Mortgage Loan Processor/Closing Coordinator

3 weeks ago


Franklin, Massachusetts, United States Dean Co-Operative Bank Full time
Job Summary

At Dean Co-Operative Bank, we are seeking a highly skilled Mortgage Loan Processor/Closing Coordinator to join our team. This role is responsible for ensuring the loan is disclosed and closed following all applicable mortgage-lending regulations. The ideal candidate will be able to juggle numerous tasks, be detail-oriented, and work well independently and under pressure.

Key Responsibilities
  • Prepare and disclose application package per industry timeline to clients.
  • Process loans from origination to close in compliance with established regulations and guidelines.
  • Communicate with applicants and loan officers to gather additional information and resolve any issues.
  • Manage a pipeline of loans, with a focus on meeting critical date deadlines.
  • Review loan applications and ensure all required documents are complete and accurate.
  • Analyze all credit reports, income, asset and other needed documentation per program guidelines.
  • Maintain knowledge of and follow all Internal, Federal and State mortgage loan compliance regulations and policies.
  • Act as the main point of contact for borrower during loan process, including meeting with the borrower to execute the loan documents and close the loan.
  • Reviews commitment letters, monitors fees, closing costs, conditions and disclosures.
  • Initiates requests for missing or incomplete information.
  • Resolves title problems with borrower and law offices and cures deficiencies.
  • Schedules and coordinates closings.
  • Performs computer file maintenance.
  • Performs second mortgage closings.
  • Monitors closing and funding pipeline on a daily basis to ensure workflow is completed in a timely manner.
  • Audits closing packages to ensure accuracy, completeness and compliance with all regulatory and secondary market guidelines.
  • Cross-sells and makes referrals for other financial institution products and services.
Requirements
  • High School diploma or equivalent; Associates Degree preferred.
  • Minimum two (2) years previous loan administration experience required.
  • Must have experience with Loan Estimate & Closing Disclosure under TILA - RESPA Integrated Disclosure rule implementation and regulation.
  • Three years' TRID experience in closing/funding since 2015.
  • Must be able to multi-task and work well in a fast-paced environment.
  • Ability to respond effectively to the most sensitive inquiries or complaints.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Ability to interpret an extensive variety of technical instructions and deal with several variables.
  • Excellent customer service and organizational skills.
  • Intermediate word processing and spreadsheet experience.
  • Ability to read and interpret documents such as memos, contracts, loan documents, disclosures, training manuals, help screens and policy and procedure manuals.
  • Ability to work onsite.
  • Thorough knowledge of loan disclosures, loan closing documents, post-closing and loan file review functions, specifically loan documentation requirements.
  • Must be able to work in a team environment with the ability to interact well, and in a positive manner, with co-workers and management.


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