Mortgage Processor/Closer

North Shore Bank • Brookfield, WI

9d • Onsite

About The Position

The Mortgage Processor/Closer completes all necessary activities to process, prepare legal documents, and facilitate closings for conventional residential mortgage loans in compliance with secondary market guidelines. The Mortgage Processor/Closer is responsible for an average of approximately 25 loan files during a regular 40-hour work week.

Requirements

• A high school diploma or its equivalent is required.
• Prior mortgage processing and documentation experience is required.
• Requires effective knowledge of mortgage documents and their contents.
• Requires effective knowledge of FHLMC, FNMA, WHEDA, FHA, and Fed VA.
• Demonstrated ability in meeting deadlines and strict documentation requirements.
• Ability to work in a fast-paced environment.

Nice To Haves

• Loan closing experience is desired.
• Prior knowledge of Mortgagebot and Fiserv is helpful for this role.

Responsibilities

• Opens loan files received from Loan Officers which includes ordering appraisals, credit reports, employment verification, surveys, and title commitments.
• Monitors and completes a number and variety of documents to ensure complete, accurate, and compliant loan files.
• Regularly communicates with loan originators, real estate agents, and borrowers throughout the underwriting process to keep them abreast of the loans’ status at all times.
• Provides quality service to customers, realtors, correspondents, loan officers, and all other Bank personnel.
• Tracks loans in process to ensure file status and deadlines are strictly adhered to.
• Reviews all closing documents prior to closing to ensure that they are accurate, complete, and in compliance with federal regulations and that they meet any requirements per FHLMA, FNMA, WHEDA, FHA, VA, private insurance, etc.
• Assists closing agents and attorneys during a loan closing, in a courteous and professional manner; explaining documents, answering questions, and resolving any concerns as necessary.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED