Loan Specialist II - Mortgage Closer

Raymond James • Saint Petersburg, FL

8h • Hybrid

About The Position

Under general supervision, uses knowledge and skills obtained through training and experience to process commercial and/or retail loans and prepare closing documents. Follows established procedures to perform a variety of tasks requiring some evaluation, originality or ingenuity in making decisions. Recommends solutions to moderately complex problems and refers more complex issues to a higher level. Regular contact with internal and external customers is required to obtain, clarify, or provide facts and information and/or identify, research, and resolve problems.

Requirements

• Knowledge of 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.
• Working knowledge of 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.
• Skill in 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 to 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.

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.
• Performs initial credit analysis submission via automated underwriting, as requested.
• Schedules, coordinates loan closings, and clears for disbursement of loan proceeds.
• Prepares compliance and accounting records and reports, as required by management and regulatory agencies.
• Performs routine loan calculations.
• Assists 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.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees