors.