Mortgage Loan Closer 1

First Federal Bank Of The Midwest Defiance , OH 43512

Posted 3 weeks ago

Position Title: Mortgage Loan Closer I

Department: Loan Operations

Position Reports to: Loan Closing Supervisor or Fulfillment Manager

Position Supervises: No Direct Reports

Position Summary:

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:

  • High school graduate or equivalent.
  • 6-24 months prior experience in loan processing and/or closing is preferred.

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.

Work Environment:

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.

Physical Requirements:

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.

Position Details:

Job Code: LOMTCL1

Classification: Hourly

Salary Grade:

Incentive: 5%

Position type(s): Full Time

Travel: 5%

Work schedule: Mon-Fri 8-5

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Mortgage Loan Closer 1

Premier Financial Corporation

Posted 3 weeks ago

VIEW JOBS 9/25/2020 12:00:00 AM 2020-12-24T00:00 Position Title: Mortgage Loan Closer I Department: Loan Operations Position Reports to: Loan Closing Supervisor or Fulfillment Manager Position Supervises: No Direct Reports Position Summary: 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: * High school graduate or equivalent. * 6-24 months prior experience in loan processing and/or closing is preferred. 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. Work Environment: 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. Physical Requirements: 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. Position Details: Job Code: LOMTCL1 Classification: Hourly Salary Grade: Incentive: 5% Position type(s): Full Time Travel: 5% Work schedule: Mon-Fri 8-5 Premier Financial Corporation Defiance OH

Mortgage Loan Closer 1

First Federal Bank Of The Midwest