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First Merchants Corporation · 1 month ago

Mortgage Loan Closer

Daleville, Indiana, United States

Full-time

Onsite

Mid Level

3+ years exp

First Merchants Corporation is seeking a Mortgage Loan Closer to join their team. This role is responsible for ensuring the accuracy of the Closing Disclosure and serving as the final quality control check prior to closing, validating compliance and preparing the necessary documentation for mortgage transactions.

Financial Services

Responsibilities

Validate conditions are cleared prior to closing

Validate in compliance with the Truth in Lending (TIL) tolerances, Home Ownership Equity Protection Act (HOEPA) calculations, and the Higher-Priced Mortgage Loan (HPML) calculations

Prepare and balance all tickets to fund the transaction

Validate the loan Annual Percentage Rate (APR) is in compliance and accurately calculated

Obtain, analyze and validate all fees to be included on the CD

Calculate points and fees test for compliance with Qualified Mortgage (QM) regulatory requirements

Produce and validate a deliverable closing package

Review and analyze title work

Work with applicable parties to clear closing deficiencies