Home Equity Closing Specialist

4 weeks ago


Southfield, United States People Driven Credit Union Full time

Are you People Driven? Do you love to provide excellent service, have high attention to detail and the ability to multitask? We are seeking an experienced home equity application specialist to join our team. Compensation for this position starts at $22.70 per hour, but offers can go up depending on experience and transferrable skills.

About People Driven Credit Union

At People Driven Credit Union, we build strong relationships with our members and community with the goal to strengthen the financial well-being of those we serve. Our members have been at the core of who we are for over 90 years. We strive to surround ourselves with smart, passionate people who are curious and can apply experience and insight. People Driven believes in mutual success built on cultivation of long-term employee, member and vendor relationships.

Why have a Career at People Driven Credit Union?

  • Employer paid medical, dental and vision for you and a low cost to add family members
  • Additional benefits including an employer sponsored 40lK program, vacation and personal time off
  • Federal holidays off with pay
  • A wellness program including fitness and wellbeing program reimbursements
  • To learn more about PDCU go to our website at
The Home Equity Processing/Closing Specialist is responsible for the processing of home equity loans from beginning to end (processing, closing, and funding). This role is essential in presenting a complete and accurate loan file to our underwriting department, creating accurate closing documents, and ensuring loans fund timely and comply with credit union and investor guidelines. This Team Member strives to meet the needs of People Driven Credit Union members, ensuring they are promptly and professionally served.

Essential Job Duties:
  • Serves as liaison between People Driven Credit Union, the member, our vendors, and internal team to facilitate timely loan processing, closing, and funding.
  • Request, obtain and verify that all loan documentation, such as title insurance, homeowners' insurance, appraisals, loan applications, credit reports and income are accurate and provided promptly to underwriters for review.
  • Contact members to discuss final closing details and numbers prior to sending closing documents.
  • Prepares and sends out initial closing disclosure (CD) for members to sign.
  • Complete funding and disbursement including processing of loan drafts and setting up payment allocations.
  • Perform post-closing audits on loans to ensure all documents successfully obtained, completed and all closing conditions have been met.

Minimum of 1 year experience processing/closing home equity loans in a financial institution required.

*Must be able to pass Background and Drug screening.

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