Mortgage Processor, Closing & Funding Specialist

About Us

Hercules First Federal Credit Union is committed to delivering exceptional service, fostering strong member relationships, and supporting our community. We are looking for a Mortgage Processor, Closing & Funding Specialist to join our Mortgage Lending team in Taylorsville.

In this full-cycle role, you’ll own the mortgage loan pipeline from initial file setup and document collection all the way through closing, wire disbursement, and post-closing compliance — ensuring every loan closes accurately, on time, and in full compliance with federal regulations and NCUA requirements.

• Review new loan applications and follow up on missing documentation.
• Order and track appraisals, title reports, flood certifications, and credit supplements.
• Collect and organize borrower income, asset, employment, and credit documentation.
• Clear underwriting conditions by coordinating with borrowers, realtors, and employers.
• Maintain loan files in the LOS and communicate status updates to all stakeholders.

• Prepare and deliver Loan Estimates (LE), Closing Disclosures (CD), and required notices.
• Monitor TRID timing rules, 3-day disclosure periods, and CD waiting periods.

• Prepare final closing packages aligned with underwriting conditions and internal policy.
• Coordinate with applicants, realtors, title companies, and settlement agents.
• Review title commitments, confirm vesting, lien position, legal descriptions, and recording instructions.

• Balance CD figures with title company settlement statements; reconcile payoffs, escrow, fees, and credits.
• Ensure TRID tolerance compliance and obtain final borrower acknowledgment prior to funding.

• Prepare outgoing wires, verify instructions using fraud‑prevention procedures, and confirm all funding conditions.
• Fund loans accurately and on time per credit union policy.

• Ensure complete, accurate loan files prior to boarding; support internal and external audits.
• Identify and elevate discrepancies, tolerance violations, or compliance concerns.

• 2–5 years of experience in mortgage processing, closing, post-closing, or funding.
• Strong working knowledge of TRID / RESPA / TILA requirements.
• Hands‑on experience with a Loan Origination System (LOS).
• Proven ability to collect and review mortgage documentation (income, assets, employment, credit).
• Solid understanding of wire procedures and fraud prevention best practices.
• Exceptional attention to detail, organizational skills, and ability to juggle multiple files under deadline.

• Experience at a credit union or federally regulated financial institution.
• Familiarity with NCUA regulations.
• Bilingual in Spanish.
• Knowledge of local Utah real estate practices.
• Secondary market experience (Fannie Mae / Freddie Mac).

• Be part of a member-focused credit union with strong community values.
• Competitive salary and benefits package.
• Opportunities for professional growth and leadership development.