Residential Mortgage Closing Specialist

5 days ago


Little Rock, Arkansas, United States Bank OZK Full time
Job Summary

Bank OZK is seeking a highly skilled Residential Mortgage Closing Specialist to join our team. As a key member of our mortgage operations team, you will be responsible for ensuring the smooth and accurate closing of mortgage loans.

Key Responsibilities
  • Prepare and review closing documents, including loan agreements, promissory notes, and closing disclosures.
  • Ensure all documents comply with federal, state, and lender-specific regulations.
  • Coordinate with title companies, escrow agents, attorneys, and other parties involved in the closing process.
  • Verify that all conditions and stipulations of the loan approval have been met.
  • Confirm the accuracy of loan details, including interest rates, loan amounts, and borrower information.
  • Provide clear instructions and answer any questions related to the closing.
  • Arrange for the disbursement of loan funds.
  • Ensure all funding conditions are satisfied before releasing funds.
  • Ensure that documents are signed, notarized, and witnessed as necessary.
  • Complete the final loan package for delivery to the investor or lender.
  • Ensure the package includes all required documents and is in compliance with investor guidelines.
  • Conduct a thorough review of the closed loan file for accuracy and completeness.
  • Identify and correct any discrepancies or missing documents.
  • Provide any necessary information or documentation to facilitate loan servicing.
  • Perform post-closing functions to facilitate loan sale such as MERS registration, confirmation of government insurance registration, and send notification of servicing transfer upon sale of loan.
Requirements
  • High school diploma or equivalent, bachelors degree, preferred.
  • Minimum of 2 years of experience closing, shipping, and secondary residential market, required.
What We Offer

Bank OZK is an equal opportunity employer and offers a competitive salary and benefits package to the successful candidate.



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