Mortgage Closer

First State Bank of St. Charles•Chesterfield, MO

8d•Onsite

About The Position

First State Bank is seeking a Mortgage Closer to work onsite at our Chesterfield office. This is a full-time position requiring 40 hours per week. The role involves performing all duties necessary for the accurate and complete closing and funding of various mortgage loan types, including conventional, government, home equity, MHDC, USDA, and portfolio loans. The Mortgage Closer will manage the closing process from file review to post-closing support, ensuring all documentation is accurate, complete, and compliant with bank policies and regulatory requirements.

Requirements

High school diploma or general education degree (GED) required.
One to two years related experience and/or training required.

Responsibilities

Perform accurate and complete closing and funding of mortgage loans, including conventional, government, home equity, MHDC, USDA, and portfolio loan types.
Receive files from Mortgage Loan Specialist, review for necessary documents, and verify data integrity in the loan origination system.
Maintain open communication with Loan Officers and title companies.
Prepare and send loan figures to the Title Company.
Send the final Closing Disclosure (CD) to Loan Officers for approval after it is returned and entered into the system.
Prepare mortgage closing documents for borrower execution.
Ensure all loans are closed in a timely manner with true and accurate documentation.
Obtain required documentation from the Underwriting department to satisfy closing conditions.
Exchange funding documents with the Title Company after closing and completion of necessary signed documents.
Balance the file in preparation for disbursement of checks and/or wires.
Prepare the loan file for recording.
Ensure all documents needed for the investor are in the closing file and turned over to the Post-Closing department.
Assist the Post-Closing department in obtaining any additional documents needed by the investor after closing.
Complete all required compliance training and comply with the Bank Secrecy Act and Anti-Money Laundering Act, as well as all applicable regulations.