Loan Closer

F.N.B. Corporation•Pittsburgh, PA

About The Position

The Loan Closer monitors Closing Disclosure (CD) dates, generates disclosures, and ensures they are executed in a timely manner to support scheduled settlements. The role prepares closing documents, calculates and coordinates net mortgage-loan funding, and manages closing coordination. It provides high-quality service to internal and external customers, manages the settlement agent portal, and validates disclosure histories using Smart LE. The position prepares bank-generated legal and settlement documents for residential mortgage loans and reviews attorney-prepared documents for errors, omissions, and inconsistencies. It supports compliance with applicable mortgage regulations, including HOEPA, HPML, TILA, and TRID requirements, and coordinates with settlement agents to resolve defects before funds are released. The Loan Closer also reviews homeowners insurance, performs initial escrow analysis, and initiates loan funding through general ledger tickets, ITI entries, or wire transfers. The role is accountable for managing and monitoring business risks and complying with regulatory requirements and company procedures. FNB does not provide employment-based visa sponsorship; applicants must be legally authorized to work in the United States.

Requirements

High school diploma or GED.
At least 3 years of experience.
Experience in mortgage loan closing or equivalent functional work.
Excellent written and verbal communication skills.
Excellent organizational, analytical, and interpersonal skills.
Detail-oriented.
Ability to use general office equipment.
Ability to use a personal computer and job-related software.
Intermediate-level Microsoft Word skills.
Intermediate-level Microsoft Excel skills.
Basic-level Microsoft PowerPoint skills.
Legally authorized to work in the United States; employment-based visa sponsorship is not provided.

Responsibilities

Prepare bank-generated legal documents for residential mortgage closings, including notes, mortgages, riders, final RESPA documents, escrow analysis forms, and amortization schedules.
Prepare Closing Disclosures promptly to help customers settle transactions on time.
Perform required HOEPA and HPML/TILA tests, analyze results, determine steps needed for compliance, and comply with TRID rules for settlement costs and curing deficiencies.
Manage changes and documentation required under TRID rules.
Review attorney-prepared legal documents for errors, omissions, and inconsistencies; correct defects or instruct settlement agents how to correct them.
Coordinate settlements through the closing portal and obtain fees and information needed to prepare Closing Disclosures and closing documents.
Verify that settlement agents properly prepared deeds, subordination agreements, and other attorney-prepared documents, and request corrections before the Bank releases funds.
Review homeowners insurance policies for adequate coverage and the required mortgagee clause.
Perform initial escrow analysis using tax and insurance information.
Prepare net loan funding for settlement agents through general ledger tickets, block entries on ITI, or wire transfers.
Monitor consent for electronic delivery, disclosure timing, waiting periods, redisclosures, and closing rescheduling to meet TRID requirements.
Provide high-quality customer service to internal and external customers.
Manage the settlement agent portal and validate disclosure histories using Smart LE.
Perform other related duties and projects as assigned.
Serve as a risk manager by understanding, reporting, responding to, managing, and monitoring encountered risks, and comply with regulatory requirements and company procedures.