Mortgage Loan Closer

2 months ago

Carmel, United States Merchants Bancorp Full time

Job Type

Full-time

Description

As the Mortgage Loan Closer, you are responsible for ensuring the timely and accurate closing of mortgage loan transactions. Responsibilities of the Mortgage Loan Closer include but are not limited to creating an initial, final Closing Disclosure (CD) within compliant time frames and reflecting accurate fees for both borrower and seller, reviewing required closing documents and underwriting approvals to determine accuracy of those documents, reviewing data within the LOS system used to ascertain the accuracy of that data with same documents, creating closing package and communicate with Settlement Agent on closing and any conditions of that closing. This position will be in-office at our Carmel, IN Headquarters.

In one year as a Mortgage Loan Closer, you will know you were successful if you...

  • Anticipate closing dates for all loans via the Estimated Closing Date in the LOS system, monitoring the progress of loans and the rate lock expiration. Communicate any issues with underwriting and processing.
  • Prepare accurate and quality initial CDs (or HUD-1) within compliant time frames and send to borrower and settlement agents.
  • Review documents including, but not limited to, purchase agreement, title commitment, homeowner's insurance, underwriting approval notice, closing protection letter, invoices in the file.
  • Coordinate with settlement agent on final figures for the final CD, ensuring that the transaction balances, that all charges have been included and tolerances for each section of the CD have been met.
  • Prepare closing packages, choosing the correct loan program and needed documents to go to the closing table for execution.
  • Send closing package to settlement agent within a reasonable time frame and within regulatory standards. Communicate with settlement agent to avoid last minute questions.
  • Communicate with internal partners (underwriting, processing, sales, post-closing, etc...) Order funds for the disbursement of the loan timely, assuring that funds are available at the closing table.
  • Act as "last reviewer" for loan; checking for accuracy and salability.
  • Stay knowledgeable about industry updates-compliance and agency (FNMA, FHLMC, FHA, VA, USDA, HELOCs and Merchants' Portfolio loans) changes and guidelines.
  • Proficiency with Encompass and eClosings is greatly preferred.
Requirements

What we are looking for...
  • Minimum of five years mortgage banking experience in loan closings. Should be familiar with common mortgage documents.
  • Strong math skills and reconciliation skills.
  • Attention to detail is required for this position.
  • Strong organizational skills required with the ability to prioritize work in order to meet deadlines.
  • Must be customer service oriented and able to communicate clearly and concisely.
  • Proficient knowledge of MS Word, Excel, and Outlook. Proficiency in Encompass is preferred.

Ranked as the top-performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana, operating multiple lines of business, including multifamily housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, and Merchants Mortgage, a division of Merchants Bank of Indiana.

PM20 #BK

  • Loan Officer Associate

    2 months ago

    Carmel, United States Lennar Mortgage Full time

    It's fun to work in a company where people truly BELIEVE in what they are doing! We're committed to bringing passion and customer focus to the business. Lennar Mortgage is centered around personal growth, innovation, and diversity. We are looking for a new team member who shares our passion and dedication to bringing homeownership to life.   At Lennar...

  • Loan Officer Associate

    2 months ago

    Carmel, United States Lennar Mortgage Full time

    It's fun to work in a company where people truly BELIEVE in what they are doing! We're committed to bringing passion and customer focus to the business. Lennar Mortgage is centered around personal growth, innovation, and diversity. We are looking for a new team member who shares our passion and dedication to bringing homeownership to life. At Lennar...

  • Loan Officer Associate

    2 weeks ago

    Carmel, United States Lennar Mortgage Full time

    Its fun to work in a company where people truly BELIEVE in what they are doing! Were committed to bringing passion and customer focus to the business. Lennar Mortgage is centered around personal growth, innovation, and diversity. We are looking for a new team member who shares our passion and dedication to bringing homeownership to life.   At Lennar...

  • Mortgage Loan Processor

    2 months ago

    Carmel, United States Merchants Bancorp Full time

    Job Type Full-time Description As the Mortgage Loan Processor, you are responsible for ensuring the timely and accurate processing of mortgage loan transactions. Responsibilities include gathering customer data, assisting the loan officer with customer interaction and gathering of loan documentation, and processing and verifying loan documentation is in...

  • Loan Officer

    4 weeks ago

    Carmel, United States Lennar Mortgage Full time

    It's fun to work in a company where people truly BELIEVE in what they are doing!We're committed to bringing passion and customer focus to the business.OverviewJob DescriptionLennar Mortgage is centered around personal growth, innovation, and diversity. We are looking for a new team member who shares our passion and dedication to bringing homeownership to...

  • Mortgage Operations Manager

    5 days ago

    Carmel, Indiana, United States Merchants Bank of Indiana Full time

    The Mortgage Operations Manager oversees the daily functions of Mortgage Disclosures, Processing, and Closing within the Retail and Bank Credit Union sectors. This role involves managing single-family operations for various processes including Retail, BCU Wholesale, and BCU Mini Correspondent.A successful Mortgage Operations Manager will lead all aspects of...

