Closing Manager - Resident & Consumer Lending

FIRST COMMERCE BANK; Lakewood Township (NJ); On-site; USD 59,000 - 72,000; Full time

Job summary

First Commerce Bank is seeking a Closer for Residential and Consumer Lending in Lakewood, NJ. You will prepare compliant closing documents and coordinate with borrowers, title companies, and investors to finalize mortgage closings.

The role requires knowledge of mortgage processing, TILA/RESPA disclosures, and SAFE Act compliance, with opportunities to ensure high accuracy and customer service during closings.

Qualifications

• High School Diploma or equivalent.
• 1-2 years in residential mortgage or similar office environment with mortgage processing.
• Basic working knowledge of the mortgage industry and regulations.
• Must comply with SAFE Act registration requirements.

Responsibilities

• Prepare accurate closing documents to ensure compliant mortgage closings.
• Coordinate with borrowers and title companies on closing schedule and questions.
• Prepare Closing Disclosure in line with TILA/RESPA.
• Gather and verify information with title companies for disclosures and funding.
• Confirm documents are signed and funds are disbursed per lender instructions.
• Review post-closing packages and prepare loans for investor purchase.
• Scan and route documents in Encompass and to investors as required.
• Maintain regulatory compliance throughout the closing process.

Skills

English proficiency

Time management

MS Office

Bank products knowledge

Multitasking

Analytical skills

Attention to detail

Encompass 360

Education

High School Diploma or equivalent

Tools

Encompass 360

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Closing Manager - Resident & Consumer Lending

Lakewood, NJ, US

6 days ago Requisition ID: 1348

Basic Qualifications

Education/Training: High School Diploma or equivalent. Minimum 1-2 year experience in residential mortgage or similar professional office environment that included some form of related residential mortgage processing. Candidates should have a basic working knowledge of the mortgage industry and regulations. Must comply with all registration requirements under the SAFE Act.

Skills: Proficient in English, written, verbal and interpersonal communication skills. Strong time management skills, proficient PC skills including Microsoft office. Thorough knowledge of bank products and services. Ability to manage multiple tasks in a fast-paced, changing environment with professionalism and courtesy. Excellent analytical, reasoning, organizational, and time management skills. Detail oriented with high accuracy. Knowledge of Origination Systems including Encompass 360.

General Responsibilities

The Closer – Residential and Consumer Lending is responsible for preparing accurate loan closing documents in order to have a fully compliant, portfolio and saleable mortgage loan.

Essential Duties and Responsibilities

• Verify that required, accurate closing documentation needed to close are in the file
• Communicate, as point of contact, with borrower about closing schedule and answer questions about closing.
• Prepare compliant closing disclosure that adheres to TILA/RESPA requirements.
• Communicate with title companies to gather information for accurate closing disclosure preparation and coordinate delivery of the documents.
• Communicate with the title company on outstanding closing conditions required to fund the loan
• Verify that closing documents are signed and dated accurately and according to lender instructions.
• Prepare funds requests so that mortgage loan funds are delivered to the title company for funds disbursement.
• Coordinate with other associates to create seamless closing process for customer.
• Implement company processes during closing process for highest level of customer service
• Review post-closing packages and prepare loans for final investor purchase.
• Board portfolio loans to bank core operation system.
• Responsible for reviewing Closing Disclosure, Hazard and Flood Insurance binders prior to funding.
• Responsible for completing Flood worksheets and verifying Flood and Hazard Insurance coverage to ensure adequate coverage and subject property.
• Responsible for completing funding sheets and loan set up sheets so that new loans can be entered into the Bank’s Core system.
• Scan all legal files to Encompass and ship all secondary market loans to investors electronically according to each investor’s checklist.
• Complete closed loan file review using Sold Loan Document Review Checklist.
• Follow up, review, scan and submit all final documents for each secondary market loan to all investors.
• Track, clear, and upload all suspense items from all investors within time frame given.
• Adheres to proper regulatory compliance practices inherent in this position’s responsibilities by following departmental policies and procedures, completing compliance training as assigned and questioning any areas of uncertainty regarding proper regulatory processes.

• Verify that required, accurate closing documentation needed to close are in the file
• Communicate, as point of contact, with borrower about closing schedule and answer questions about closing.
• Prepare compliant closing disclosure that adheres to TILA/RESPA requirements.
• Communicate with title companies to gather information for accurate closing disclosure preparation and coordinate delivery of the documents.
• Communicate with the title company on outstanding closing conditions required to fund the loan
• Verify that closing documents are signed and dated accurately and according to lender instructions.
• Prepare funds requests so that mortgage loan funds are delivered to the title company for funds disbursement.
• Coordinate with other associates to create seamless closing process for customer.
• Implement company processes during closing process for highest level of customer service
• Review post-closing packages and prepare loans for final investor purchase.
• Board portfolio loans to bank core operation system.
• Responsible for reviewing Closing Disclosure, Hazard and Flood Insurance binders prior to funding.
• Responsible for completing Flood worksheets and verifying Flood and Hazard Insurance coverage to ensure adequate coverage and subject property.
• Responsible for completing funding sheets and loan set up sheets so that new loans can be entered into the Bank’s Core system.
• Scan all legal files to Encompass and ship all secondary market loans to investors electronically according to each investor’s checklist.
• Complete closed loan file review using Sold Loan Document Review Checklist.
• Follow up, review, scan and submit all final documents for each secondary market loan to all investors.
• Track, clear, and upload all suspense items from all investors within time frame given.
• Adheres to proper regulatory compliance practices inherent in this position’s responsibilities by following departmental policies and procedures, completing compliance training as assigned and questioning any areas of uncertainty regarding proper regulatory processes.

