Mortgage Closer

Sauk Valley Bank•Sterling, IL

8d•Onsite

About The Position

The Mortgage Closer is responsible for the accurate preparation, coordination, and funding of residential mortgage loans. This role serves as the final operational checkpoint between underwriting approval and loan funding, ensuring that all loan documents, disclosures, and closing figures align with approved underwriting terms, regulatory requirements, and bank policies. Working closely with Processors, Underwriters, title companies, and settlement agents, the Mortgage Closer ensures loans are closed on time, funded accurately, and deliver a high-quality borrower and partner experience. This position plays a key role in execution accuracy, compliance, and risk mitigation at the closing stage.

Requirements

Minimum three (3) years of residential mortgage lending, mortgage operations, consumer lending, or related banking experience required.
Minimum one (1) year of direct mortgage closing experience required.
Working knowledge of residential mortgage documentation, closing procedures, funding processes, and regulatory requirements.
Experience with HMDA, TRID, RESPA, SilverLake, and ABT systems.
Experience with first mortgage, second mortgage, HELOC, and construction lending products.
Must be bondable.
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Knowledge of and be proficient in the use of a personal computer, Microsoft Office products, 10-key, calculator, and telephone.
Strong knowledge of general office practices.
Working knowledge of banking products and services, policies, state, and federal regulations.
Ability to analyze statistical and financial data.
Effective organizational and time management skills.
Ability to work with general supervision while performing duties.
Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
The incumbent must be able to perform this position safely, without endangering the health or safety to him/herself or others.

Responsibilities

Review loan files upon receipt from Processing and Underwriting to confirm all prior-to-close conditions have been satisfied or documented.
Prepare and deliver Closing Disclosures in compliance with TRID timing and accuracy requirements.
Validate closing figures to ensure alignment with underwriting approval, loan estimates, title commitments, and settlement agent fees.
Prepare complete and accurate closing packages using bank-approved document preparation systems and vendors for first- and second-lien loans.
Identify and resolve discrepancies in fees, loan terms, or conditions prior to closing, escalating issues when necessary.
Coordinate with title companies, settlement agents, attorneys, and internal staff regarding scheduled closings and document delivery.
Serve as the primary operational contact for closing-related questions and issue resolution.
Ensure all required closing documents are properly executed, dated, and returned in accordance with closing instructions.
Prepare and submit wire and funding requests in accordance with internal controls and bank policy.
Ensure loan proceeds are disbursed accurately and timely for purchase, refinance, and home equity transactions.
Confirm all funding prerequisites have been satisfied prior to release of funds.
Upload loan data and documents into SilverLake through ABT interfaces.
Complete HMDA worksheets and system data entry.
Perform loan boarding, booking, and post-closing system maintenance.
Ensure adherence to applicable federal and state regulations, including TRID and RESPA, during the closing process.
Identify and resolve tolerance issues prior to closing in accordance with regulatory guidelines.
Uphold bank policies, procedures, and internal controls throughout the closing and funding process.
Maintain accurate and complete documentation to support audit and compliance review.
The position of Mortgage Closer performs duties specific to the position and other functions as assigned.