Mortgage Loan Closer/Funder chez Lafayette Federal Credit Union

Description

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions.
 

Join Lafayette Federal Credit Union, a proud recipient of USA Today's Top Workplaces of 2025 award! 

As we continue to grow, we are on the lookout for exceptional talent to join our dynamic team. At Lafayette Federal Credit Union, we pride ourselves on our commitment to excellence and our reputation as an employer of choice.  We believe that the dedication and skills of our team members are crucial to achieving our mission of becoming the premier financial partner for our community. Your potential contributions are invaluable, and we are excited to welcome new team members who share our passion for innovation and high performance.

About us:

Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! In addition to our Top Workplaces recognition by USA Today, we've also earned numerous accolades including:

• Newsweek’s America’s Best Banks list
• A 5-star rating from Bauer Financial
• Recognition by S&P Global's Top Performing Credit Unions

Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. 

Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry. 

Lafayette Federal may have the perfect opportunity for you! 

We are currently seeking a Mortgage Loan Closer/Funder to be responsible for responsible for accurately preparing, reviewing, and funding all residential loan products, including Conventional, FHA, VA, HELOC, and Down Payment Assistance (DPA) programs in accordance with Lafayette Federal Credit Union (LFCU) policies, investor guidelines, and regulatory requirements. This position ensures all closings are completed timely, accurately, and in compliance with TRID, RESPA, and TILA standards.

Requirements

Closing Preparation

• Review approved loan files in LOS (Calyx Path/Encompass) to verify completeness and accuracy.
• Confirm all underwriting and compliance conditions are satisfied prior to document generation.
• Prepare and validate Closing Disclosures (CDs), loan documents, and settlement statements.
• Ensure loan data integrity across all systems in mortgage lending such as Calyx, Encompass, FICS, and Keystone

Coordination with Settlement Agents

• Communicate with title companies, attorneys, and settlement agents to confirm closings details
• Balance CDs and verify closing fees and charges align with investor and regulatory standards.
• Confirm and validate wire instructions and manage delivery of closing packages securely.

Funding Authorization & Quality Control

• Verify all closing conditions have been satisfied and supporting documentation is complete prior to funding.
• Accurately calculate funding amounts, authorize wire disbursements through Keystone, and confirm receipt of executed closing packages.
• Review signed closing packages for completeness and compliance prior to post-closing submission.

Compliance & Training

• Maintain compliance with TRID, RESPA, TILA, Reg Z, Reg B, and investor guidelines.
• Ensure accurate disclosures, calculations, and documentation for FHA, VA, HELOC, and DPA loans.
• Support internal audit and quality control reviews by providing complete and accurate closing files.
• Identify opportunities for process improvements to enhance operational efficiency and member experience.

Education:

• High school diploma required; Associate degree preferred.

Experience:

• Minimum 2+ years of mortgage closing/funding experience, including FHA, VA, HELOC, and DPA programs.
• Technical Skills: Proficiency with Calyx Path, Encompass, Keystone, and FICS preferred.
• Knowledge: Strong understanding of TRID, RESPA, TILA, Reg Z, Reg B, and investor requirements.
• Attributes: Exceptional attention to detail, organization, and the ability to manage multiple closings under tight deadlines.

Top benefits or perks:

Joining Lafayette Federal comes with perks to support you in your personal and professional journey.

We provide employees with a generous benefits package including:

• Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan) 
• Fully funded deductible (HMO Plan)
• 401k employer matching contribution 
• Income protection with life insurance, short and long-term disability
• Paid time off, holiday leave & birthday leave
• Educational assistance
• Commuter benefits program and more! 

The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.

Pay: $49, 700 - $62, 000 annually depending on experience and qualifications.

*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer

*EOE/AA/DISABILITY/VETERAN