Core Competencies

• Operational excellence, execution and follow-through, delegation, regulatory knowledge, adaptability, cross-functional collaboration and strong ownership.
• Maintains a thorough understanding of the regulatory landscape governing residential lending and ensures operational practices reflect current requirements.
• Works effectively across departments and functional areas, building productive relationships to ensure alignment and coordinated execution.

Ancillary Duties

Perform tasks which are supportive in nature of the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.

Job Location

All levels

1700 Avenue of the States

Suite 301

Lakewood, NJ

Equipment/Machines

Telephone

PC/Computer keyboard

Printer

Copy machine

Fax machine

Scanner

Calculator

Starting Salary: $65K (Negotiable upon experience)

Basic Qualifications

Education/Training: High School Diploma or equivalent. Minimum 1-2 year experience in residential mortgage or similar professional office environment that included some form of related residential mortgage processing. Candidates should have a basic working knowledge of the mortgage industry and regulations. Must comply with all registration requirements under the SAFE Act.

Skills: Proficient in English, written, verbal and interpersonal communication skills. Strong time management skills, proficient PC skills including Microsoft office. Thorough knowledge of bank products and services. Ability to manage multiple tasks in a fast-paced, changing environment with professionalism and courtesy. Excellent analytical, reasoning, organizational, and time management skills. Detail oriented with high accuracy. Knowledge of Origination Systems including Encompass 360.

General Responsibilities

The Closer – Residential and Consumer Lending is responsible for preparing accurate loan closing documents in order to have a fully compliant, portfolio and saleable mortgage loan.

Essential Duties and Responsibilities

• Verify that required, accurate closing documentation needed to close are in the file
• Communicate, as point of contact, with borrower about closing schedule and answer questions about closing.
• Prepare compliant closing disclosure that adheres to TILA/RESPA requirements.
• Communicate with title companies to gather information for accurate closing disclosure preparation and coordinate delivery of the documents.
• Communicate with the title company on outstanding closing conditions required to fund the loan
• Verify that closing documents are signed and dated accurately and according to lender instructions.
• Prepare funds requests so that mortgage loan funds are delivered to the title company for funds disbursement.
• Coordinate with other associates to create seamless closing process for customer.
• Implement company processes during closing process for highest level of customer service
• Review post-closing packages and prepare loans for final investor purchase.
• Board portfolio loans to bank core operation system.
• Responsible for reviewing Closing Disclosure, Hazard and Flood Insurance binders prior to funding.
• Responsible for completing Flood worksheets and verifying Flood and Hazard Insurance coverage to ensure adequate coverage and subject property.
• Responsible for completing funding sheets and loan set up sheets so that new loans can be entered into the Bank’s Core system.
• Scan all legal files to Encompass and ship all secondary market loans to investors electronically according to each investor’s checklist.
• Complete closed loan file review using Sold Loan Document Review Checklist.
• Follow up, review, scan and submit all final documents for each secondary market loan to all investors.
• Track, clear, and upload all suspense items from all investors within time frame given.
• Adheres to proper regulatory compliance practices inherent in this position’s responsibilities by following departmental policies and procedures, completing compliance training as assigned and questioning any areas of uncertainty regarding proper regulatory processes.

Core Competencies

• Operational excellence, execution and follow-through, delegation, regulatory knowledge, adaptability, cross-functional collaboration and strong ownership.
• Maintains a thorough understanding of the regulatory landscape governing residential lending and ensures operational practices reflect current requirements.
• Works effectively across departments and functional areas, building productive relationships to ensure alignment and coordinated execution.

Ancillary Duties

Perform tasks which are supportive in nature of the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.

Job Location

All levels

1700 Avenue of the States

Suite 301

Lakewood, NJ

Equipment/Machines

Telephone

PC/Computer keyboard

Printer

Copy machine

Fax machine

Scanner

Calculator

First Commerce is dedicated to providing people, businesses, and communities in our markets with high quality products and services with superior customer service. We provide products and services through secure, user-friendly technology and customer friendly locations. Our relationships are founded in our desire to be responsive to the financial needs of our customers in an atmosphere of personal attention, professionalism, trust, integrity and fairness. First Commerce prides itself on maintaining personal communications beginning with the Board of Directors.

First Commerce Bank is an Equal Opportunity Employer. All qualified applicants receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression, genetic information or any other characteristic protected by applicable law.