  • Mortgage Loan Originator

    1 month ago

    Carmel, United States Merchants Bancorp Full time

    Description Our Mortgage Loan Originators (MLO) are here to help grow and develop new residential mortgage businesses by assisting customers to meet their home lending goals through our products and programs, along with analyzing the creditworthiness of applicants and negotiating terms, and collateral requirements. You will also work on developing and...

  • Mortgage Loan Originator

    3 months ago

    Carmel, United States Merchants Bancorp Full time

    Job Type Full-time Description Our Mortgage Loan Originators (MLO) are here to help grow and develop new residential mortgage businesses by assisting customers to meet their home lending goals through our products and programs, along with analyzing the creditworthiness of applicants and negotiating terms, and collateral requirements. You will also work on...

  • Loan Officer Associate

    3 weeks ago

    Carmel, United States Lennar Homes Full time

    It's fun to work in a company where people truly BELIEVE in what they are doing!We're committed to bringing passion and customer focus to the business.Lennar Mortgage is centered around personal growth, innovation, and diversity. We are looking for a new team member who shares our passion and dedication to bringing homeownership to life.   At Lennar...

  • SBA Closer

    4 days ago

    Carmel, United States Merchants Bancorp Full time

    Job Type Full-time Description The SBA Closer supports the daily functions of the Bank's SBA Loan Operations Department, serving to support all SBA lending functions of the bank. The SBA Loan Operations Department has the major functions of ensuring that the documents created for SBA loan closings are correct and that all loan documents are exception free...

  • Mortgage Servicing Specialist

    3 months ago

    Carmel, United States Merchants Bancorp Full time

    Job Type Full-timeDescriptionOur Mortgage Servicing Specialist will pull and analyze closing loan documents, checking insurance coverage for properties, prep-to-file booking, and accurate processing of mortgage servicing transactions. While receiving hands-on training by members of the Merchants Mortgage team, you will be able to work in a laid-back...

  • Mortgage Operations Specialist

    5 days ago

    Carmel, Indiana, United States Merchants Bancorp Full time

    Job Title: Mortgage Servicing SpecialistCompany Overview: Merchants Bancorp stands as a leading public banking institution in the U.S., recognized for its diverse banking operations from its headquarters in Carmel, Indiana. The bank engages in various sectors, including multifamily housing financing, healthcare facility servicing, mortgage warehouse...

  • Mortgage Operations Specialist

    5 days ago

    Carmel, Indiana, United States Merchants Bancorp Full time

    Job Title: Mortgage Servicing SpecialistCompany Overview: Merchants Bancorp is recognized as a leading public banking institution in the U.S., as rated by S&P Global Market Intelligence. Headquartered in Carmel, Indiana, we operate across various sectors, including multifamily housing financing, healthcare facility financing, mortgage warehouse financing,...

  • Mortgage Servicing Specialist

    3 months ago

    Carmel, United States Merchants Bancorp Full time

    Job Type Full-time Description Our Mortgage Servicing Specialist will pull and analyze closing loan documents, checking insurance coverage for properties, prep-to-file booking, and accurate processing of mortgage servicing transactions. While receiving hands-on training by members of the Merchants Mortgage team, you will be able to work in a laid-back...

  • Mortgage Processing Specialist

    5 days ago

    Carmel, Indiana, United States Merchants Bancorp Full time

    Position OverviewAs a Mortgage Processing Specialist, you will play a crucial role in the efficient and precise handling of mortgage loan applications. Your primary duties will involve collecting customer information, collaborating with loan officers to facilitate client interactions, and ensuring that all loan documentation adheres to company standards and...

  • Loan Originator

    1 day ago

    Carmel, Indiana, United States Lennar Homes Full time

    Job Summary:Lennar Homes is seeking a highly skilled and experienced Loan Originator to join our team. As a Loan Originator, you will be responsible for originating and processing mortgage loans for our customers. This is a critical role that requires strong communication and interpersonal skills, as well as the ability to work independently and as part of a...

  • Loan Officer

    3 weeks ago

    Carmel, United States Lennar Homes Full time

    It's fun to work in a company where people truly BELIEVE in what they are doing!We're committed to bringing passion and customer focus to the business.OverviewJob DescriptionLennar Mortgage is centered around personal growth, innovation, and diversity. We are looking for a new team member who shares our passion and dedication to bringing homeownership to...

  • Loan Officer

    4 days ago

    Carmel, United States Lennar Homes Full time

    We are Lennar MortgageLennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and Associates by building quality homes and providing exceptional customer service, giving back to the communities in which we work and live in, and fostering a culture of...

  • Loan Officer

    3 weeks ago

    Carmel, United States Lennar Homes Full time

    We are Lennar MortgageLennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and Associates by building quality homes and providing exceptional customer service, giving back to the communities in which we work and live in, and fostering a culture of...

  • Loan Officer

    3 weeks ago

    Carmel, United States Lennar Homes Full time

    We are Lennar MortgageLennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and Associates by building quality homes and providing exceptional customer service, giving back to the communities in which we work and live in, and fostering a culture of...