Sr. Mortgage Loan Closer - Team Lead

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

This position will be responsible for but not limited to the following: Assist team of Closers/Funders by overseeing the preparation of closing documents and the funding of loans to include outgoing wire review and signoff; Closing Disclosure (CD) preparation/finalization in meeting TRID timelines; Work directly with closers/Funders providing daily support; Review Closer pipeline for assignment of loans and substantiate loans are closing within expected timeframes; Ensure closing team is adhering to CIBC Bank Policy & Procedures and that loans are closed/funded in compliance with all State regulations.; Effectively communicate changes to Bank/Departmental policies and/or procedures; Participation internal audits; review and response; Participate in weekly/monthly management meetings as deemed necessary.

• Required: 10+ years in Mortgage Industry required. Experience closing and funding loans within Encompass Loan Origination System required. Proficient knowledge of TRID, RESPA, TILA, Reg B, Reg W, Reg O and other industry regulations. Proficient knowledge of investor requirements and guidelines when working with secondary market sell and delivery of closed loans. Previous experience acting in a lead role within residential loan closing department. Notary certified preferred. College degree preferred but not required.

What you'll be doing

Essential Duties/Responsibilities

• Review, assignment and maintenance of loans and daily management of Closer Pipeline(s).

• Act as closing and funding resource for the team and the branch (100%); Lead back up to Loan Closer Role and all related functions. (as required and instructed by management).

• Engage in verbal and written communication with all Third Parties to loan transactions including but not limited to; Title Co, Closing Escrow Agents, Attorneys.

• Pre-due diligence Review of outgoing wires to Title Company under discretion of CIBC Bank signing authority at Officer Level and Internal Wire Guidelines (will update and obtain approval as required).

• Quality Assurance/Quality Control of all incoming loans to ensure closing documentation accuracy and salability to investor(s) (All programs). Conduct periodic QC Audits to ensure compliance with all company quality standards.

• Monthly meetings held with Team to discuss observations made within current previous, obstacles within current processes, resolution to existing issues while obtaining necessary feedback from Team. Report to management on a monthly basis or as required.

• Assist with training of staff on incoming/new Loan Products, DPAs, Investors, Bank programs.

• Report productivity and departmental errors on monthly basis to direct Manager; guide team members as required.

• Work with direct Manager on setting monthly goals; coach closing team regularly regarding job performance and provide feedback to direct manager via Workday feedback for annual performance reviews.

• Actively participate in developing process improvements and efficiencies as an ongoing best practice.

• Assist Post Funding department with outstanding document or exceptions requests originating from the Closing Team.

• Assist with recruiting, interviewing and future potential hires

• Closers/Funders.

• Support direct Manager as required; other projects as assigned by Management.

What CIBC offers

At CIBC, our people are our greatest asset. You'll become part of a diverse community that acknowledges everyone's unique talents, and empowers teams to do what's right for the client and to do it well. As part of our team, you will:

• Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.

• Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.

• Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.

• Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.

California residents - your privacy rights regarding your actual or prospective employment

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation during the application or interview process, please contact Mailbox.careers-carrieres@cibc.com

You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

• Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

Job Location

IL-7103 W 111th St

Employment Type

Regular

Weekly Hours

40

Skills

Business Operations, Communication, Customer Satisfaction, Ensure Compliance, Escalation Management, Funding, Give Feedback, Internal Controls, Loan, Loan Origination Systems, Mortgage Industry, Mortgages, Operations Management, Organizing, People Management, Policy Procedures, Prioritization, Quality Assurance (QA), Quality Control (QC), Quality Standards, Real Estate Lending, State Regulations, Written Communication