Closing Specialist

About the role

The Closing Specialist performs a variety of duties to ensure accurate and complete documentation on closed loan files. This position will be responsible for preparation of closing documents, final figures, and funding for loans.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Coincides with loan closings with attorneys when they are cleared to close
• Prepares Closing Disclosures in accordance with 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.
• Affirms the settlement statement, verifies the net funding amount, and prepares funding requests.
• Prepares checklists for closed loan packages; notifies attorneys of errors and tracks receipts of corrected documents.
• Performs other duties as assigned.

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