Loan Closer

  • Location
    Rockville, Maryland
  • Category
    Accounting & Finance
  • Job reference:
  • Job type

Accounting Principals is seeking a Loan Closer for a credit union in Rockville, MD. Our client has an immediate need in their Mortgage Department and are looking for a temporary employee. The ideal candidate has experience in closing and post-closing conventional 1st mortgage loans and home equity loans. In addition, they must demonstrate a working knowledge of CFPB, Fannie Mae/Freddie Mac guidelines, and standard credit union policies and procedures. This role is 100% remote and offers competitive wages based on experience.


  • Reviews the closing conditions on the loan file and ensures that all required documentation and information needed for the loan closing is accurate and up to date, to clear the final conditions and work on the closing documents.
  • Validates the subject property information and loan terms entered in the system with the final loan approval and inputs closing data into the LOS.
  • Interacts closely with management, processing, underwriting, loan officers, closing agents and borrowers, and provides updates, as needed, to achieve goals for production time, timely issued and accurate closing documents and member satisfaction.
  • Audits, adjusts and approves the final Closing Disclosure, prior to sending out to the members and settlement agents.
  • Prepares and audits the wire transfer request and delivers to the Accounting Department in a timely manner to ensure the loan proceeds are wired on time.
  • Carefully reviews the scanned signed closing packages e-mailed by the Settlement Agents prior to funding the loan and notifies the appropriate parties of any deficiencies found.
  • Ensures that the closing loan data, fees, dates and loan statuses in the LOS are correct on all closed loans.
  • Funds any first trust mortgage loans and coordinates the delivery of the funded loan to Servicing no later than 3:00pm.
  • Funds any second trust/HELOC loans and ensures the loan data transferred to Spectrum/Account Services is correct, by reviewing and adjusting the LOCH, LOX2 and MORT screens as needed. Sends out any payoff checks, if applicable.
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