Mortgage Loan Closer Specialist

2 weeks ago


Ogden, Utah, United States Bank of Utah Full time
Mortgage Loan Closer Job Summary

We are seeking a highly skilled Mortgage Loan Closer to join our team at Bank of Utah. As a Mortgage Loan Closer, you will be responsible for reviewing loan files and preparing closing packages for individual loan types in accordance with lender and investor guidelines.

Key Responsibilities:
  • Validate and prepare closing packages according to Lock Confirmation, Lock Agreement, and Loan Closing Requests.
  • Ensure that loan can be closed and disbursed before lock expires.
  • Review Loan Approval and make certain all underwriting conditions have been (or will be) met.
  • Ensure Closing Disclosure is prepared according to TRID guidelines, including timing requirements, cures, etc.
  • Meet or exceed aggressive turn time and volume requirements.
  • Seek out help to resolve technical and complex problems that arise in order to meet deadlines.
  • Understand title commitments and how to properly deal with any exceptions, easements, etc.
  • Ensure evidence of insurance meets investor guidelines for dwelling coverage amount, deductible, time of coverage, etc.
  • Review Flood Certification and verify compliance with flood regulations, if applicable.
  • Verify mortgage insurance coverage, if applicable.
  • FHA refinances, verify netting information.
  • On Abundance of Caution or Additional Collateral properties, ensure collateral will be properly secured and rescission rights properly disclosed and executed, if applicable.
  • Alternate between many files in process; must be able to start, stop, restart without losing focus or accuracy.
  • Keep production and title updated at certain milestones in the closing/funding process.
  • Follow up on the return closing package from title company in a timely manner.
  • Perform Funding job as needed.
  • Follow up on any investor suspense item requests in a timely manner.
  • Carry out other duties that may be assigned or requested.

The successful candidate will have a high school diploma or equivalent, 1+ years of mortgage experience or related experience, acute attention to detail, strong organizational skills, strong mathematical skills, familiarity with Microsoft Word and Excel programs, versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm, and the ability to perform in a fast-paced environment typical to mortgage lending.

We offer a competitive salary and benefits package. Actual compensation will be based on qualifications and experience.


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