Marine Federal Credit Union

Job Description Job Description About the Role: The Mortgage Loan Closer plays a critical role in the finalization of mortgage loan transactions, ensuring all documentation is accurate, complete, and compliant with regulatory standards. This position is responsible for coordinating with borrowers, lenders, title companies, and other stakeholders to facilitate a smooth and timely closing process. The Mortgage Loan Closer reviews loan files meticulously to confirm that all conditions have been met prior to closing. They also prepare and review closing documents, disburse funds, and ensure proper recording of all necessary paperwork. Ultimately, this role ensures that mortgage loans are closed efficiently and in full compliance with company policies and legal requirements, contributing to a positive borrower experience and minimizing risk for the organization. Minimum Qualifications: High school diploma or equivalent. Minimum of 2 years experience in mortgage loan processing, closing, or a related field. Strong knowledge of mortgage loan documentation and closing procedures. Familiarity with federal and state mortgage lending regulations. Proficiency with loan origination software and Microsoft Office Suite. Preferred Qualifications: Certification as a Certified Mortgage Closer (CMC) or similar credential. Experience working with various loan products including FHA, VA, and conventional loans. Knowledge of title and escrow processes. Strong organizational skills with the ability to manage multiple loan closings simultaneously. Excellent communication and interpersonal skills. Responsibilities: Review and verify all loan documentation for accuracy and completeness prior to closing. Coordinate with borrowers, loan officers, title companies, and escrow agents to schedule and facilitate loan closings. Prepare and execute closing documents, including loan agreements, disclosures, and settlement statements. Ensure compliance with federal, state, and local regulations as well as company policies throughout the closing process. Disburse loan funds and ensure proper recording and filing of all closing documents. Communicate effectively with all parties involved to resolve any issues or discrepancies before closing. Maintain detailed records of all closed loans and prepare reports as required. Stay current with changes in mortgage regulations and industry best practices. Skills: The Mortgage Loan Closer utilizes attention to detail and organizational skills daily to review and verify complex loan documents, ensuring accuracy and compliance. Communication skills are essential for coordinating with borrowers, lenders, and title companies to facilitate smooth closings and resolve any issues promptly. Proficiency with loan origination software and document management systems enables efficient processing and tracking of loan files. Knowledge of regulatory requirements guides the closer in maintaining compliance and mitigating risk throughout the closing process. Additionally, problem-solving skills help address unexpected challenges, ensuring timely and successful loan closings. Monday-Friday, 8AM-5PM.