Mission Fed is seeking a Real Estate closer, must have great attention to detail, no room for error, experience in wire transfers is a huge plus. Experience in document drawing, escrow background, managing pipelines, experience working on Deeds of Trust on all loan agreements and mortgage notes are helpful experience too.

KEY RESPONSIBILITIES:

1. Maintains a closing pipeline by completing closing documents within company stated timeframes, providing final funding authorization to closing agents, and adhering to wire cut-off times.

2. Prepares and delivers Closing Disclosures in accordance with all TRID requirements under Regulation Z (TILA) and Regulation X (RESPA).  Reviews and approves Escrow Settlement Statement in accordance with State and Federal regulations.  Monitors the accuracy of Timing and Delivery requirements for closing purposes by verifying delivery and receipt of initial Loan Estimate and any revisions prior to creating initial Closing Disclosure.

3. Identifies and discloses fee tolerance cures related to applicable fees being added or increased without being properly disclosed.  Notifies Closer/Funder Team Lead and Closing Manager.

4. Examines and reviews files for completion, including title commitments, settlement statements, payoffs, subordinations. Orders all necessary documents for loan closing.  Prepares loan closing documents. Balances accounting on each file to ensure proper funds are wired, payoffs are accurate, export files to servicer director or Symitar as required. Ensures the accuracy of data and attention to the correct account number.

5. Updates Mortgage Cadence with dates and methods of delivery of Closing Disclosures and loan documents. Confirms Timing and Delivery details regarding initial Loan Estimate and revised Les, when applicable.  Ensure the Intent to proceed and the initial TRID documents, Final 1008, are present prior to releasing loan documents.

6. Supports loan closings performed by settlement agents and branches. Reviews Escrow Settlement statements on refinance transaction to ensure accurate figures and cost.  Sign off on underwriter and standard required conditions.

7. Respond to members concerns with questions regarding loan document forms, closing timeframes, and basis questions of data as it pertains to the closing of a file.  Order property title endorsements and ensures documents are delivered to escrow timely. Ensure accuracy of closing documents to meet financial industry regulations. Assembles and verifies all the closing documents required by the title company and investors.

8. Prepares files for funding:
   1. Determines acceptability of closing documentation in meeting underwriting criteria.
   2. Signs off on outstanding pre-funding conditions as circumstances require.
   3. Prepares final figures and disburses loan proceeds to escrow or title.
   4. Ensures loan documents and signatures are accurate and complete, identifies deficiencies to be addressed with Closer/Funder Team Lead.
   5. Analyze the Flag on equity transactions to ensure position placement, order insurance as required, prepare the final closing numbers, and ensure payoffs are updated and delivered on time.

9. Disburses proceeds via checks and/or wires, and coordinates with Finance and Loan Servicing. Accurately disburses proceeds through appropriate general ledger transactions.

10. Balances daily transactions, verifies checks are in balance, and all general ledgers are debited/credited correctly.  Balances branch teller totals, when scheduled.

11. Implements policies and procedures as required.

12. Assists with Real Estate team phone queue to ensure member service levels are held to a high standard. Assits with initial disclosures and compliance as needed.

13. Ensures members receive their proceeds in accordance with regulations in a timely manner.  Ensures all payoffs are completed in a timely manner, the terms of approval have been satisfied upon closing, and all closing functions have been completed.

14. Maintains in-depth knowledge of and complies with all Mission Fed, departmental and security policies, and procedures, as well as federal regulations applicable to the position, including BSA requirements. Completes all required compliance training as assigned.

15. Performs other duties as assigned.

QUALIFICATIONS:

Education:  . GED or Highschool 

Experience:  A minimum of one-year previous funding/closing experience (or equivalent real estate lending experience) is required.  Experience in escrow administration (knowledge of rules and regulations) is strongly desired.  Experience should include both first and second trust deed loans (e.g., HELOCs and refinances). 

Detailed understanding of regulatory compliance guidelines and requirements (set by the applicable regulatory board(s)) within the TILA-RESPA Integrated Disclosure amendments to the Truth in Lending Act (Regulation Z) and Real Estate Settlement Procedures Act (Regulation X), Section 43 of Regulation Z including Higher Priced Mortgage Loans, HOEPA Section 32 tolerances, Electronic Signatures in Global and National Commerce Act (ESIGN), Equal Credit Opportunity Act (Regulation B), Flood Disaster Protection Act is necessary.

COMPETENCIES:

Skills & Abilities: Ability to handle multiple files in a fast-paced environment. Strong attention to detail and organizational skills. Must possess good verbal and written communication skills with members, internal staff members, and third parties. The ideal candidate will possess effective presentation, interpersonal, and customer service skills. Reliability, flexibility, and adaptability are necessary skills to the continuously changing lending environment and staffing needs of the Real Estate Originations department. A positive and professional demeanor is required, along with the ability to work as a team with other members of the Real Estate Loan Originations department.   Basic understanding of closing requirements pertaining to HOEPA, HPML and TRID regulations.

Software:  Microsoft Office Suite, Internet, Symitar, All Regs., Mortgage Cadence and Imagility software, Servicing software.

PHYSICAL DEMANDS/WORKING CONDITIONS:

• Constant sitting.

• Frequent repetitive use of the hand involving simple grasping.

• Occasional lifting & carrying 0-25 lbs.

**Critical features of this job are described under the headings above. They may be subject to change at any time due to reasonable accommodation or other reasons. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.**