Mortgage Loan Closer / Post Closer - Myrtle Beach (ONSITE)

South Atlantic BanK•Myrtle Beach, SC

66d•Onsite

About The Position

Orders, prepares and audits Closing documents to ensure timely closings for originations. Prepares UCD for Fannie/Freddie from final Closing Disclosure for clean approval.

Requirements

High School graduate or equivalent
Paralegal experience or like legal education or experience
One year of related experience and/or training; or equivalent combination of education and experience
Must be detail-oriented, responsible and accurate
Basic computer skills to include Excel, Outlook, Word etc.
Must have excellent verbal and written communication skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages.

Responsibilities

Responsible for timely audit of the preliminary title with the Settlement Agent
Responsible for the preparation and accuracy of residential mortgage loan closing documentation to include comparison with Loan Estimate and Closing Disclosure
Reviews and ensures documentation is compliant with federal, state, program and/or industry regulations and guidelines/overlays
Ensures prompt delivery of all closing documentation and conditions to Investor and Settlement Agent in order to meet closing, funding and delivery dates
Reviews, approves executed closing package and prepares funding requests, prepares mortgage wire form and keys into Jack Henry
Completes Closing Disclosures for Modifications, Secondary Marketing, Bridge, Lot loans, Construction Permanent loans via Encompass or like software
Updates LOS system (Encompass) with appropriate milestone dates to include document preparation, funding, shipped, purchased and received final documents for data integrity
When applicable to the loan/investor, register MINS using the MERS system and ensure timely transfer as required by MERS and the appropriate secondary market investor
Receives and completes review of all closed loans when returned by Settlement Agent for both investor and portfolio loans to confirm all required documents are recorded, accurate, executed appropriately and returned within 48 hours of consummation.
Responsible to reconcile and deposit all checks from Settlement Agents to appropriate General Ledger accounts
Stacks and submits investor and portfolio loans for submission to SAB Operations and/or specific investor to their required standards for boarding
Communicates effectively with all interested parties concerning closing-related questions and internal/external procedures, required closing documents and final recorded documents and final title policies.
Responsible to review Insurance policies (builders risk, hazard, wind & hail and/or flood) for each closing and ensure compliance with investor and Bank procedures
Book, balance and audit all Purchase advices. Documentation to include Purchase Advice, Investor wire, Closing Disclosure, Loan Estimate, Copy of Fees check from Settlement Agent, Fee Worksheet and Final Rate lock from Investor. Key and balance all figures in Jack Henry within 24 hours of wire and purchase advice
Responsible for compliance within assigned areas of responsibility
Monitoring weekly tracking reports
Monitoring rate lock expirations/extensions
Daily oversight of fulfillment process to ensure loan files are being processed and advanced to meet closing dates and delivery commitments to the respective investor.
Upload of closed loan files from Encompass Investor Connect to investor.
Oversight support also includes the potential assistance to processing and loan officers in clearing conditions with underwriting as needed.
This is a customer service position requiring professional and courteous contact with those associated with the loan process.