Mortgage Loan Closer
First Merchants Corporation•Indianapolis, IN
About The Position
First Merchants is seeking a Mortgage Loan Closer to join our team! This person will be responsible for the production and complete accuracy of the Closing Disclosure (CD), as well as serve as the final quality control check point prior to an executed closing to ensure accurate and deliverable loan package is properly executed.
Requirements
- High School Diploma or Equivalent.
- A minimum of three (3) years of experience closing mortgage loans or related experience.
- Experience with government and/or conventional loan processing.
Responsibilities
- Validate conditions are cleared prior to closing.
- Validate in compliance with the Truth in Lending (TIL) tolerances, Home Ownership Equity Protection Act (HOEPA) calculations, and the Higher-Priced Mortgage Loan (HPML) calculations.
- Prepare and balance all tickets to fund the transaction.
- Validate the loan Annual Percentage Rate (APR) is in compliance and accurately calculated.
- Obtain, analyze and validate all fees to be included on the CD.
- Calculate points and fees test for compliance with Qualified Mortgage (QM) regulatory requirements.
- Produce and validate a deliverable closing package.
- Review and analyze title work.
- Work with applicable parties to clear closing deficiencies.
Benefits
- Base Pay PLUS Bonuses
- Medical, Dental and Vision Insurance
- 401k
- Health Savings and Flexible Spending Accounts
- Vacation/Sick Time
- Paid Holidays
- Paid Parental Leave
- Tuition Reimbursement
- Additional Benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
