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Lake Ridge Bank · 6 days ago

Mortgage Closer

Verona, WI

Full-time

Onsite

Entry Level

1+ years exp

Lake Ridge Bank is seeking a dedicated professional to join their Mortgage Operations team as a Mortgage Closer. The role is primarily responsible for supporting mortgage lenders through efficient preparation of closing packages and booking of client loan files.

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Responsibilities

Performs a review of the loan file upon receipt from the mortgage production specialist for compliance with regulatory and file documentation requirements. Notifies and works with the mortgage lender and production specialist on any deficiencies

Initiates and maintains contact with mortgage lenders, clients, title companies and other third parties throughout the closing period, assisting them with any questions and notifying them of any additional information required

Responsible for the issue of compliant disclosures within required timeframes to borrowers during the closing period. Including but not limited to the initial and final closing disclosures

Follows up on any outside services such as title insurance, flood determination, etc. to ensure liens, judgments and insurance requirements are addressed prior to or at closing as appropriate

Proactively orders and obtains payoffs and insurance premium billings/binders to meet closing timeframes

Works closely with title companies in exchanging information necessary to complete accurate final closing disclosures

Completes verbal verification of employment within the required timeframe

Assembles a completely documented electronic and paper file for closing within established timeframes. Submits the loan through all investor systems used to audit file data accuracy for loans to be sold on the secondary market. For example, Loan Quality Advisor (LQA) and Loan Closing Advisor for Freddie Mac loans. Reviews the results of each system and makes any needed corrections to ensure accurate data for loan delivery

Prepares and coordinates all necessary documentation for loan closing. Responsible for ensuring all loan conditions are satisfied and the loan meets all applicable investor and regulatory requirements

Performs a post-closing review of closing documentation ensuring all applicable documents are present, signed and dated properly by all parties

Completes loan booking including accurately uploading the loan to the host loan processing system, making all appropriate disbursements including wires, executing proper filing of necessary security documents, and completing the loan data sheet as necessary

Review closed loan documents and eFolders to ensure 100% ready to move over to Director

Develop and maintain a supportive team relationship within the retail mortgage dept. (both origination and processing), to ensure the processing, closing and post-closing processes are functioning optimally and effectively. Work closely with lenders on closing issues to support their origination efforts

Protects all confidential information obtained on the job by safeguarding it when in use, filing it properly when not in use, disposing of it properly and discussing it only with those who have a legitimate business need to know

Perform all other duties as assigned or requested

Adhere to all Bank Security/Compliance Regulations

Complete all annual bank security and compliance training

Adhere to Bank Security/compliance and policy guidelines for commercial loan area

Maintain confidentiality of customer information at all times

Stay current on all compliance regulations required through training and education

Keep lines of communication open by acting as a liaison between clients, Mortgage Loan Officers, underwriters and other bank personnel

Participate in bank and department meetings

Represent the bank in professional and community activities

Partner effectively across all levels of the organization and develop positive working relationships

Continually develop knowledge, skills, and abilities through internal and external training programs

Participate in bank and department meetings

Qualification

Mortgage loan documentationRegulatory complianceMicrosoft ExcelAttention to detailVerbal communicationWritten communicationInterpersonal skillsTeam playerConfidentialityTime management

Required

Associate degree in Accounting, Finance, or similar designation and/or 1 to 3 years equivalent work experience in a similar position required

Understanding of mortgage loan documentation and of state and federal regulations related to mortgage loans

Well-developed verbal/written communication skills and interpersonal skills

Good working knowledge of Microsoft Excel, Word and Power Point with the ability and willingness to learn new programs and software

Strong attention to detail with excellent follow-up skills and the ability to work efficiently and accurately

Self-starter that can manage multiple priorities simultaneously and work in a fast-paced/deadline driven environment

Willing team player with the ability to put forth the extra effort necessary to make the office a successful operation including the willingness to put in extra time when needed and/or to attend required & recommended outside educational programs, seminars, etc

Ability to maintain confidential customer information

Ability to read, write, understand and speak English clearly

Ability to represent the organization in a professional, positive manner