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Central Bank · 3 days ago

Senior Mortgage Loan Closer

Jefferson City, MO

Full-time

Hybrid

Senior Level

5+ years exp

Central Bank is seeking a Senior Mortgage Loan Closer who will prepare and manage the closing documentation for mortgage products. The role involves ensuring compliance with regulations, coordinating with settlement agents, and providing training to new staff while maintaining high quality standards in the closing process.

FinanceFinancial Services

Responsibilities

Prepares investor and program specific closing documents for all mortgage products offered including residential and second lien mortgage loans

Will prepare and obtain all necessary loan documentation to secure company position

Reviews and compiles financial information and figures to transmit to the settlement agent and/or attorney for creation of the Closing Disclosure (CD)

Sends appropriate closing documentation to the settlement agent and/or attorney and documents files according to established procedures

Must have the ability to prioritize, be highly organized and have solid problem solving and decision-making skills

Ensures Corporate Credit Policy, HOEPA and all Federal and State Lending Regulations are upheld

Coordinates with settlement agent and/or attorney the closing of residential mortgage loan files received from processing

Ensures that the loan has been underwritten and verifies that all Underwriting conditions have been met

Compares the investor lock including program and rate with the Underwriting approval

Reviews various policies associated with the loan to ensure loan has adequate coverage and lenders interest is properly protected

Review title commitment to ensure that all liens have pay off statements or subordination agreements as applicable

Review title commitment to ensure that all necessary exceptions are removed

Review all related documents in loan file to determine the accuracy of the property addresses being used as collateral

Provide revised CDs and/or refunds if errors occur on final CDs

Ensures closing team meets the specified quality standards with specific focus on eliminating errors, detecting/eliminating fraud, and executing closings timely

Provide training to new staff

Accurately enter all closing and loan information into document preparation system Encompass

Ensures legal/regulatory procedures are followed and compliance practices meet all Federal and State standards

Successfully documents mortgage loan file within Encompass system as required

Transmits closing figures to settlement agent and/or attorney for preparation of Closing Disclosure (CD)

Calculates and balances 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 settlement agent and/or attorney with any necessary changes to the Closing Disclosure (CD)

Corresponds with branch loan originators or processors to have them review the final Closing Disclosure (CD)

Respond in a timely and professional manner to inquiries from applicants, settlement agent and/or attorney, realtors and other interested parties pertaining to the loan closing or documentation

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

Identifies problems and develops procedures to resolve or correct the situation; monitors and measures the results

Provides excellent customer service and solves customer related problems quickly

Authority to wire funds for the funding of mortgage loans up to assigned limits

Qualification

Mortgage loan closingMortgage loan complianceEncompassExcelAttention to detailCustomer serviceWritten communicationVerbal communicationProblem solving

Required

College degree or equivalent work experience with a minimum of 5 years mortgage loan closing or a mix of loan closing and relevant mortgage experience

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

Projects 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