Mortgage Closer

About the role

The Mortgage Closer coordinates all phases of loan closing and funding, prepares loan closing packages, communicates with all parties involved, and ensures paperwork is complete, accurate, and compliant with legal regulations.

Responsibilities

• Establish communication and follow-up to acquire title and closing related fees and details.
• Review and update loan origination system data needed to populate closing disclosure for accuracy and completeness.
• Complete key mortgage-related fields in our Encompass origination system.
• Prepare initial Closing Disclosure and understand mortgage-related terms and types of programs.
• Conduct detailed review of all fees for accuracy.
• Manage and resolve any concerns, problems, and documentation issues.
• Advise all parties of any changes or issues that may occur to ensure high quality standards and customer service.
• Complete all disbursement procedures for issuing of funds to attorneys/title company, any necessary refund checks, and release of escrow monies withheld.
• Regular, reliable, and predictable attendance.

Essential Functions

• Comply with industry-related regulations, requirements, and state/federal laws as applicable to the job duties of this position.
• Work with manager to cure failures.
• Rework of CD when necessary.
• Respond to and resolves technical and complex problems that arise.
• Follow up on any deficiency requests by Shipping and Post-Closing to ensure timely procedure for loan funding.
• Keep abreast of industry regulations and changes and recommend procedural changes to management.
• Cook up mortgage closing proceedings and maintain accurate closing schedules.
• Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.

Minimum Educational & Experience Requirements

• A high school diploma or equivalent required.
• A bachelor’s degree in finance or relevant field preferred.
• Required to possess all applicable licenses.
• A minimum of 3 years’ experience as a Loan closer/funder or similar role.

Minimum Skill Requirements

• Professional and effective verbal and written communications.
• In-depth knowledge of closing procedures, loan processes, documentation and current regulatory requirements affecting mortgage loans.
• A high degree of detail orientation.
• Strong organizational skills.
• Ability to maintain a high level of confidentiality.
• Ability to work independently with minimal supervision.
• Proficient with MS Office.

Physical Demands

• Continuous stationary position, particularly, but not limited to, at a desktop computer.
• Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use.
• Continuous communication: verbal and written, in-person, phone and electronic.

Work Environment

• Office environment; remote and hybrid flexibility if determined by management.