Senior Mortgage Loan Closer
4 days ago
Mortgage Loan Closing Expertise
At Central Bancompany, we are seeking a highly skilled Mortgage Loan Closer to join our team. As a Mortgage Loan Closer, you will be responsible for preparing and obtaining all necessary loan documentation to secure company position.
Key Responsibilities:
- Prepare investor and program specific closing documents for all mortgage products offered, including residential and second lien mortgage loans.
- Review and compile financial information and figures to transmit to the title company for creation of the Closing Disclosure (CD).
- Send appropriate closing documentation to the Title Company and document files according to established procedures.
- Respond in a timely and professional manner to inquiries from applicants, title companies, realtors, and other interested parties pertaining to title loan closing or documentation.
- Ensure Corporate Credit Policy, HOEPA, and all Federal and State Lending Regulations are upheld.
- Coordinate with title companies the closing of residential mortgage loan files received from processing.
- Verify that all Underwriting conditions have been met and compare the investor lock, including program and rate, with the Underwriting approval.
- Review various policies associated with the loan to ensure loan has adequate coverage and lenders interest is properly protected.
- Review title commitment to insure that all liens have pay off statements or subordination agreements as applicable and that all necessary exceptions are removed.
- Accurately enter all closing and loan information into document preparation system Encompass.
- Ensure legal/regulatory procedures are followed and compliance practices meet all Federal and State standards.
- Successfully document mortgage loan file within Encompass system as required.
- Transmit closing figures to Title Company for preparation of Closing Disclosure (CD).
- Calculate and balance loan file for final determination of funding amount.
- Review Closing Disclosure (CD) for accuracy and completeness of settlement fees, loan amount, and other fees.
- Contact the Title Company with any necessary changes to the Closing Disclosure (CD).
- Correspond with branch loan originators or processors to have them review the final Closing Disclosure (CD).
- Provide complete and necessary documents to accounting department and internal mortgage contact for the tracking of loan fees, loan amounts, and commissions.
- Review the funding package for accuracy and completeness.
- Follow policies and procedures as it relates to the tracking and audit of Official checks used to fund mortgage loans.
Requirements:
- College degree or equivalent work experience plus 3-5 years mortgage loan closing or related experience required.
- Expert knowledge and experience in all first and second mortgage credit products and in retail closing.
- Expert knowledge and experience in mortgage loan compliance.
- Proficient in Encompass, Excel, Word, and other systems as required.
- Attention to detail and accuracy.
- Must have excellent written communication and strong verbal skills.
- Project a professional image and collaborates with others to accomplish goals and demanding deadlines.
- Must have the ability to prioritize, be highly organized, and have solid problem-solving and decision-making skills.
Work Environment:
This position can work remotely from anywhere in Missouri or from any of our bank locations throughout the Holding Company in Missouri.
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