Mortgage Loan Closer I
Overview
Reports To: Varies by location
Functions Supervised: None
Primary Functions: Close, review, and disburse conventional mortgage loans.
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 complies with Global Credit Union, 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 transaction, 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.
Qualifications
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 general knowledge of mortgage loan closing documentation requirements. Must be able to perform duties independently with minimal supervision. Must have demonstrated an ability to routinely perform a large number of technical transactions with minimal errors.
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.
Compensation
Salary Pay Range:
Mortgage Loan Closer I (Category 13): $49,284 - $73,391 annually
Mortgage Loan Closer II (Category 12): $53,226 - $81,405 annually
Mortgage Loan Closer III (Category 11): $57,484 - $90,230 annually
Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.
In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
Benefits
Short-term and long-term incentives
Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
401(k) plan with a 5% match
Employee Assistance Program (EAP)
Life and disability coverage
Voluntary cash benefits for accident, hospitalization and critical illness
Tuition Reimbursement
Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Click here to view Globals comprehensive Benefits Programs
Equal Opportunity Employer
Apply Now
Reports To: Varies by location
Functions Supervised: None
Primary Functions: Close, review, and disburse conventional mortgage loans.
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 complies with Global Credit Union, 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 transaction, 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.
Qualifications
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 general knowledge of mortgage loan closing documentation requirements. Must be able to perform duties independently with minimal supervision. Must have demonstrated an ability to routinely perform a large number of technical transactions with minimal errors.
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.
Compensation
Salary Pay Range:
Mortgage Loan Closer I (Category 13): $49,284 - $73,391 annually
Mortgage Loan Closer II (Category 12): $53,226 - $81,405 annually
Mortgage Loan Closer III (Category 11): $57,484 - $90,230 annually
Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.
In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
Benefits
Short-term and long-term incentives
Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
401(k) plan with a 5% match
Employee Assistance Program (EAP)
Life and disability coverage
Voluntary cash benefits for accident, hospitalization and critical illness
Tuition Reimbursement
Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Click here to view Globals comprehensive Benefits Programs
Equal Opportunity Employer
Apply Now