What are the responsibilities and job description for the Mortgage Closing Specialist position at Polish National Credit Union?
Description
Polish National Credit Union stands strong as a full-service, member-owned credit union, offering a complete line of personal and business banking products and services. Since our inception in 1921, Polish National has grown to meet the needs of our communities. We proudly support the community through non-profit and educational initiatives. An important aspect of all positions at the credit union is to fulfill our mission “To Grow Lasting Relationships to Improve People’s Lives.”
We are currently seeking a self-motivated, energetic individual to join our team. The ideal candidate will possess two to five years of mortgage closing experience in a credit union or similar financial institution, eager to make an impact with a strong, professional work ethic.
Essential Duties and Responsibilities:
Performs a variety of duties pertaining to the closings of residential mortgage loans including ensuring files are cleared to close, scheduling timely mortgage closings, loan funding, and post-closing functions. Prudently adheres to Polish National Credit Union’s lending policies and procedures as well as all applicable regulatory requirements.
• Ensures all underwriting conditions on mortgage files have been satisfied and the file is cleared to close.
• Verifies all required information, forms, and documentation is collected and complete, including but not limited to file contacts.
• Promptly schedules loan closings with mutually convenient closing dates to facilitate an efficient, streamlined process for our borrowers and closing partners.
• Daily interaction with settlement agents, paralegals, and borrowers; provides timely responses to resolve any problems or questions pertaining to scheduling and loan funding.
• Works with borrowers and insurance companies to obtain satisfactory insurance binders
• Maintains the department’s closing calendar to ensure it is up to date at all times.
• Contacts borrowers to notify them their closing disclosure has been sent and must be signed within the specified time for the closing to occur.
• Ensures complete closing packages are received in a timely manner; reviews all packages to ensure the required closing documents have been returned and are correct and signed, notarized, etc.
• Contacts settlement agents if documents are missing or incorrect; follows up with weekly emails or calls to ensure issues are resolved.
• Scans and uploads all closing packages into the Credit Union’s loan origination system and ensures the individual documents are correctly distributed in the electronic file.
• Provides support to and assists loan servicing with all lending audits and exams
Qualifications:
• Minimum of two years of mortgage closing or related experience in a credit union or similar financial institution
• Knowledge of lending compliance regulations (Reg. Z, RESPA, Truth in Lending, Reg. B, HMDA)
• NMLS/SAFE ACT compliant
• Experience with Encompass is preferred
• Superior attention to detail
• Possess solid organizational and time management skills and problem-solving skills
• Self-starter, self-reliant, dependable, ability to work within and meet specific time constraints
• Team player with a positive attitude and willingness to work well with others.
• Proficient in MS Office and Outlook
• Results oriented and able to prioritize multiple tasks
• Excellent written and verbal communication skills
Benefits:
Polish National Credit Union offers an attractive compensation and benefits package, including health, dental, vision, flexible spending accounts, 401(k) with employer match, tuition assistance, and a student loan repayment program.
Equal Opportunity Employer
Our Credit Union is an equal opportunity employer. All applicants will be considered regardless of race, color, creed, religion, sex, sexual orientation, national origin, age, marital or veteran status; medical condition, disability; genetic information, or any other legally protected status. Equal access to the hiring process, services, and employment is available to all persons.