Apply on Employer Site

Eastern Bank · 2 weeks ago

Mortgage Closing Processor II

Boston, MA

Full-time

Hybrid

Senior Level

$22.74/hr - $30.46/hr

5+ years exp

Eastern Bank is committed to supporting its employees and fostering individual growth. The Mortgage Closing Processor II will have a strong emphasis on closing processes and ensure compliance with guidelines while maintaining communication with various departments.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Expert understanding of FHLMC, FNMA, FHA, USDA and VA, NHHFA Housing, MASS Housing, RI Housing, Construction Loans / State Housing Programs, DPA expert, CRA expert

Monitor volume and reassign files as needed

Respond to Branch inquiries and accommodate rushes as needed

Work with Post-Closing, Accounting and QC errors to recognize trends and provide feedback and additional training as needed

Assist other departments questions as needed and bring them to VP for discussion

Private Investor Shipping Including Freddie Mac/Fannie Mae; Perform all duties relating to post closing review and Shipping but not limited to:

Complete loan order using proper investor checklists and summary sheets

Ensure all loans are scanned correctly- if needed

Track all loan shipping

Submit Loans to Government for insurance

Ensure compliance with frequently changing investor and agency guidelines

Follow up on Outstanding Closing Disclosures

Create and revise workflows within department as needed

Stay current with Investor guidelines and procedures and effectively communicate out to closing team as changes occur

Maintain up-to-date procedures for all functions performed within department

Prepare Closing Packages as needed per volume

Ensure compliance with all TRID and other Federal and State related timeframes and requirements

Maintain thorough understanding of required Closing Documents and Closing Packages for completeness and accuracy

Complete research and make sound decisions for exceptions to HOME’s Closing Instructions

Must be flexible with schedule during peak volume/season

Qualification

Mortgage experienceClosing experienceFHLMCFNMAFHAUSDADPA expertCRA expertCustomer relationsCalm under pressureConfidentiality

Required

High School diploma or equivalent combination of education, training and experience

5 - 7 years Mortgage experience

2 - 3 years Closing, Post-Closing experience

Expert understanding of FHLMC, FNMA, FHA, USDA and VA, NHHFA Housing, MASS Housing, RI Housing, Construction Loans / State Housing Programs, DPA expert, CRA expert

Communicates effectively with others and exhibits excellent Internal / External customer relations skills

Ability to remain calm under pressure and meet tight deadlines

Ensure all policies are administered within ethical and legal standards to minimize litigation exposure

Maintain confidentiality of employee and company information

Understands all aspects of job responsibilities

Expert understanding with FHLMC, FNMA, FHA, USDA and VA, NHHFA Housing, MASS Housing, RI Housing, Construction Loans / State Housing Programs, DPA expert, CRA expert, a very strong experience of all government loans

Benefits

Medical

Dental

Vision

Life and disability insurance

Retirement

Vacation

Tuition reimbursement

Company

Eastern Bank

Eastern Bank is the largest independent, mutually owned bank in New England and the largest community bank in Massachusetts.

Founded in 1818

Boston, Massachusetts, USA

1001-5000 employees

https://www.easternbank.com

H1B Sponsorship

Eastern Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (2)

2021 (1)

2020 (1)