Loan Closer

FNB; Pittsburgh (Allegheny County); On-site; USD 55,000 - 75,000; Full time

Job summary

F.N.B. Corporation is seeking a Loan Closer in Pittsburgh to manage mortgage closing documents, disclosures and net funding. You will monitor CD dates, prepare CDs, ensure timely settlements, and perform TRID compliance tasks in collaboration with settlement agents.

Ideal candidates have 3+ years in mortgage loan closing, strong communication and analytic skills, and proficiency with MS Word/Excel/PowerPoint. On-site office location in Pittsburgh, PA.

Qualifications

• Minimum education: High School diploma or GED.
• Minimum years experience: 3.
• Experience in mortgage loan closing or similar functional work.
• Excellent communication, organizational, analytical and interpersonal skills.
• Detail-oriented with ability to manage multiple tasks.

Responsibilities

• Prepares all Bank prepared legal documents required to close residential mortgage loans (note, mortgage, riders, RESPA docs, etc.).
• Prepares Closing Disclosure timely to protect settlement dates.
• Monitors CD dates and ensures timely execution for settlement.
• Performs HOEPA/HPML/TILA tests and TRID compliance.
• Reviews attorney-prepared docs for errors and coordinates corrections with settlement agent.
• Coordinates settlement through closing portal to procure fees and documents.
• Determines proper Deed/Subordination and error corrections before funds release.
• Reviews homeowner’s insurance and escrow analysis; prepares net funding to settlement agent.
• Monitors electronic delivery disclosures and redisclosures per TRID requirements.
• Performs other related duties as assigned.

Skills

Communication skills

Organizational skills

Analytical skills

Detail-oriented

General office software

MS Word

MS Excel

MS PowerPoint

Mortgage loan closing experience

Education

High School diploma or GED

Tools

MS Word

MS Excel

MS PowerPoint

Job description

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.

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.

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.

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.