Loan Closer

First National Bank Of Pennsylvania; United States; In loco; USD 52.000 - 75.000; Tempo pieno

Descrizione del lavoro

First National Bank of Pennsylvania seeks an experienced Loan Closer in the Mortgage Administration unit to monitor CD dates, generate Closing Disclosures, and ensure timely TRID compliance for settlement. The role prepares closing documents, coordinates with settlement agents, and manages the mortgage funding process.

The position requires 3+ years in mortgage closing, excellent communication, and strong organizational skills to navigate regulatory requirements and deliver high-quality customer

Competenze

• High school diploma or GED required.
• 3+ years of mortgage closing experience or equivalent.
• Excellent written and verbal communication; strong organizational and analytical abilities.

Mansioni

• Prepare all bank documents for closing residential mortgage loans (note, mortgage, riders, RESPA documents, escrow analyses, amortization schedules).
• Prepare Closing Disclosure in a timely manner to protect settlement dates.
• Perform HOEPA and HPML and TILA tests, analyze results, and ensure TRID compliance.
• Coordinate settlement through closing portal and procure fees/information for CDs and documents.
• Review and correct legal documents; assist settlement agent to cure defects.
• Verify Deed, Subordination Agreement and other attorney documents; notify if corrections are needed.
• Review homeowner’s insurance policy and mortgagee clause; perform escrow analyses.
• Prepare net funding of the loan to settlement agent via GL tickets, ITI entries, or wires.
• Monitor disclosures and redisclosures to adhere to TRID timelines.

Conoscenze

Excellent communication

Organizational skills

Analytical skills

Interpersonal skills

Detail-oriented

MS Word

MS Excel

MS PowerPoint

Mortgage loan closing experience

Formazione

High School or GED

Strumenti

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

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.

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.

A culture of teamwork. A history of success. As a leading diversified financial services company, F.N.B. Corporation (FNB) offers a wide range of opportunities for individuals who want to grow their careers. The FNB team is a group of highly qualified professionals who work together to provide comprehensive financial solutions across our corporate footprint, which includes Pennsylvania, Ohio, Maryland, West Virginia, Virginia, North Carolina, and South Carolina. Our consistent recognition as a best place to work and top workplace by our own employees symbolizes the outstanding culture we represent.