Loan Specialist II - Mortgage Closer

Essential Duties and Responsibilities

• Obtains required documentation and processes more complex loan applications.
• Orders credit verifications and third party services.
• Tracks receipt of and reviews post closing legal documents.
• Follows up on missing documentation.
• Verifies loan applications and supporting documents for accuracy and completeness.
• Prepares and compiles documents for loan closing.
• Prepares or reviews for accuracy, Good Faith Estimates of Closing Costs, Regulation Z disclosures, and other disclosures required by consumer regulation.
• Schedules, coordinates loan closings, and clears for disbursement of loan proceeds.
• Performs initial credit analysis submission via automated underwriting, as requested.
• Performs routine loan calculations.
• Affords assistance to customers with moderately complex inquires or problems.
• Performs pre-closing, post-closing, or whole loan due diligence review of legal agreements and other closing documents to terms of loan commitment.
• Maintains currency in loan processing policies and procedures.
• Performs other duties and responsibilities as assigned.

Knowledge Required

• Intermediate level concepts, practices and procedures of commercial and retail loan processing and documentation.
• Basic principles of banking and finance.
• Financial markets and products.
• Fannie Mae and Freddie Mac Underwriting guidelines.
• TRID (TILA-Respa Integrated Disclosure) and the Closing Disclosure Timing requirements.
• Experience reviewing Title commitments, Trust Agreements, and POA ("Price on Application" also known as "Price on Asking").
• Multi-state real estate, closing, and title practices.
• Federal and State lending laws.
• Loan origination software packages.

Skills Required

• Processing more complex loan applications.
• Verifying loan applications and supporting documents.
• Preparing loan closing packages.
• Preparing records and reports.
• Performing routine loan calculations.
• Operating standard office equipment and using required software applications.
• Reviewing and interpreting commercial loan documentation and terms.
• Reviewing and interpreting residential and consumer documentation and terms.
• Reviewing and personal financial statements and supporting documents.

Ability Required

• Read, interpret, analyze and apply information from loan application documents.
• Interpret and apply policies.
• Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
• Communicate effectively, both orally and in writing.
• Work independently as well as collaboratively within a team environment.
• Handle stressful situations and provide a high level of customer service in a calm and professional manner.
• Establish and maintain effective working relationships.
• Maintain currency in loan processing policies and procedures.

Education & Experience

• General Experience - 7 to 12 months.

Certifications

• N/A

Workstyle

Hybrid

Total Compensation

• The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions.

Benefits

• This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.

Company Culture

• The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
• At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
• We Expect Our Associates At All Levels To Grow professionally and inspire others to do the same.
• Work with and through others to achieve desired outcomes.
• Make prompt, pragmatic choices and act with the client in mind.
• Take ownership and hold themselves and others accountable for delivering results that matter.
• Contribute to the continuous evolution of the firm.
• At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.