Mortgage Closing Disclosure Specialist

Mercantile Bank•Grand Rapids, MI

2d•Hybrid

About The Position

Join Mercantile Bank as a Mortgage Closing Disclosure Specialist and immerse yourself in a dynamic, fast-paced environment where your passion for mortgages can flourish. Enjoy the excitement of managing critical deadlines while collaborating with a fun, energetic team dedicated to excellence and customer-centric solutions. This role offers flexibility to work a hybrid schedule, once trained, allowing you to have time in the office and at home. This opportunity, located in Grand Rapids or Alma, MI markets, empowers you to grow within the banking industry while contributing to our core values of integrity and innovation. Core Responsibilities: Use your amazing detail-oriented skills to verify mortgage loans are set up appropriately and comply with all policies and regulations. Initiate appropriate disclosures while maintaining deadlines. Your enthusiastic attitude and personality will contribute to the success of the team and to the satisfaction of our customers. Why Mercantile Bank? Mercantile Bank was founded by entrepreneurs who believed building strong relationships and communities is accomplished through collaboration and innovation. It's more than being a financial institution, it's being a trusted ally and community partner. As Michigan's largest community bank, our roots are deeply embedded in the diverse communities we serve. Our commitment to our customers and community is at the core of all we do. As an employee of Mercantile Bank, you will receive competitive compensation, bonus opportunities, and best-in-class benefit options. With a minimum of 3 weeks' vacation, sick time, 11 paid holidays, generous 401k match of 5%, company paid life insurance, tuition reimbursement, IVF and adoption assistance, zero-interest loans for fitness equipment and business attire, discounted bank services, employee stock purchase plan, 529 savings plans, health savings accounts, flexible spending accounts, legal protection, exceptional training and development opportunities, and encouragement to connect with community through volunteer opportunities. A Look into Your Day As a Mortgage Closing Disclosure Specialist at Mercantile Bank, you will play a pivotal role in the residential mortgage process, engaging in a variety of essential tasks such as preparing initial and re-disclosed Loan Estimates and preliminary Closing Disclosures. In addition to managing the incoming loan pipeline and the re-disclosure queue in alignment with TRID regulations, you will also handle critical closing responsibilities-such as preparing and reviewing final closing packages, coordinating with title companies, verifying payoff statements, and ensuring accurate disbursement of funds. Your attention to detail ensures compliance with federal and state regulations alongside internal policies, safeguarding the integrity of our operations. By collaborating with Mortgage Loan Officers, Processors, Closers, and Underwriters, you will uphold our high service standards while providing timely disclosures and facilitating smooth, compliant closings for clients. Your customer-centric approach and commitment to compliance will shine as you build relationships with title companies and settlement agents. This role leverages your skills in a fast-paced environment, making a meaningful impact within Mercantile Bank's vibrant culture and innovative atmosphere. What We're Looking For To excel as a Mortgage Closing Disclosure Specialist at Mercantile Bank, candidates should possess a minimum of one year of banking and/or mortgage experience, with a strong preference for those familiar with mortgage regulations, TRID guidelines, and title policies. Successful candidates will demonstrate exceptional time management skills, allowing them to meet critical deadlines in a fast-paced environment. Strong analytical and problem-solving abilities are essential for navigating complexities in loan processing. Verbal and written communication skills must be top-notch, facilitating effective collaboration with various stakeholders, including Mortgage Loan Officers and title companies. Additionally, a keen sense of organization and attention to detail is crucial in preparing accurate disclosures and ensuring compliance with regulatory requirements. If you thrive in an environment where there is always something to do and are passionate about delivering excellent customer service, this position offers the perfect opportunity to leverage your skills in a rewarding career.

Requirements

A high school diploma or GED
1 – 3 years of mortgage closing experience
Knowledge of mortgage operations and practices, regulations and lending guidelines
Exceptional time management skills
Strong analytical and problem-solving abilities
Verbal and written communication skills
Keen sense of organization and attention to detail

Nice To Haves

Familiar with mortgage regulations, TRID guidelines, and title policies

Responsibilities

Verify mortgage loans are set up appropriately and comply with all policies and regulations.
Initiate appropriate disclosures while maintaining deadlines.
Prepare initial and re-disclosed Loan Estimates and preliminary Closing Disclosures.
Manage the incoming loan pipeline and the re-disclosure queue in alignment with TRID regulations.
Prepare and review final closing packages.
Coordinate with title companies.
Verify payoff statements.
Ensure accurate disbursement of funds.
Collaborate with Mortgage Loan Officers, Processors, Closers, and Underwriters.
Build relationships with title companies and settlement agents.