Mortgage Loan Closer
About The Position
The Mortgage Loan Closer processes, administers, and closes residential mortgage loans, including first mortgages and HELOCs. The role verifies loan documentation, maintains loan records and files, orders appraisals and title work, prepares wire requests for closing packages, enters loan data into the computer system, and works with builders on construction draws. The position provides administrative support to residential loan officers and staff, responds to telephone and written inquiries about loan processing, and ensures files are complete and accurate. It also reviews completed closing packages, scans them, and transfers data to the appropriate departments. The Mortgage Loan Closer must follow bank guidelines, policies, procedures, regulatory requirements, and BSA requirements. Other duties may be assigned.
Requirements
- Good communication and computer skills.
- Accuracy, flexibility, and the ability to handle high-stress situations.
- Regular and predictable attendance.
- Ability to exercise discretion and good judgment and follow instructions.
- Excellent communication, leadership, analytical, and interpersonal skills.
- Ability to maintain confidentiality.
Nice To Haves
- Associate or bachelor’s degree preferred.
- 1–3 years of mortgage experience preferred.
- Knowledge of Finastra MortgageBot/Avista desired.
Responsibilities
- Process, administer, and close residential first mortgage and HELOC loans.
- Assemble and verify the accuracy of residential loan documentation, ensuring proper signatures, dates, and other relevant information.
- Order title work and appraisals.
- Prepare wire requests for closing packages.
- Review documents for correct vesting, legal descriptions, closing dates, and signatures.
- Enter and update loan data in the financial institution’s computer systems and maintain loan records and files.
- Provide administrative assistance to residential loan officers and staff, including assembling loan documentation.
- Respond to telephone and written inquiries concerning loan processing and information.
- Communicate with builders to verify construction loan completion and complete builder loan draws.
- Review completed loan closing packages, scan them, and transfer data to appropriate departments.
- Comply with bank guidelines, policies, procedures, regulatory requirements, and BSA requirements.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
