Mortgage Loan Closer/Processor
About The Position
Greater Iowa is seeking a Mortgage Loan Closer/Processor to perform closing and processing duties for prime, sub-prime, and secondary-market residential mortgage loans. The role reviews loan approval conditions, insurance policies, title commitments, surveys, sales contracts, and other documentation to ensure loans close in accordance with legal requirements and investor guidelines. Responsibilities include authorizing loan closings, recording mortgages, and disbursing loan funds. The position closes a range of mortgage loan types while providing excellent service to internal and external members. The position is located at 1509 Baltimore Drive, Ames, IA 50010. Hours are Monday through Friday, 8 a.m. to 5 p.m. Work is performed in a standard office environment with a quiet to moderate noise level.
Requirements
- Three to five years of similar or related experience.
- Meet one of the following education or training paths: a two-year college degree; completion of a specialized course of study at a business or trade school; or completion of a specialized and extensive in-house training or apprenticeship program.
- Strong written, verbal, and oral communication skills.
- High level of service orientation.
- Ability to present information with diplomacy and tact.
- Interpersonal and relationship-building skills.
- Working knowledge of Microsoft Office software applications.
- Attention to detail and ability to multitask.
- Ability to operate standard office equipment.
Responsibilities
- Prepare closing documents and review loans to confirm all conditions have been met before closing.
- Prepare and send final loan packages to the secondary market.
- Ensure post-closing documents are correct and received or sent in a timely manner.
- Review closing details for compliance with state and federal regulations and confirm all loan terms are met.
- Work with borrowers and title companies to resolve outstanding closing conditions needed to fund loans.
- Process applications and verify their accuracy for prime, sub-prime, secondary-market, and open- and closed-end mortgage loans.
- Review disclosures for fixed- and variable-rate loans and submit loan files for underwriting approval.
- Request and evaluate property abstracts, surveys, appraisals, and flood certifications.
- Obtain title work from attorneys and proof of insurance.
- Participate in efforts to continually improve member service through proactive communication.
- Cross-train and support service operations.
- Perform other duties as assigned.
Benefits
- Paid Time Off
- Paid Holidays
- Group Medical, Dental, and Vision Plans
- Flexible Spending Accounts
- Lifestyle Spending Account
- Life insurance and Accidental Death & Dismemberment (AD&D) coverage, paid in full by Greater Iowa
- Supplemental/Voluntary Life
- Critical Illness coverage
- Short-term and long-term disability coverage
- Education Assistance Reimbursement
- Student Loan Interest Reimbursement
- 401(k) with 6% company match
- VTO
- Logo Wear
- Service awards
- Professional Development Opportunities
- Employee Assistance Program (EAP)
- Fees waived on one checking and savings account
- Complimentary checks and safe deposit box (3x5)
- Employee loan/credit card rewards
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What This Job Offers
Job Type
Full-time
Education Level
Associate degree
