Senior Mortgage Loan Closer at CENTRAL BANCOMPANY, INC.

Jefferson City, Missouri, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Feb, 26

Salary

0.0

Posted On

22 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Loan Closing, Documentation Preparation, Financial Analysis, Problem Solving, Decision Making, Regulatory Compliance, Customer Service, Attention to Detail, Communication Skills, Encompass, Excel, Word, Training, Quality Assurance, Fraud Detection, Funding Procedures

Industry

Banking

Description

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. Qualifications College degree or equivalent work experience with a minimum of 5 years mortgage loan closing or related experience required. 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. NOTE: This job description is not intended to be an exhaustive list of all duties, responsibilities or qualifications associated with the job.

Responsibilities

The Senior Mortgage Loan Closer prepares closing documents for mortgage products and ensures compliance with regulations. They coordinate with settlement agents and attorneys to facilitate the closing process and resolve any issues that arise.