Mortgage Closer
Northwest Federal Credit Union

Overview
The Mortgage Lending team assists Northwest Federal Credit Union in living out our vision to be the lifetime financial partner for our member-owners. To achieve this goal, our team must deliver the highest quality service to internal and external members. The primary responsibility of the Mortgage Closer is to provide a seamless conclusion to the loan process by preparing closing packages on first mortgage and equity loans, the funding and disbursement of each loan and insuring compliance with Credit Union policies and procedures along with regulatory guidelines. Additionally, Mortgage Closers work in partnership with teams across the organization to deliver on projects that improve visibility into the member experience.
Responsibilities

• Prepare accurate and error free closing document packages on all mortgage loan types within 48 hours of settlement
• Post, Fund and Disburse all mortgage loan types accurately and error free
• Knowledgeable in real estate forms, contracts and documents
• Provide general Credit Union information to members and cross sells products and services as needed
• Ensure all loan underwriting/closing conditions are satisfied prior to the preparation of the closing packages
• Provide clear and concise closing conditions to the settlement attorney and/or title company in an effort to ensure compliance and saleability of the loan
• Identify and alert management to potential issues which arise that could negatively impact compliance and the saleability of the loan
• Coordinate settlement between title company and/or attorneys and members from scheduling through funding
• Remain responsive to the needs of the title company/member to ensure a seamless transaction and timely settlement
• Conduct Equity loan settlements in a professional manner ensuring all documents are properly signed and notarized
• Print checks for Home Equity Line of Credit loans
• Meet production expectations as determined by the immediate supervisor
• Ensure accuracy of disclosures and provide to member within required regulatory compliance time-frames
• Examines and analyzes title work and works to ensure title binder and Closing Protection Letter are accurate
• Ensure all loans are in compliance with all investor, regulatory and PMI guidelines
• Review system and all documentation for accuracy; clarifies missing or questionable information and follows-up with all parties involved to ensure accuracy before the closing documents are released
• Prepare vouchers for closing transactions to include complete and accurate disbursement of all funds
• Satisfy all closing conditions ensuring a seamless transition of the file through post closing
• Working knowledge of NWFCU, Federal and State regulations required by the National Credit Union Association
• Remains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)

#NWFCU1
Qualifications

• High school graduate or equivalent
• Minimum 3 years mortgage experience as a Mortgage Processor, Mortgage Closer or at least 3 years in a mortgage related field
• Ability to work flexible hours based on business needs: Monday - Friday 8:30AM-5:00PM; possible Saturdays, as needed
• Ability to work effectively on-site in our Herndon, VA headquarters and equally effectively remotely
• Knowledge of Credit Union Policies and Procedures relating to mortgage operations
• Knowledge of federal regulations and compliance issues such as RESPA, REG Z, HMDA, etc.
• Basic knowledge of secondary market guidelines to include SAFE Act Licensing
• Ability to use standard office and/or banking equipment and systems; working knowledge of Microsoft Office
• Demonstrates strong attention to detail
• Ability to accurately prepare vouchers for closing transactions. This entails basic accounting balancing functions and Excel proficiency
• Ability to navigate DNA and properly post and fund closing transactions
• Ability to maintain confidentiality
• Ability to collaborate
• Ability to interact effectively with all levels of the organization and/or with members
• Effective oral and written communication skills
• Effective problem-solving skills
• Excellent interpersonal skills

Additional Compensation
Northwest Federal offers a comprehensive and inclusive benefits program, which includes medical, dental and vision plans for you and your family, 4 weeks paid vacation, 12 paid holidays, 24 hours of paid volunteer time, parental leave, company paid disability and life insurance, and a generous 401(k) plan with up to 7% employer match.
EEO Notice
Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.

---