Mortgage Closer-Funder II

IBC•Austin, TX

11h•Onsite

About The Position

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience. Time Type: Full time This is an in-office position. Department: 1040 Mortgage Closing Job Summary: All closing packages must comply with Federal, State, Investor, Secondary, and IBC guidelines and regulations. Job Description: ESSENTIAL JOB FUNCTIONS The statements on this job description are intended to describe the general nature of the level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents. Reviews loan approval, rate lock, appraisal, title work, insurance, flood certificate, survey, and payoffs for validity Verifies county recording fees Reconciles source documents to data contained within LOS Prepares closing disclosures for management and borrower review Sends and track specific documents electronically to borrowers based on TRID timing rules Communicates with the borrower and or Closing Agent to set expectations for closing and confirm important details Coordinates closing date and time with all applicable parties Orders closing packages from doc prep attorneys specific to loan type Reviews documents for accuracy Balances Closing Disclosure (CD) with the title company and issue approval Delivers closing documents to title company via secure methods Ensures all closing and funding conditions are satisfied Reviews executed documents for completeness and accuracy Requests and prepare wires Issues funding authorization Maintains real time loan status within LOS Communicates details with borrowers, title companies, vendors, and internal staff throughout the process Assists with investor conditions and post-closing functions Ensures customer privacy, security of files, and appropriate staff access Assists Closing Manager in identifying process improvement needs and providing support to the training team to develop any necessary training required for such improvement (s). Mentors individual closers for questions and/or assistance they may require for loans, systems, or process-related items. Assists with escalations, priority requests, and staging needs. Trains new Closers Functions as a team lead Performs other related duties as assigned SKILLS Strong attention to detail and possess good math skills Work independently with minimal management oversight Must communicate effectively over the telephone Must be professional, courteous, and confident to make a good last impression on the borrower Knowledge of mortgage forms and documents Knowledge of mortgage terminologies like DTI, LTV, and PITI Knowledge of FNMA, FHA, USDA, DPA, and VA guidelines Knowledge of real estate lending practices including federal and state regulations Ability to work in a fast-paced environment Bilingual/Spanish is a plus Maintain notary stamp Understand investor guidelines Team player Strong Data entry skills Effective time management Excellent organizational skills EDUCATION High School graduate or equivalent required Applicant must have at least 3 years of experience in mortgage lending Knowledge of DU, LP, and Encompass or similar underwriting systems Notary commission by the states of Texas and Oklahoma IBC Bank was founded in 1966 to meet the needs of small businesses in Laredo, Texas. The bank's success is a result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects it's dedication to the growth and success of it's employees, customers and communities. Our commitment to "Do More" for the communities we serve permeates our company from top down. The success of IBC and it's 50 consecutive years of growth and profitability are due to strong leadership, customer centric business philosophy and our motto of "Doing More" in our communities. Wait there's more! We offer a comprehensive benefits package, based on eligibility, benefits include: Medical Plan Employer Paid Life Insurance Flexible Spending Program 401k Profit Sharing Program Supplemental Benefit Programs such as: Vision, Dental, Disability Tuition Assistance Program Sick Leave Vacation Paid Holidays

Requirements

Strong attention to detail and possess good math skills
Work independently with minimal management oversight
Must communicate effectively over the telephone
Must be professional, courteous, and confident to make a good last impression on the borrower
Knowledge of mortgage forms and documents
Knowledge of mortgage terminologies like DTI, LTV, and PITI
Knowledge of FNMA, FHA, USDA, DPA, and VA guidelines
Knowledge of real estate lending practices including federal and state regulations
Ability to work in a fast-paced environment
Maintain notary stamp
Understand investor guidelines
Team player
Strong Data entry skills
Effective time management
Excellent organizational skills
High School graduate or equivalent required
Applicant must have at least 3 years of experience in mortgage lending
Knowledge of DU, LP, and Encompass or similar underwriting systems
Notary commission by the states of Texas and Oklahoma

Nice To Haves

Bilingual/Spanish is a plus

Responsibilities

Reviews loan approval, rate lock, appraisal, title work, insurance, flood certificate, survey, and payoffs for validity
Verifies county recording fees
Reconciles source documents to data contained within LOS
Prepares closing disclosures for management and borrower review
Sends and track specific documents electronically to borrowers based on TRID timing rules
Communicates with the borrower and or Closing Agent to set expectations for closing and confirm important details
Coordinates closing date and time with all applicable parties
Orders closing packages from doc prep attorneys specific to loan type
Reviews documents for accuracy
Balances Closing Disclosure (CD) with the title company and issue approval
Delivers closing documents to title company via secure methods
Ensures all closing and funding conditions are satisfied
Reviews executed documents for completeness and accuracy
Requests and prepare wires
Issues funding authorization
Maintains real time loan status within LOS
Communicates details with borrowers, title companies, vendors, and internal staff throughout the process
Assists with investor conditions and post-closing functions
Ensures customer privacy, security of files, and appropriate staff access
Assists Closing Manager in identifying process improvement needs and providing support to the training team to develop any necessary training required for such improvement (s).
Mentors individual closers for questions and/or assistance they may require for loans, systems, or process-related items.
Assists with escalations, priority requests, and staging needs.
Trains new Closers
Functions as a team lead
Performs other related duties as assigned