Mortgage Loan Closer
About the position
The Mortgage Loan Closer at Tri City National Bank plays a crucial role in managing a pipeline to ensure that all loans are closed in a timely manner, adhering to both the bank's and investor's requirements. This position is essential for maintaining the integrity of the loan closing process and ensuring compliance with all relevant regulations. The ideal candidate will be responsible for preparing loan closing documents for various types of loans, including purchase, refinance, construction, and consumer mortgage loans, utilizing software such as Mortgagebot/IDS or LaserPro. The role requires a thorough understanding of secondary mortgage lending and government loans, as well as the ability to resolve problems independently while collaborating with the bank's compliance department and legal counsel. In addition to managing the closing process, the Mortgage Loan Closer will also serve as a resource for less experienced colleagues, providing support and training on loan policies and procedures. This includes mentoring new team members and ensuring that the procedures manual is up to date. The position involves reviewing loan files for completeness and compliance with underwriter approvals, monitoring high-cost loans, and ensuring adherence to TRID regulations. Effective communication with all internal and external parties involved in the loan closing process is essential to avoid and resolve any issues that may arise. The Mortgage Loan Closer will also assist with post-closing duties and contribute to weekly and monthly reporting. This role is located on-site in West Allis, WI, and offers a competitive compensation range of $22.00 - $28.00 per hour, depending on experience. Tri City National Bank values its employees and offers a supportive work environment where hard work is recognized and rewarded, along with opportunities for personal and professional growth.
Responsibilities
Collaborates with loan processor, loan officer, and loan underwriter to ensure loan closing.
,
Trains, mentors, and provides leadership to new and existing team members.
,
Prepares loan closing documents for various types of loans in accordance with compliance guidelines.
,
Retains up-to-date knowledge of secondary mortgage lending and government loans.
,
Resolves problems and works independently with the bank's compliance department and legal counsel.
,
Assists in the training and implementation of new policies and procedures, ensuring the procedures manual is current.
,
Ensures accurate and efficient preparation and delivery of loan documents.
,
Reviews loan files for completeness and compliance with underwriter's approval prior to preparation of closing package.
,
Monitors high-cost loans and TRID regulations, ensuring accuracy of Loan Estimate and Closing Disclosure.
,
Communicates professionally and proactively with all parties involved in the loan closing process to avoid and resolve problems.
,
Accurately completes HMDA information on all assigned loan files.
,
Assists team with post-closing job duties and contributes to weekly and monthly reports.
,
Performs all other duties as assigned.
Requirements
3+ years of consumer mortgage closing experience.
,
Completion of four years of high school education or equivalent; advanced education is a plus.
,
Proficiency in typing and computer software.
,
Advanced understanding of mortgage closings and problem resolutions.
,
Experience in a residential mortgage department or relevant experience in the financial services industry.
,
High level of analytical ability to gather and integrate data for loan closing documentation.
,
Demonstrated understanding of federal and state consumer compliance regulations related to residential mortgage loans.
,
Exceptional organization and communication skills.
,
Ability to prioritize multiple work assignments and work independently.
,
Ability to manage high-stress situations and maintain a high level of energy.
,
Ability to maintain confidentiality of customer files.
,
Constant alertness and continuous mental application with attention to detail and accuracy.
Nice-to-haves
Advanced education in finance or related field.
,
Experience with Mortgagebot/IDS or LaserPro software.
,
Knowledge of additional compliance regulations and guidelines.
Benefits
401(k) plan with employer contributions.
,
Tuition reimbursement for further education.
,
Medical, dental, and vision insurance coverage.
,
Paid vacation for full-time employees.
,
Work-life balance for part-time employees with up to 20 hours of paid vacation after 6 months.
,
Regular feedback and performance reviews with opportunities for promotions and wage increases.
,
Opportunities to give back to the community.
Apply Now
The Mortgage Loan Closer at Tri City National Bank plays a crucial role in managing a pipeline to ensure that all loans are closed in a timely manner, adhering to both the bank's and investor's requirements. This position is essential for maintaining the integrity of the loan closing process and ensuring compliance with all relevant regulations. The ideal candidate will be responsible for preparing loan closing documents for various types of loans, including purchase, refinance, construction, and consumer mortgage loans, utilizing software such as Mortgagebot/IDS or LaserPro. The role requires a thorough understanding of secondary mortgage lending and government loans, as well as the ability to resolve problems independently while collaborating with the bank's compliance department and legal counsel. In addition to managing the closing process, the Mortgage Loan Closer will also serve as a resource for less experienced colleagues, providing support and training on loan policies and procedures. This includes mentoring new team members and ensuring that the procedures manual is up to date. The position involves reviewing loan files for completeness and compliance with underwriter approvals, monitoring high-cost loans, and ensuring adherence to TRID regulations. Effective communication with all internal and external parties involved in the loan closing process is essential to avoid and resolve any issues that may arise. The Mortgage Loan Closer will also assist with post-closing duties and contribute to weekly and monthly reporting. This role is located on-site in West Allis, WI, and offers a competitive compensation range of $22.00 - $28.00 per hour, depending on experience. Tri City National Bank values its employees and offers a supportive work environment where hard work is recognized and rewarded, along with opportunities for personal and professional growth.
Responsibilities
Collaborates with loan processor, loan officer, and loan underwriter to ensure loan closing.
,
Trains, mentors, and provides leadership to new and existing team members.
,
Prepares loan closing documents for various types of loans in accordance with compliance guidelines.
,
Retains up-to-date knowledge of secondary mortgage lending and government loans.
,
Resolves problems and works independently with the bank's compliance department and legal counsel.
,
Assists in the training and implementation of new policies and procedures, ensuring the procedures manual is current.
,
Ensures accurate and efficient preparation and delivery of loan documents.
,
Reviews loan files for completeness and compliance with underwriter's approval prior to preparation of closing package.
,
Monitors high-cost loans and TRID regulations, ensuring accuracy of Loan Estimate and Closing Disclosure.
,
Communicates professionally and proactively with all parties involved in the loan closing process to avoid and resolve problems.
,
Accurately completes HMDA information on all assigned loan files.
,
Assists team with post-closing job duties and contributes to weekly and monthly reports.
,
Performs all other duties as assigned.
Requirements
3+ years of consumer mortgage closing experience.
,
Completion of four years of high school education or equivalent; advanced education is a plus.
,
Proficiency in typing and computer software.
,
Advanced understanding of mortgage closings and problem resolutions.
,
Experience in a residential mortgage department or relevant experience in the financial services industry.
,
High level of analytical ability to gather and integrate data for loan closing documentation.
,
Demonstrated understanding of federal and state consumer compliance regulations related to residential mortgage loans.
,
Exceptional organization and communication skills.
,
Ability to prioritize multiple work assignments and work independently.
,
Ability to manage high-stress situations and maintain a high level of energy.
,
Ability to maintain confidentiality of customer files.
,
Constant alertness and continuous mental application with attention to detail and accuracy.
Nice-to-haves
Advanced education in finance or related field.
,
Experience with Mortgagebot/IDS or LaserPro software.
,
Knowledge of additional compliance regulations and guidelines.
Benefits
401(k) plan with employer contributions.
,
Tuition reimbursement for further education.
,
Medical, dental, and vision insurance coverage.
,
Paid vacation for full-time employees.
,
Work-life balance for part-time employees with up to 20 hours of paid vacation after 6 months.
,
Regular feedback and performance reviews with opportunities for promotions and wage increases.
,
Opportunities to give back to the community.
Apply Now