Closing Specialist

About Lowell Five

With $1.9 billion in assets, over 200 employees and 16 banking and lending locations throughout the Merrimack Valley and Southern New Hampshire, Lowell Five Bank is honored to play a vital role in the economic vitality of the region. Our employees are engaged in myriad community boards and organizations with the Bank’s support. We are proud of the longevity of our employees, and we are committed to finding new talent for our team. We offer career development and educational programs to support personal and professional growth along with a benefit package that supports each employee’s best life.

Essential Duties and Responsibilities

• Coordinates loan closings with attorneys when they are cleared to close
• Prepares Closing Disclosures in adherence to regulatory and Bank guidelines, which includes obtaining approval from the respective attorneys and following up with the clients for acknowledgments
• Reviews residential mortgage files and commercial loan closing packages to ensure accuracy and completeness
• Prepares balance sheets, confirms disbursement amounts at closing
• Approves settlement statement, verifies the net funding amount, and prepares funding requests
• Prepares checklists for closed loan packages; notifies attorneys of errors and track receipts of corrected documents

Please note this job description is not designed to cover a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change over time.

Requirements

• Minimum of two years' experience in real estate loan closing strongly preferred
• Working knowledge of various legal closing documents and TRID regulations
• Willingness and aptitude to learn new systems is required to support Bank growth and expansion of services; working knowledge of Microsoft Office is required and Finastra and/or Epic system(s) is preferred
• Detail-oriented with strong organizational skills
• Ability to multi-task, prioritize, and meet deadlines under variable conditions
• Flexibility and ability to adapt to change
• Ability to build and maintain relationships and work effectively with the team
• Strong communication and customer-service skills
• High degree of initiative, dependability, and ability to work independently
• Must be willing and able to report to Headquarters in Tewksbury five full days a week

Pay

The hourly range for this position is $28-32 per hour. This range reflects the Bank’s good faith estimate for this role at the time of posting. The Bank may ultimately pay more or less than the posted range, and the range may be modified in the future. Actual compensation will be determined based on factors, such as but not limited to, relevant education, experience, and skills.