The purpose of the Mortgage Loan Closer is to coordinate the closing of all mortgage loan products, which includes the following core purposes: Liaison between the borrower, mortgage lending staff and third parties to the mortgage transaction Analyze, interpret, and act upon title policy conditions Develop and finalize closing disclosure based on TRID regulatory compliance with title company and borrower Analyze, interpret, and make decisions in order to clear underwriting conditions Coordinate the closing of the transaction with the title company, realtor, MLO and borrower Coordinate and deliver necessary credit union and borrower funds to title company Maintain compliance with Reg B, HMDA and TRID regulatory requirements Accountability to meet required credit union and purchase contract deadlines in order to deliver an exceptional borrower experience
Essential FunctionsDevelop and finalize closing disclosure and update closing costs as needed throughout the loan process to prevent tolerance violations and loan eligibility.Review, interpret and act upon underwriting conditionsCoordinate loan closing time and location with member, title company, and third parties.Prepare and verify closing documents to ensure accuracy and compliance with investor and lending regulations.Coordinate with title companies, MLOs, borrowers and third-party vendors to prepare and deliver accurate closing disclosures within required timeframes.Originate external and internal wire transfers to fund loan.Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.