Mortgage Loan Closer

Herndon, VA
Sep 09, 2021
Sep 28, 2021
Full Time

For more than 70 years, Northwest Federal Credit Union has provided valuable financial products and services for our members. Northwest offers employees a comprehensive benefits program including: medical and dental plans, paid time off, a generous 401k match, student loan assistance, parental leave, and the opportunity to grow professionally through a wide range of job-based, classroom and online training resources. Northwest Federal Credit Union has been recognized, for the second consecutive year, as a 2021 Top Workplace by The Washington Post and we believe that our success is built upon the excellence and achievement of our employees. Together, we serve and inspire to transform lives.

The primary purpose of this position is to assist Northwest Credit Union in living out our vision to be the lifetime financial partner for our member-owners. To achieve this goal, the position must deliver the highest quality service to internal and external members. The primary responsibility of the Mortgage Loan Closer position is to provide a seamless conclusion to the loan process by preparing closing packages on first mortgage and equity loans, the disbursement of each loan and insuring compliance with Credit Union policies and procedures along with regulatory guidelines.


  • Prepare accurate and error free closing document packages on all mortgage loan types within 48 hours of settlement
  • Disburses all mortgage loan types accurately and error free
  • Knowledgeable in real estate forms, contracts and documents
  • Provide general information Credit Union information and cross sells products and services
  • Ensure all loan underwriting conditions are satisfied prior to the preparation of the closing packages
  • Provide clear and concise closing conditions to the settlement attorney and/or title company in an effort to ensure compliance and saleability of the loan
  • Ensure all closing conditions have been satisfied prior to loan disbursement
  • Identify and alert management to potential issues which arise that could negatively impact compliance and the saleability of the loan
  • Coordinate settlement between title company and/or attorneys and members from scheduling through funding
  • Remain responsive to the needs of the title company to ensure a seamless transaction and timely settlement
  • Conduct equity loan settlements in a professional manner ensuring all documents are properly signed and notarized
  • Print checks for Home Equity Line of Credit loans
  • Disburse equity loans and 1st trust mortgages
  • Remains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)


  • High school graduate or equivalent and a minimum of 1-year mortgage experience as a Mortgage Loan Processor or Mortgage Loan Closer or at least 1-year experience in a mortgage related field.
  • Knowledge of Credit Union Policies and Procedures relating to mortgage operations
  • Knowledge of federal regulations and compliance issues such as RESPA, REG Z, HMDA, etc.

EEO Notice

Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or

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