Sr. Mortgage Loan Closer

Sr. Mortgage Loan Processor – Closer Location: Washington, DC • Status: Full-Time | Non-Exempt Department: Lending – Mortgage Ops • Reports To: Loan Production Manager & CLO About the IDB Global Federal Credit Union IDB Global Federal Credit Union (IDB Global FCU) is a not-for-profit financial cooperative proudly serving the employees, retirees, and families of the Inter-American Development Bank Group and its affiliated organizations (IDB, IDB Invest, and IDB Lab). Our mission is to empower our international membership through innovative financial solutions, personalized service, and a culture of integrity and inclusion. As a federally insured institution, IDB Global FCU adheres to the highest regulatory standards and industry best practices, ensuring safety, transparency, and trust in every member interaction. We offer a comprehensive range of financial products and services designed to meet the unique needs of our global community—helping members achieve their financial goals with confidence and peace of mind. Position Summary & Role Description The Mortgage Loan Processor – Closer plays a critical role in delivering a seamless, compliant, and member-focused mortgage experience. This senior-level position is responsible for managing residential first- and second-trust mortgage files from setup through post-closing, ensuring accuracy, efficiency, and strict adherence to investor and portfolio lending guidelines. The ideal candidate will have extensive experience in processing, closing, and post-closing functions, with a strong command of compliance requirements including TRID, RESPA, TILA, HMDA, and Fair Lending regulations. This role requires exceptional attention to detail, sound judgment, and the ability to manage a high-volume pipeline independently while providing superior service to members and internal partners. This is a full-time hybrid role for a Sr. Mortgage Loan Closer - Processor located in Washington, DC, with the option to work from home some of the time. The responsibilities include reviewing and preparing loan documents, ensuring compliance with mortgage lending regulations, coordinating the funding process, managing escrow accounts, and facilitating timely loan closings. The individual will work closely with various departments to ensure a seamless and efficient mortgage closing process. Key Responsibilities A. Loan Setup & Processing Establish and maintain complete loan files in Encompass 360 (ICE Mortgage Technology) with full accuracy and documentation integrity. Order and track required documents, including appraisals, title, payoffs, insurance, verifications, flood certifications, and mortgage insurance. Review and validate income, employment, assets, and liabilities per investor or portfolio requirements. Submit files through Desktop Underwriter (DU) or equivalent automated underwriting systems. Ensure all HMDA data fields are accurate and updated in the Loan Origination System to support annual reporting. Manage an active pipeline of approximately 30 mortgage loans from submission through funding, ensuring target turn times and closing dates are achieved. Proactively communicate with members, Mortgage Loan Officers (MLOs), title companies, and internal stakeholders to resolve conditions and ensure timely closings. Maintain a service-oriented approach that reflects IDB Global FCU’s member-focused mission. C. Closing & Funding Prepare, review, and audit Loan Estimates (LEs) and Closing Disclosures (CDs) for TRID and investor compliance. Coordinate settlement dates and deliver accurate closing packages to title and escrow partners. Review title reports, payoffs, and homeowner’s insurance for accuracy; clear vesting, lien, and judgment issues before funding. Monitor rate locks, ensure deadlines are met, and prepare funding requests for timely wire delivery. D. Post-Closing & Compliance Perform thorough post-closing reviews to verify document completeness and compliance. Deliver and scan all executed documents for servicing or investor delivery. Track and reconcile trailing documents, recorded instruments, and final title policies. Maintain complete HMDA accuracy throughout the loan lifecycle and assist with the annual reporting process. Adhere to all applicable laws and regulations, including RESPA, TILA, TRID, Fair Lending, BSA/AML, and OFAC compliance. Scan, upload, and deliver closing documents to the Servicing company MLS. QC uploaded documents in MLS for portfolio delivery accuracy. Performance Expectations Maintain 2 business days from final approval to delivery of closing documents. Achieve 98% TRID and documentation accuracy rate. Ensure 100% accuracy in HMDA data for annual submission. Maintain zero investor or servicing rejections due to documentation deficiencies. Deliver consistent, proactive communication and exceptional member service. Qualifications Education: Bachelor’s degree preferred; high school diploma with equivalent experience accepted. Experience: Minimum 6 –10 years of hands‑on experience in mortgage processing, closing, and post‑closing (credit union or community bank experience preferred). Technical: Expertise with Encompass 360, Microsoft Office Suite, and Fannie Mae DO system; experience with DocuSign and e-closing platforms a plus. Skills: Advanced knowledge of mortgage documentation, compliance requirements, and investor delivery standards; strong organizational and analytical skills; ability to work independently with minimal supervision. IDB Global Federal Credit Union provides a comprehensive benefits package that includes health, dental, and vision plans, life insurance, short—and long‑term disability plans, educational assistance, PTO, and a 401(k) retirement savings plan with a generous company contribution. This position pays between $33.62 and $42.03, depending on the candidate's qualifications and experience, and is also eligible for an annual incentive. Job Details Seniority level: Mid‑Senior level Employment type: Full-time Job function: Finance and Sales Industry: Banking #J-18808-Ljbffr