Loan Closer

Ascend Bank; Wallingford (CT); On-site; USD 30,000 - 43,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) with employer match

Paid time off

Paid holidays

Job summary

Ascend Bank is seeking a Mortgage and Consumer Loan Closer in Wallingford, CT to prepare, review, and finalize closing documents for residential and consumer loans, ensuring compliance with investor and regulatory requirements.

The role requires 3+ years mortgage closing experience, strong knowledge of lending guidelines, and proficiency with LOS systems to support timely funding and post-closing activities.

Qualifications

• Experience with mortgage closing processes and regulatory guidelines.
• Strong knowledge of TRID, RESPA, TILA, and agency requirements.
• Familiarity with loan origination systems.

Responsibilities

• Prepare and review closing disclosures and packages for residential and consumer loans.
• Ensure accuracy of loan terms, fees, escrows, and compliance with program guidelines.
• Coordinate closing timelines with settlement agents, loan officers, and borrowers.
• Balance and finalize loan figures prior to closing.
• Review conditions to confirm loans are clear to close.
• Coordinate funding and deliver files to post-closing/secondary market.

Skills

Regulatory compliance

Attention to detail

Time management

Communication

Education

Two-year degree or trade school

Tools

LOS systems

Job description

The Mortgage and Consumer Loan Closer is responsible for preparing, reviewing, and finalizing closing documents for residential mortgage loans, including consumer loan products. This role ensures all loan packages are accurate, compliant with investor and regulatory requirements, and ready for funding.

PRIMARY RESPONSIBILITIES

• Closing & Document Preparation
• Prepare and review closing disclosures (CDs) and closing packages for residential and consumer products.
• Ensure accuracy of loan terms, fees, escrows, and compliance with program guidelines
• Coordinate closing timelines with settlement agents, loan officers, and borrowers
• Balance and finalize loan figures prior to closing
• Compliance & Regulatory Oversight
• Ensure compliance with TRID, RESPA, TILA, and agency-specific requirements
• Review conditions to confirm loans are clear to close
• Ensure proper documentation for insuring/guaranteeing government loans
• Funding & Post-Closing Support
• Authorize or coordinate loan funding once all conditions are satisfied
• Review signed closing packages for completeness and accuracy
• Clear funding conditions and deliver files to post-closing/secondary market

This position requires compliance with all mortgage regulatory requirements and Ascend Bank’s compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents.

Digital Literacy

The ability to use data, information, and communication technologies to find, evaluate, create, and communicate information, requiring both cognitive and technical skills.

• Information, data, and content
• Teaching, learning and self-development
• Communication, collaboration, and participation
• Digital identity, safety, and security
• Technical proficiency with all bank products
• Awareness and interest in new technology
• Creation, innovation, and research

KEY COMPETENCIES

• Regulatory Compliance
• Risk Identification & Resolution

PERFORMANCE EXPECTATIONS

• Deliver accurate, compliant closing packages with minimal revisions
• Meet or exceed closing and funding timelines
• Provide guidance and support to team members

EDUCATION REQUIRED

A two-year college degree or completion of a specialized course of study at a business or trade school.

EXPEREINCE REQUIRED

• 3+ years of mortgage closing experience preferred
• Strong knowledge of mortgage lending guidelines (conventional, FHA, VA, USDA)
• Familiarity with loan origination systems
• Understanding of compliance regulations and documentation standards

KNOWLEDGE & SKILLS

• In-depth knowledge of TRID, RESPA, TILA, and mortgage closing regulations
• Experience with LOS systems
• Exceptional attention to detail and accuracy
• Strong problem-solving and time management skills
• Excellent communication and coordination abilities

*Compensation is based on our market pay structures. However, individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.

Position Wage Range $21.60-30.86

Benefits include medical, dental and vision insurance, 401(k) with employer match, paid time off, paid holidays and other fringe benefits. Note that specific benefit entitlements are dictated by the terms of the plan documents and may be changed at the sole discretion of the Company.

Ascend Bank is an equal opportunity employer and offers equal opportunity to all applicants for all positions without regard to race, color, religion, national origin, age, disability, and veteran status.

Applicants requiring reasonable accommodation in the application process should notify Human Resources.