Corporate Mortgage Closer I

About The Role

Summary

The Mortgage Loan Closer prepares the initial and final closing disclosure (to include review of the Seller CD) and closing package, funds the mortgage transaction, ensuring that all documents are complete, accurate, and in compliance with applicable laws and regulations.

This is a Corporate position which may be located at an available bank division in Coeur d'Alene, ID, Post Falls, ID, or Spokane, WA. The entry rate for this position is $19.12 + / per hour (calculated for Couer d'Alene, ID).

Description

• Maintains a professional, courteous, service-oriented relationship with all parties involved in the loan process.
• Acts as liaison between the company, the title/escrow company, and the originator to ensure timely closing of the loan, accurate completion of all loan documents, and coordination of the closing process.
• Schedules and prepares loans for closing once the underwriter has approved the loan and conditions are cleared.
• Ensures closing documents and instructions are accurate by:
  • Reviewing fees and final figures from title/escrow
  • Calculating cash to close
  • Validating loan data
• Enters required data into Loan Origination System (LOS)
• Delivers Closing Disclosure per proper Service Level Agreements (SLA)
• Sends closing document package to title/escrow and borrower (if eClosing)
• Receives in signed closing docs from title/escrow and requests funding of the loan
• Accountable for follow-up for any missing or incomplete loan documentation in all files processed and/or closed
• Maintains compliance with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.