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Mortgage Closer I

Location: VA Winchester - Operations Full/Part Time: Full-Time Regular/Temporary: Regular

Job Description

Employee Perks

Why You Will Love Being Part of the Navy Federal Team:

*Competitive compensation with opportunities for annual raises, promotions, and bonus potential
*Best-in-Class Benefits! (7% 401k match / Pension plan / Tuition reimbursement / Great insurance options)
*On-site amenities include fitness center, wellness center, cafeteria, etc. at Pensacola, FL; Vienna, VA and Winchester, VA campuses
*Consistently Awarded Top Workplace
*Nationally recognized training department by TRAINING Magazine IND123
*An employee-focused, diverse, and service-oriented workplace environment

Basic Purpose

To close first mortgage loans in accordance with applicable federal/state laws as well as Navy Federal policies and procedures. Prepare mortgage packages for delivery to settlement companies for purposes of closing on conventional, Veteran's Administration (VA) and Federal Housing Administration (FHA) mortgage products. To coordinate the closing and funding of assigned loan packages.


• Authorize release of closing packages to closing agent
• Determine amount to be withheld from loan proceeds, request and process internal payoffs and prepare request for loan disbursement
• Determine status of title and review mortgagees, mortgagors, manner of title and existing/proposed liens for accuracy
• Ensure credit, underwriting and property conditions have been satisfied prior to closing
• Evaluate title exceptions and determine if applicable; clear any mortgage related deficiencies within specified time period
• Examine property status reports and property insurance policies for accuracy in documents and proper coverage
• Maintain contact with lawyers, settlement agents and real estate brokers regarding the status of closing package
• Monitor mortgage loan process and ensure compliance with Federal laws, as well as, Navy Federal, NCUA and secondary market practices, guidelines and regulations
• Prepare fully executed mortgage file for post-closing
• Provide closing agent with information for title binder and specifics about documents and conditions required for closing
• Review preliminary and final closing package including HUD-1 for RESPA compliance
• Review property surveys for unacceptable or uninsurable encroachments or violations
• Schedule settlement with closing agent, member, seller and realtor
• Verify completeness and accuracy of approved credit packages
• Perform other duties as assigned

Qualifications and Education Requirements:

• Ability to adapt to fluctuating work-flow
• Ability to remain calm and courteous under pressure while dealing with internal & external members/customers
• Ability to work effectively and efficiently with automated systems
• Experience in performing clerical or administrative duties/responsibilities
• Exposure to working in a high volume, fast paced environment
• Basic skill following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and regulations
• Basic skill performing mathematical calculations and working accurately with numbers
• Basic verbal and written communication skills

Desired Qualifications and Education Requirements:

• Experience in the mortgage lending industry
• Working knowledge of Navy Federal mortgage products, services, programs, policies and procedures

Hours: Monday-Friday; 2:00pm-10:30pm

Location: 141 Security Dr. Winchester, VA 22602

Equal Employment Opportunity

Navy Federal values, celebrates, and enacts diversity in the workplace.  Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans.  EOE/AA/M/F/Veteran/Disability


Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need.

Bank Secrecy Act

Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.