Mortgage Loan Closer III

Alaska USA Federal Credit Union
Full Time
Glendale Ops Center
Minimum Salary Grade
Category 11: depending on experience
Work Hours
Monday - Friday: 8:00 am - 5:00 pmOvertime as needed.
Regular Schedule is five 8 hour days
Addition Shift Differential


Reports To: Varies by Location


Primary Functions: Close, review, and disburse conventional, FHA, VA, and RD mortgage loans, as well as specialty program mortgage loans (such as HUD184, FHA203k, and State/Community bond programs).


Duties and Responsibilities:

  1. Clear the preliminary title report of any item that will prevent attaining the appropriate lien position.
  2. Review all closing documentation to ensure that all required documents and information are present, and that the information contained in the documentation complied with AKUSA, regulatory, investor, and guarantor requirements.
  3. Compile, input, and confirm all monetary information necessary to properly submit mortgage loans to the escrow agency for closing.
  4. Prepare all loan documents for appropriate signatures.
  5. Coordinate with selected escrow and/or title company and forward necessary document for closing.
  6. Take any signatures necessary for in-house real estate transactions, including assumptions and liability releases.
  7. Complete and correct loan files as directed by supervisor. Coordinate with Loan Delivery to make certain corrections are obtained timely, to meet investor requirements.
  8. Assist other closers as necessary as directed by supervisor.
  9. Communicate and coordinate with originating and underwriting staff to facilitate excellent member service.
  10. Perform other duties as assigned.


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 thorough knowledge of mortgage loan closing documentation requirements. Must be able to perform duties independently with minimal supervision. Must have demonstrated an ability to routinely close a high volume of loans without errors. Advanced industry courses in real estate lending and closing.


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.


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