Loan Closer

First National Bank Of Pennsylvania; Pittsburgh (Allegheny County); In loco; USD 55.000 - 75.000; Tempo pieno

Descrizione del lavoro

First National Bank Of Pennsylvania in Pittsburgh seeks a Loan Closer to monitor CD dates, generate Closing Disclosures, and ensure timely funding and closing coordination. You will manage the settlement agent portal and verify disclosure histories to support accurate settlement dates.

The role requires adherence to TRID regulations, HOEPA/HPML tests, and precise preparation of closing documents with a strong focus on customer service.

Competenze

• High School or GED required.
• Excellent written and verbal communication skills.
• Ability to use a personal computer and job-related software.
• MS Word, Excel, and PowerPoint proficiency.
• Experience in mortgage loan closing or related work preferred.

Mansioni

• Prepares all Bank prepared legal documents required to close residential mortgage loans including the note, mortgage, riders, RESPA documents, escrow analysis forms, and amortization schedules.
• Prepares the Closing Disclosure in a timely manner to protect the customer’s ability to settle on time.
• Performs HOEPA and HPML, TILA tests on each loan and ensures compliance with TRID regulations.
• Reviews attorney-prepared documents for errors and coordinates settlement through the closing portal.
• Determines if the settlement agent properly prepared necessary documents and notifies for corrections before funds are released.
• Reviews insurance policy and performs initial escrow analysis; prepares net funding for settlement agent.

Conoscenze

Communication skills

Organizational skills

Detail-oriented

Interpersonal skills

Computer skills

Formazione

High School or GED

Strumenti

MS Word

MS Excel

MS PowerPoint

Office software

Descrizione del lavoro

Primary Office Location

626 Washington Place. Pittsburgh, Pennsylvania. 15219.

Join our team. Make a difference - for us and for your future.

Position Title

Loan Closer

Business Unit

Mortgage Administration

Reports To

Manager of Mortgage Closing

Position Overview

This position is primarily responsible monitoring CD dates, generating CD's and ensuring that CDs are executed in a timely fashion to enable us to honor settlement dates. The position also is responsible for preparing closing documents and net funding of the mortgage loan, as well as Closing Coordination. The incumbent provides the highest quality of customer service to every customer, both internal and external. Manages the settlement agent portal and validating disclosure histories via Smart LE.

All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program. F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.

Primary Responsibilities

• Prepares all Bank prepared legal documents required to close residential mortgage loans including the note, mortgage, riders, final Real Estate Settlement Procedures Act (RESPA) documents, escrow analysis forms, amortization schedules, etc. Prepares the Closing Disclosure in a timely manner in order to protect the customers ability to settle the transaction on time.
• Performs federally required Home Owners Equity Protection Act (HOEPA) and Higher Priced Mortgage Loans (HPML), TILA test on each loan, analyzes results to determine necessary steps to bring the loan into compliance and complies with federal TRID regulations regarding settlement costs and curing any deficiencies. Responsible for all changes and documentation under new TRID rules.
• Reviews and understands the attorney prepared legal documents for errors and omissions, detects inconsistencies and either cures the defects or instructs the settlement agent on how to cure the defect. Coordinates settlement through the closing portal with to procure fees and information as needed to prepare CD's and Documents.
• Determines if the settlement agent properly prepared the Deed, Subordination Agreement and any other attorney prepared legal documents and notifies the settlement agent immediately to make corrections prior to funds being released by the Bank.
• Reviews the homeowner's insurance policy for adequate coverage and mortgagee clause. Performs the initial escrow analysis using information contained on the tax and insurance information sheet. Prepares the net funding of the loan to the settlement agent by either preparing general ledger tickets, preparing block entries on ITI or initiating a wire transfer.
• Monitors the system for Consent of electronic delivery, disclosure timing, waiting periods, redisclosures and rescheduling closings as necessary to adhere to TRID regulatory requirements.
• Performs other related duties and projects as assigned.

Minimum Education

High School or GED

Minimum Years Experience

3

Special Skills

• Excellent communication skills, both written and verbal
• Excellent organizational, analytical and interpersonal skills
• Detail-oriented
• Ability to use general office equipment
• Ability to use a personal computer and job-related software
• MS Word - Intermediate Level
• MS Excel - Intermediate Level
• MS PowerPoint - Basic Level
• Experience in mortgage loan closing or equivalent type of functional work

Special Licenses and Certificates

N/A

Physical Requirements

N/A

Equal Employment Opportunity (EEO)

It is the policy of F.N.B. Corporation (FNB) and its affiliates not to discriminate against any employee or applicant for employment because of age, race, color, religion, sex, national origin, disability, veteran status or any other category protected by law. It is also the policy of FNB and its affiliates to employ and advance in employment all persons regardless of their status as individuals with disabilities or veterans, and to base all employment decisions only on valid job requirements. FNB provides all applicants and employees a discrimination and harassment free workplace.

FNB will not provide sponsorship for employment-based visas for this position; only candidates who are legally authorized to work in the U.S. will be considered.