Mortgage Post Closer

Primis Bank • Wilmington, NC

2d • Hybrid

About The Position

Position Summary: The Post Closer will be to help closed loans get to purchase status expeditiously in a timely and professional manner while protecting our institution's credibility. In this role, the Post Closer will demonstrate an in-depth knowledge of relevant rules and regulations. Essential Functions Execute the loan funding process to closing agents to assure that approved fundings are expedited and completed properly. Collect and deliver all necessary documentation for the loan package. Ensure all government products and obtain guaranty certificates (FHA, VA, USDA). Register closed loans and sold loans with Mortgage Electronic Registration Systems (MERS) . Send servicing transfer letters to borrowers when loan is sold. Regular, reliable, and predictable attendance. Marginal Functions Obtain trailing documentation required to complete sold loan files. Process purchase advice forms received. Payoff warehouse line. Deliver and request original notes to/from warehouse lender and investor. Ensure compliance with the established regulations and law requirements. Clear any investor conditions of sale. Liaison between operations personnel to clear conditions where necessary. Liaison between our growing financial institution and our investors. Follow-up with clients to verify important information. Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices. All other duties as assigned.

Requirements

• High school diploma or equivalent required
• Minimum of 5 years’ experience as a Loan Processor, Post Closer or similar role
• In-depth knowledge of closing procedures, loan processes, and documentation.
• High level of understanding of current regulatory requirements affecting mortgage loans
• Professional and effective verbal and written communications
• High degree of detail orientation
• Strong organizational skills
• Ability to work independently with minimal supervision
• Proficient with MS Office

Nice To Haves

• Bachelor’s degree in finance or relevant field preferred

Responsibilities

• Execute the loan funding process to closing agents to assure that approved fundings are expedited and completed properly.
• Collect and deliver all necessary documentation for the loan package.
• Ensure all government products and obtain guaranty certificates (FHA, VA, USDA).
• Register closed loans and sold loans with Mortgage Electronic Registration Systems (MERS) .
• Send servicing transfer letters to borrowers when loan is sold.
• Regular, reliable, and predictable attendance.
• Obtain trailing documentation required to complete sold loan files.
• Process purchase advice forms received.
• Payoff warehouse line.
• Deliver and request original notes to/from warehouse lender and investor.
• Ensure compliance with the established regulations and law requirements.
• Clear any investor conditions of sale.
• Liaison between operations personnel to clear conditions where necessary.
• Liaison between our growing financial institution and our investors.
• Follow-up with clients to verify important information.
• Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
• All other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 251-500 employees