Mortgage Closer

Primis Bank•Wilmington, NC

4h•Hybrid

About The Position

The Mortgage Closer is responsible for coordinating all phases of loan closing and funding. The Mortgage Closer's is also responsible for preparing loan closing packages, communicating with all parties involved in the transaction, and ensuring that all paperwork is complete, accurate, and in compliance with legal regulations.

Requirements

High School diploma or equivalent required
Required to possess all applicable licenses
A minimum of 3 years’ experience as a Loan closer/funder or similar role
Professional and effective verbal and written communications
In-depth knowledge of closing procedures, loan processes, documentation and current regulatory requirements affecting mortgage loans
High degree of detail orientation
Strong organizational skills
Ability to maintain a high level of confidentiality
Ability to work independently with minimal supervision
Proficient with MS Office

Nice To Haves

Bachelor’s degree in finance or relevant field preferred

Responsibilities

Establish communication and follow-up to acquire title and closing related fees and details.
Review and update loan origination system data needed to populate closing disclosure for accuracy and completeness.
Complete key mortgage-related fields in our Encompass origination system.
Prepare initial Closing Disclosure and understand mortgage-related terms and types of programs. Conduct detailed review of all fees for accuracy.
Manage and resolve any concerns, problems, and documentation issues.
Advise all parties of any changes or issues that may occur to ensure high quality standards and customer service.
Complete all disbursement procedures for issuing of funds to attorneys/title company, any necessary refund checks, and release of escrow monies withheld.
Regular, reliable, and predictable attendance.
Comply with industry-related regulations, requirements, and state/federal laws as applicable to the job duties of this position.
Work with manager to cure failures.
Rework of CD when necessary.
Respond to and resolves technical and complex problems that arise.
Follow up on any deficiency requests by Shipping and Post-Closing to ensure timely procedure for loan funding.
Keep abreast of industry regulations and changes and recommend procedural changes to management.
Coordinate mortgage closing proceedings and maintain accurate closing schedules.
Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
All other duties as assigned.