Mortgage Closer

Duties And Responsibilities

• The Mortgage Closer is responsible for the timely and accurate closing of mortgage loan files according to established workflow, procedures, and regulations.
• This position is also responsible for HMDA data entry into Encompass.
• The incumbent will prepare loan documents for closing, ensuring packages are accurate and delivered timely to the closing agent.
• Review Loan Estimate, prepare Closing Disclosure (CD) and obtain fees from closing agent; approve CD and send wire/finds to closing agent or title company.
• Ensure all underwriting conditions permitted at closing have cleared.
• Ensure loan packages are in compliance prior to being released to closing agent or title company.
• Ensure Closing Protection Letter is received prior to releasing the package.
• Perform administrative duties such as faxing, photocopying, filing and phone support as necessary.

Minimum Qualifications

• A high school diploma or equivalent; some college preferred.
• Two (2) years of related experience required.
• Basic knowledge of bank operations and products.
• Basic knowledge of federal and state banking compliance regulations, and other Bank operational policies.
• Knowledge of federal and state regulations regarding lending and related consumer disclosure requirements.
• Excellent knowledge of agency guidelines.
• Understanding of underwriting closing conditions and experience in clearing applicable conditions.
• Effective oral, written and interpersonal communication skills with the ability to carry out instructions, understand procedures and write correspondence.
• Proficient in Microsoft Outlook, Word and Excel.
• Excellent customer service and time management skills.
• Ability to multitask, as shown in previous experience completing tasks under time constraints.
• Good organizational skills and ability to develop basic understanding of underwriting guidelines.
• Good data entry/keyboarding and math skills.

Physical Requirements And Environmental Conditions

• Sustained standing and sitting.
• Frequent use of PC, including typing or sustained attention to monitor.
• Frequent typing using a keyboard and/or calculator.
• Occasional lifting of basic office files or equipment up to 20 lbs.
• Normal office environment with comfortable internal temperatures and low level noise.