Mortgage Loan Closing Specialist

FNB Bank•Mayfield, KY

6d•Onsite

About The Position

The Mortgage Loan Closing Specialist is responsible for preparing all consumer real estate mortgage loan closing documents for both portfolio and secondary market as well as preparing the package for sell and shipping. They must ensure the documents are accurate to have a fully compliant mortgage loan package.

Requirements

Minimum associate degree or 3 years’ experience in mortgage lending desired.
Ability to work independently with minimal supervision.
Solid background and knowledge of Bank lending products, policies, procedures and regulations.
Proficiency in mortgage-related software and knowledge of mortgage lending regulations, guidelines, and industry standards (e.g. RESPA, TILA, TRID, ECOA, HMDA)
Minimum of 2-3 years of experience in mortgage lending closing, selling, shipping desired.
Data entry, computer and typing skills.
Ability to multitask and manage priorities in a fast-paced, deadline-driven environment.

Nice To Haves

Strong attention to detail with exceptional organizational abilities.

Responsibilities

Prepare and review closing documents, including the Closing Disclosure, Note and Mortgages.
Review loan documentation for completeness, accuracy, and compliance with regulations, guidelines and company policies.
Coordinate with borrowers, lenders, and third parties to schedule closing dates and finalize loan packages.
Work with Settlement Agents to balance funding prior to closing.
Resolve any issues or discrepancies that may arise during the closing process.
Review closed mortgage loans and prepare loan packages for sale to secondary market investors.
Ensure all conditions are met for loan sale, including the transfer of insurance, servicing rights, etc.
Complete Adverse Action task to include: typing the AA Letter, creating the AA document package, and updating the compliance log.
Assist with auditing and maintaining loan files to ensure accuracy and completeness.
Participate in ongoing training and development to stay updated on industry changes and best practices.