Loan Closer

Ascend Bank•Wallingford, CT

15h

About The Position

The Mortgage and Consumer Loan Closer prepares, reviews, and finalizes closing documents for residential mortgage and consumer loans. The role ensures loan packages are accurate, compliant with investor and regulatory requirements, and ready for funding. Responsibilities include coordinating closing timelines, confirming loans are clear to close, facilitating funding, reviewing signed packages, clearing funding conditions, and delivering files to post-closing or the secondary market. The position requires compliance with mortgage regulations and Ascend Bank policies, acceptable background-check results, and continued compliance with regulatory screening and reporting requirements. The position requires a two-year college degree or completion of a specialized course of study at a business or trade school. Three or more years of mortgage closing experience is preferred, along with knowledge of mortgage lending guidelines, loan origination systems, compliance regulations, and documentation standards. The stated wage range is $21.60–$30.86. Benefits include medical, dental, and vision insurance, a 401(k) with employer match, paid time off, paid holidays, and other fringe benefits. Benefit entitlements are governed by plan documents and may be changed by the company.

Requirements

A two-year college degree or completion of a specialized course of study at a business or trade school.
Strong knowledge of mortgage lending guidelines, including conventional, FHA, VA, and USDA.
Familiarity with loan origination systems.
Understanding of compliance regulations and documentation standards.
In-depth knowledge of TRID, RESPA, TILA, and mortgage closing regulations.
Experience with loan origination systems.
Exceptional attention to detail and accuracy.
Strong problem-solving and time-management skills.
Excellent communication and coordination abilities.
Acceptable background-check investigation results and compliance with ongoing regulatory screening and reporting requirements.

Nice To Haves

Three or more years of mortgage closing experience.

Responsibilities

Prepare and review closing disclosures and closing packages for residential mortgage and consumer loan products.
Ensure loan terms, fees, and escrows are accurate and comply with program guidelines.
Coordinate closing timelines with settlement agents, loan officers, and borrowers.
Balance and finalize loan figures before closing.
Ensure compliance with TRID, RESPA, TILA, and agency-specific requirements.
Review conditions to confirm loans are clear to close.
Ensure proper documentation for insuring or guaranteeing government loans.
Authorize or coordinate loan funding after all conditions are satisfied.
Review signed closing packages for completeness and accuracy.
Clear funding conditions and deliver files to post-closing or the secondary market.
Provide guidance and support to team members.
Maintain compliance with mortgage regulatory requirements and Ascend Bank compliance policies, including applicable screening and reporting requirements.