BOK Financial Senior Mortgage Loan Closer

BOK Financial Overland Park , KS 66204

Posted 1 month ago

: 55006

Areas of Interest: Mortgage, Home Direct

BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies. .

The BOK Financial Senior Mortgage Loan Closer The Senior Mortgage Loan Closer is primarily responsible for closing mortgage loans and distributes mortgage loan proceeds; obtains signatures on all closing documents and verifies their accuracy and completion; distributes loan proceeds in accordance with mortgage documentation, and confirms final documents are attached to Mortgage Loan Origination system for audit. Loan closer should have excellent job knowledge of working and closing loans nationwide. Loan closer must be able to demonstrate strong job knowledge, effective management of workflow, attention to detail, minimal errors, and fund 40+ loans per month.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

  • Prepares Note, Mortgage and Truth in Lending disclosures. Calculates aggregate escrow and prepares appropriate disclosures and any other documents necessary for closing; ensures all underwriting conditions are met. Reviews and approves Closing Disclosure settlement statement and coordinates with title company on any necessary revisions. Insure closing instructions; response to questions and resolves any problems

  • Prepares funding sheets from computer for the accounting department. Preparation of funding sheets involves gathering data from Loan Origination System to validate funding amount, the most current Loan Disclosure form from the processing loan origination system. All data must be entered into appropriate G/L accounts to prevent closing errors.

  • Reviews title commitments, survey and termite inspections. Resolves any problems that might arise at closing or prior to closing. Assists with post-closing communication on closing and title company errors and maintain a less than 5% Quality Control error rate.

  • Completes Rush loans when necessary to meet Contract Closing dates. Meet Service Level Agreement set by management.

  • Ensures accuracy of closing screens in computer before funding loan. Confirm down payment amount has been secured. Reviews Closing documents required prior to funding for accuracy.

  • Delivers loan to Post-Closing department after loan is funded within 24 hours.

  • Immediately returns responses to Post-Closing with requests on correction of necessary to ship loans to investor

  • Reviews closing instructions; responsible to collect charges such as appraisal/inspection fees, credit report charges, discounts, etc. Meet schedules for closing with title companies and attorneys; provides title company with any needed follow up. Determines if RESPA/GFE tolerance violations occurred and if so, processes RESPA cure.

  • Meet closing requirement of 45 loans closed if applicable. In addition to responsibilities include closing all High Net worth loans and Bond loans.

KNOWLEDGE, SKILLS and ABILITIES:

  • In-Depth knowledge of underwriting criteria, BOMC closing procedures and industry standards relative to perfection of mortgage interests

  • Thorough knowledge of mortgage lending guidelines and regulations (FHA, VA, Conventional, FHLMC, FNMA, Section 184, Rural Development, High Net worth, BOND and private investor)

  • Thorough knowledge of title/ownership documentation records

  • Good interpersonal skills, and oral and written communication skills

  • Good PC and software application skills in a Windows environment; Good 10-key skills and Excel

  • Ability to type 50 wpm

  • Good organization skills and detail oriented

This level of knowledge is normally acquired through an Associate's degree and a minimum of 4-6 years of mortgage loan processing/closing experience which should include 2-4 years prior operational support and/or loan documentation review experience in a mortgage lending institution or a real estate or title agency.

BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!

Apply today and take the first step towards your next career opportunity!

BOK Financial is an equal opportunity employer. We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.

Attention All Third Party Agencies, Headhunters, and Recruiters

BOK Financial and its Subsidiaries will not accept candidate submission by unsolicited third parties through this site or any company email address. All unsolicited candidates presented to BOK Financial and its Subsidiaries will be considered the property of BOK Financial. BOK Financial and its Subsidiaries will not be responsible for any fees associated with unsolicited candidates, nor will a contractual relationship be formed by the submission. BOK Financial and its Subsidiaries are not obligated and will not under any circumstances pay any fees to said third parties submitting candidates in this manner. BOK Financial and its Subsidiaries only forms contracts with recruiters with whom we have an established business relationship and with whom we have in place a signed agreement. All contact with BOK Financial and its Subsidiaries from third parties must be through our Human Resources Department. Any contact made outside of the BOK Financial Human Resources Department by a third party will cancel any future business relationships between the third party and BOK Financial.

Please contact recruiting_coordinators@bokf.com with any questions.

TOP 3 REASONS TO APPLY

Investing in our talent and building a great workplace is a top priority for us.

  • Empowered employees

  • Award-winning culture

  • Community commitment

ABOUT BOK FINANCIAL

BOK Financial is an award-winning regional banking powerhouse and one of the top 25 banks in the U.S, based in Tulsa, Oklahoma.

We seek to continually foster and support the principles and values of our company by promoting an environment that is inclusive of the diverse values, opinions, experience, culture and needs of our employees, clients and communities.

