Real Estate Loan Closer

Marquette Bank • Orland Park, IL

16h • $50,000 - $65,000

About The Position

The Real Estate Loan Closer is responsible for assembling, preparing, and verifying closing documents to complete real estate transactions. This role ensures compliance with regulatory requirements and supports Retail Lending – RE Underwriting under the direction of the Operations Manager.

Requirements

• High School Diploma or equivalent required.
• Understanding of legal, compliance, and investor requirements for residential mortgage products.
• Strong written and verbal communication skills with attention to detail.
• Ability to work effectively under time constraints.
• Experience in closing FHA, VA, Conventional, and IHDA loans.
• Proficiency with Encompass software.
• Minimum of five years of real estate loan processing and closing experience.
• Working knowledge of ICE Mortgage Encompass, Outlook, and IHDA online documentation systems.
• Familiarity with investor closing requirements.

Responsibilities

• Demonstrate working knowledge of Encompass.
• Maintain thorough understanding of TRID regulations.
• Review loan files for compliance and regulatory matters.
• Prepare and disclose Initial Closing Disclosure (CD).
• Conduct final review of closing conditions.
• Prepare various loan types including conventional, FHA, VA, IHDA, and Home Equity Lines & Loans using the loan origination system.
• Review tax and hazard information to ensure adequate escrow collection at closing.
• Verify accuracy of investor and vendor fees to be collected at closing.
• Prepare and submit lender figures and closing instructions to the title company.
• Print and review loan documents for accuracy and distribute to title company or loan officer for closing.
• Calculate funds required for closing and assist borrowers with final preparations and concerns.
• Review and correct Closing Disclosure with the title company until approved by all parties.
• Prepare wire transfer requests for loan proceeds.
• Maintain daily contact with borrowers, attorneys, title companies, insurance agents, and loan officers.
• Collaborate with the Funding Department to resolve any deficiencies or post-closing issues.
• Provide excellent customer service.
• Actively comply with all applicable laws and regulations to include the Bank Secrecy Act, the Community Reinvestment Act, and all other deposit, lending, or non-deposit service regulations; adhering to the Bank’s internal policies, procedures, and risk management responsibilities contained in the Employee Handbook, the Employee Code of Conduct, internal controls applicable to this positions, as well as other applicable policies.
• Perform job-related responsibilities that support departmental and organizational goals, consistent with the scope and purpose of the position.

Benefits

• Marquette Bank’s total rewards package, for eligible employees, will vary based on the pay type of the position and may include variable pay such as performance-based incentives, commissions, target bonus and discretionary bonus.
• Marquette Bank also offers health insurance, term life and disability insurance, generous time off and two retirement plans: 401(k) Salary Savings Plan and Employee Stock Ownership Plan (ESOP), as well as other perks including a FREE FunRewards checking account.
• Available rewards may vary by location, job level, employment status, and years of service.

What This Job Offers

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