Overview
HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; leverages resources; and engages in advocacy that strengthens the financial health of people in under-resourced Deep South communities. Since 1994, these efforts have benefited more than three million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at https://www.hopecu.org/.
Job Details Title:
Mortgage Loan Closer
Department:
Mortgage
Reports to:
Mortgage Closing Manager
Supervises:
N/A
Job Classification:
Full-time, Non-Exempt
Location:
Birmingham, AL, Hybrid
Job Summary The Mortgage Loan Closer is responsible for closing, funding and reviewing residential mortgage loans in accordance with the terms and conditions of the loan approval.
Responsibilities
Ensure closing packages are completed within TRID guidelines
Ensure accuracy of documents received before completion of CD
Provide Accounting Department a Daily Cash Sheet for forecast of funding/purchasing of loans
Review file for underwriting instructions, title commitment, flood certification, hazard insurance coverage, flood insurance coverage, clearance of termite, and BSA compliance
Prepare documentation required for residential mortgage, grant, and bond closings
Provide closing documents to closing agent
Review HUD-1 for approval
Wire funds to closing agent upon approval
Upon receipt of completed closing package from closing agent, review loan documentation
Log receipt of closing package and delivery to servicing
Notify closing agent if there are errors in retail loan closing package
Notify correspondent lender of outstanding conditions on wholesale loans
Perform a full review of files received for purchase from correspondent lenders for underwriting conditions and for proper closing of loans
Communicate with correspondent lender for any outstanding conditions on files received for purchase
Follow-up on post-closing items in a timely fashion
Provide excellent internal and external customer service
Provide month-end closing report
Secondary Functions
Perform general administrative duties such as attending meetings, report production, etc.
Assist Loan Specialist in review process
Assist other departments as a Mortgage Loan Closer
Assist in review and response of Quality Control Audits
Work with other departments when needed on projects related to the mission of ECD/HOPE
Accountability for Business Results
Mortgage closing cycle time
Proper closing of loan
Ensuring correct funds for closing
Specified Authority Level
Approve HUD-1 form
Approve loan for purchase based on Underwriter approval
Approve funding for wiring
Qualifications
Bachelor’s degree in relevant field or equivalent experience
Two years of experience in residential mortgage loan documentation and closing
Demonstrated strength in ability to manage multiple projects at once while maintaining appropriate attention to details
Physical Demands
Employee is regularly required to sit, stand and walk.
Employee will be in constant use of keyboard, which would require use of hands and fingers.
Employee will be in constant communication with other persons related to work and requiring the use of hearing and speaking.
Employee must infrequently lift and/or move up to 10 pounds.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment
Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers.
Noise level in the work environment is usually moderate.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. Hope Enterprise Corporation does not participate in or engage in any form of visa sponsorship, including employment-based visa applications or extensions (e.g., H-1B, TN, O-1, OPT, STEM OPT, etc.). Candidates must be legally authorized to work in the United States at the time of application and throughout the duration of employment.
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Job Details Title:
Mortgage Loan Closer
Department:
Mortgage
Reports to:
Mortgage Closing Manager
Supervises:
N/A
Job Classification:
Full-time, Non-Exempt
Location:
Birmingham, AL, Hybrid
Job Summary The Mortgage Loan Closer is responsible for closing, funding and reviewing residential mortgage loans in accordance with the terms and conditions of the loan approval.
Responsibilities
Ensure closing packages are completed within TRID guidelines
Ensure accuracy of documents received before completion of CD
Provide Accounting Department a Daily Cash Sheet for forecast of funding/purchasing of loans
Review file for underwriting instructions, title commitment, flood certification, hazard insurance coverage, flood insurance coverage, clearance of termite, and BSA compliance
Prepare documentation required for residential mortgage, grant, and bond closings
Provide closing documents to closing agent
Review HUD-1 for approval
Wire funds to closing agent upon approval
Upon receipt of completed closing package from closing agent, review loan documentation
Log receipt of closing package and delivery to servicing
Notify closing agent if there are errors in retail loan closing package
Notify correspondent lender of outstanding conditions on wholesale loans
Perform a full review of files received for purchase from correspondent lenders for underwriting conditions and for proper closing of loans
Communicate with correspondent lender for any outstanding conditions on files received for purchase
Follow-up on post-closing items in a timely fashion
Provide excellent internal and external customer service
Provide month-end closing report
Secondary Functions
Perform general administrative duties such as attending meetings, report production, etc.
Assist Loan Specialist in review process
Assist other departments as a Mortgage Loan Closer
Assist in review and response of Quality Control Audits
Work with other departments when needed on projects related to the mission of ECD/HOPE
Accountability for Business Results
Mortgage closing cycle time
Proper closing of loan
Ensuring correct funds for closing
Specified Authority Level
Approve HUD-1 form
Approve loan for purchase based on Underwriter approval
Approve funding for wiring
Qualifications
Bachelor’s degree in relevant field or equivalent experience
Two years of experience in residential mortgage loan documentation and closing
Demonstrated strength in ability to manage multiple projects at once while maintaining appropriate attention to details
Physical Demands
Employee is regularly required to sit, stand and walk.
Employee will be in constant use of keyboard, which would require use of hands and fingers.
Employee will be in constant communication with other persons related to work and requiring the use of hearing and speaking.
Employee must infrequently lift and/or move up to 10 pounds.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment
Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers.
Noise level in the work environment is usually moderate.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. Hope Enterprise Corporation does not participate in or engage in any form of visa sponsorship, including employment-based visa applications or extensions (e.g., H-1B, TN, O-1, OPT, STEM OPT, etc.). Candidates must be legally authorized to work in the United States at the time of application and throughout the duration of employment.
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