Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of the largest and best managed credit unions in the country.
The Opportunity: We are seeking a full time Mortgage Loan Closer to join our team. This role is responsible for fulfilling first mortgage closings by coordinating with members, internal partners, third party services, real estate agents, and sellers and providing the document packages to the settlement agent. Ensures that all first mortgage transactions are closed in accordance with all local, state, federal, and investor requirements.
What You'll Do:
Review loan files for completeness and accuracy of loan data and closing information and update system accordingly.
Prepare and issue preliminary Closing Disclosure at prescribed process point.
Confirm closing date, time, and location, with all parties.
Prepare closing document packages and deliver to settlement agent via preferred method and/or location.
Review and confirm final figures with borrowers.
Follow-up and obtain documentation needed for closing (i.e., tax bills, insurance documentation, confirmation of HOA fees, updated payoff statements, POAs, etc.)
Coordinate funding of mortgage transactions with title companies/settlement agents (i.e., wire transfers, cashier's checks)
Clear closing conditions and tasks in loan origination system, when applicable.
Maintain working knowledge of local, state, federal, and investor guidelines to ensure compliance.
Update loan status in the system and ensure timely progression through the pipeline, to close loans within defined service level agreements.
Collaborate with loan officers and loan processors to ensure a smooth loan process and positive member experience.
Achieve performance goals and key performance indicators (KPIs) as defined by the management team.
What You'll Need:
High school diploma or equivalent work history required; associate's degree preferred.
Minimum 2 years of experience in mortgage loan closing or related field.
Strong understanding of mortgage products, including conventional, FHA, VA, and state-supported loans.
Familiarity with loan origination systems (LOS) and document management platforms.
Excellent organizational and time management skills.
Strong attention to detail and ability to work in a fast-paced environment.
Effective verbal and written communication and member service skills.
Occasional overtime may be required during peak periods.
Preferred but not required:
Experience with Michigan and Florida housing programs or government-backed loan products.
Knowledge of compliance and regulatory requirements (TRID, RESPA, HMDA).
What We Offer:
Potential for a hybrid work schedule
401k plan match, dollar for dollar up to 4%
401k additional employer contribution after one year at 5%
Employee bonus program
Medical, dental and vision insurance effective date of hire
Health savings account (HSA)
Flexible spending accounts for medical and dependent care expenses
Adoption assistance for qualified expenses maximum $10,000 per child
Wellness initiatives and reimbursements
Pre-paid legal services plan
Identity protection plan
Accident supplemental plan
Short & long term disability plans paid for by company
Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child
Pet Insurance
Free financial planning assistance
Numerous fun employee events throughout the year
Volunteer and community engagement opportunities
Employee loan discounts (closed-end loans)
Service / anniversary awards
Employee discounts for company logo wear
Employee referral payouts for recruiting your friends and family
Paid lunch time
Tuition reimbursement / Education assistance
Ongoing training opportunities
Leadership development program
Paid time off
Paid holidays (13 per year)
Flexible scheduling for students
Equal Opportunity Employer / Disabled / Veterans
