Position Title: Mortgage Loan Closer I
Department: Loan Operations
Position Reports to: Loan Closing Supervisor or Fulfillment Manager
Position Supervises: No Direct Reports
The Loan Closer are responsible for verifying data entry information required to create closing documents. Also prepares Mortgage closing packages maintaining compliance with investor, state and federal compliance. Responsible and accountable for the boarding of new Mortgage loans on the Bank's Core system. This Banker is also responsible for monetary transactions that occur from the funding of new Mortgage loans. Demonstrate and implement our Trusted Advisor strategy to all internal and external customers
Duties and Responsibilities:
Provide excellent customer service to all internal and external customers of FFB
Back up other positions within the loan operational area that do not conflict with bank policies or security rights of the system
Upload loans daily along with escrow setup if necessary
Fund all mortgage loans daily
Question and communicate new products between systems
Review application input
Update client information as needed
Work with Loan Officer in obtaining additional documentation needed to prepare documents
Send closing instructions to title company
Prepare closing packages for mortgage loans such as Purchase, Refinance and Construction deals
Communicate closing conditions to the title companies as needed
Review file upon receipt from title company for exception items
Review Closing Disclosure from title company
Maintain exception items in LOS
Stack and scan loan files
Review HMDA data for accuracy
Complete other duties as assigned.
Education, Certification, License and Experience:
Skills and Knowledge:
Proficient on PC usage
Understanding of the bank's network
Proficient on the Bank's core system
Excellent communication skills
Understanding the Bank's policies and procedures
Proficient on product knowledge with strong emphasis on mortgage loans
Proficient on the Doc Prep systems and Tracking System
Knowledge of Escrow setup
Understanding of real estate title work as well as other loan documents included in closing packages.
Responsible for knowing and ensuring compliance with applicable laws, regulations and guidelines, as detailed in policies that include but are not limited to Bank Secrecy Act and other applicable anti-money-laundering rules, Right to Financial Privacy, Fair Lending, Community Reinvestment Act, Gramm-Leach-Bliley Act, and other laws and regulations as they pertain to the position.
This job operates in a professional office environment. Work is normally performed in a typical interior work environment which does not subject the employee to any hazardous or unpleasant elements.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to speak or hear, stand or sit for long periods of time, open filing cabinets, walk, stoop or bend, use hands to handle or feel and reach with hands and arms. The employee must frequently lift and/or move up to 10 pounds, occasionally lift and/or move up to 25 pounds and complete tasks requiring manual dexterity. Ability to drive a vehicle for travel is required for the position.
Premier Financial Corp is an Affirmative Action and Equal Opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or any other legally protected status.
The above statements are intended to describe the essential functions of the job and the qualifications of the person assigned to it. They are not intended as an exhaustive list of all job duties, responsibilities and requirements. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job description does not constitute a contract of employment. Employment is "at will" and may be terminated at any time.
Job Code: LOMTCL1
Position type(s): Full Time
Work schedule: Mon-Fri 8-5
First Federal Bank Of The Midwest