Mortgage Processor, Closing & Funding Specialist
Confidential
Posted: March 4, 2026
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Quick Summary
Own the mortgage loan pipeline from initial file setup and document collection, ensuring accurate, timely and compliance with federal regulations and NCUA requirements.
Required Skills
Job Description
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.
Position Summary
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.
Key Responsibilities
Loan Processing & File Management
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.
Regulatory Disclosures
Prepare and deliver Loan Estimates (LE), Closing Disclosures (CD), and required notices.
Monitor TRID timing rules, 3-day disclosure periods, and CD waiting periods.
Closing Document Preparation
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.
Closing Disclosure Balancing
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.
Wire Preparation & 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.
Post-Closing Quality & Compliance
Ensure complete, accurate loan files prior to boarding; support internal and external audits.
Identify and escalate discrepancies, tolerance violations, or compliance concerns.
Qualifications
Required
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.
Preferred
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).
Why Join Us
Be part of a member-focused credit union with strong community values.
Competitive salary and benefits package.
Opportunities for professional growth and leadership development