FACTS:

  • 5,100 employees
  • 28 Years of financial profitability
  • $42+ billion in assets
  • $5.8 million in charitable contributions in 2019 and $86 million since the start of the BOKF Foundation in 1998

Nearest Major Market: Olathe

Nearest Secondary Market: Kansas City

Job Segment: Loan, Financial, Mortgage, Bank, Banking, Finance

Apply now "


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VIEW JOBS 3/21/2020 12:00:00 AM 2020-06-19T00:00 : 55006 Areas of Interest: Mortgage, Home Direct BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies. . The BOK Financial Senior Mortgage Loan Closer The Senior Mortgage Loan Closer is primarily responsible for closing mortgage loans and distributes mortgage loan proceeds; obtains signatures on all closing documents and verifies their accuracy and completion; distributes loan proceeds in accordance with mortgage documentation, and confirms final documents are attached to Mortgage Loan Origination system for audit. Loan closer should have excellent job knowledge of working and closing loans nationwide. Loan closer must be able to demonstrate strong job knowledge, effective management of workflow, attention to detail, minimal errors, and fund 40+ loans per month. PRINCIPLE DUTIES AND RESPONSIBILITIES: * Prepares Note, Mortgage and Truth in Lending disclosures. Calculates aggregate escrow and prepares appropriate disclosures and any other documents necessary for closing; ensures all underwriting conditions are met. Reviews and approves Closing Disclosure settlement statement and coordinates with title company on any necessary revisions. Insure closing instructions; response to questions and resolves any problems * Prepares funding sheets from computer for the accounting department. Preparation of funding sheets involves gathering data from Loan Origination System to validate funding amount, the most current Loan Disclosure form from the processing loan origination system. All data must be entered into appropriate G/L accounts to prevent closing errors. * Reviews title commitments, survey and termite inspections. Resolves any problems that might arise at closing or prior to closing. Assists with post-closing communication on closing and title company errors and maintain a less than 5% Quality Control error rate. * Completes Rush loans when necessary to meet Contract Closing dates. Meet Service Level Agreement set by management. * Ensures accuracy of closing screens in computer before funding loan. Confirm down payment amount has been secured. Reviews Closing documents required prior to funding for accuracy. * Delivers loan to Post-Closing department after loan is funded within 24 hours. * Immediately returns responses to Post-Closing with requests on correction of necessary to ship loans to investor * Reviews closing instructions; responsible to collect charges such as appraisal/inspection fees, credit report charges, discounts, etc. Meet schedules for closing with title companies and attorneys; provides title company with any needed follow up. Determines if RESPA/GFE tolerance violations occurred and if so, processes RESPA cure. * Meet closing requirement of 45 loans closed if applicable. In addition to responsibilities include closing all High Net worth loans and Bond loans. KNOWLEDGE, SKILLS and ABILITIES: * In-Depth knowledge of underwriting criteria, BOMC closing procedures and industry standards relative to perfection of mortgage interests * Thorough knowledge of mortgage lending guidelines and regulations (FHA, VA, Conventional, FHLMC, FNMA, Section 184, Rural Development, High Net worth, BOND and private investor) * Thorough knowledge of title/ownership documentation records * Good interpersonal skills, and oral and written communication skills * Good PC and software application skills in a Windows environment; Good 10-key skills and Excel * Ability to type 50 wpm * Good organization skills and detail oriented This level of knowledge is normally acquired through an Associate's degree and a minimum of 4-6 years of mortgage loan processing/closing experience which should include 2-4 years prior operational support and/or loan documentation review experience in a mortgage lending institution or a real estate or title agency. BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career! Apply today and take the first step towards your next career opportunity! BOK Financial is an equal opportunity employer. We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status. Attention All Third Party Agencies, Headhunters, and Recruiters BOK Financial and its Subsidiaries will not accept candidate submission by unsolicited third parties through this site or any company email address. All unsolicited candidates presented to BOK Financial and its Subsidiaries will be considered the property of BOK Financial. BOK Financial and its Subsidiaries will not be responsible for any fees associated with unsolicited candidates, nor will a contractual relationship be formed by the submission. BOK Financial and its Subsidiaries are not obligated and will not under any circumstances pay any fees to said third parties submitting candidates in this manner. BOK Financial and its Subsidiaries only forms contracts with recruiters with whom we have an established business relationship and with whom we have in place a signed agreement. All contact with BOK Financial and its Subsidiaries from third parties must be through our Human Resources Department. Any contact made outside of the BOK Financial Human Resources Department by a third party will cancel any future business relationships between the third party and BOK Financial. Please contact recruiting_coordinators@bokf.com with any questions. TOP 3 REASONS TO APPLY Investing in our talent and building a great workplace is a top priority for us. * Empowered employees * Award-winning culture * Community commitment ABOUT BOK FINANCIAL BOK Financial is an award-winning regional banking powerhouse and one of the top 25 banks in the U.S, based in Tulsa, Oklahoma. We seek to continually foster and support the principles and values of our company by promoting an environment that is inclusive of the diverse values, opinions, experience, culture and needs of our employees, clients and communities. FACTS: * 5,100 employees * 28 Years of financial profitability * $42+ billion in assets * $5.8 million in charitable contributions in 2019 and $86 million since the start of the BOKF Foundation in 1998 Nearest Major Market: Olathe Nearest Secondary Market: Kansas City Job Segment: Loan, Mortgage, Bank, Banking, Inspector, Finance, Quality Apply now " BOK Financial Overland Park KS

BOK Financial Senior Mortgage Loan Closer

BOK Financial