Loan Closer - Boston, MA

Berkshire Bank; Boston (MA); On-site; USD 28,000 - 50,000; Full time

Job summary

Berkshire Bank in Boston, MA is seeking a detail-oriented Post-Closing Specialist to ensure the accuracy and completeness of closed loan packages. You will work closely with closing agents, mortgage loan officers, processors, and underwriters to clear outstanding items and prepare files for boarding.

This role emphasizes quality control, timely processing, and adherence to investor requirements, with responsibilities across CD review, document validations, and funding support on a non-exempt

Qualifications

• Excellent written and verbal communication abilities.
• Demonstrated attention to detail in a fast-paced environment.
• Ability to multi-task and manage multiple files simultaneously.
• Strong problem-solving skills.

Responsibilities

• Performs quality control review of closed loan files, including CD review and cash to close.
• Collects and submits stipulations for investor approval and documents to complete the file.
• Obtains trailing documents for all closed loans.
• Processes wire and deposit requests after file is cleared to fund.
• Assists in sale backup duties for loans to investors and shipments of packages.

Skills

Strong communication skills

Attention to detail

Ability to multi-task

Problem solving

Education

High school diploma or equivalent

Some college desired

Job description

Division: Bank Operations

Department: Retail Loan Servicing

Reports to: FVP, Closing and Funding Manager

Status: Non-Exempt

Grade: 7

Salary Range: $20.50 - $35.99

Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location: Boston, MA or Pittsfield, MA

Purpose / Objective

Performs review of the closed loan package upon receipt from the closing agent. Works closely with closing agents, mortgage loan officers, processors, and underwriters. Clears outstanding items on files to get loans completed in a timely fashion.

Key Accountabilities

• Performs quality control review of closed loan files, which includes CD review, document expirations, address validations, escrow determinations and cash to close review. 25%
• Works with processors/underwriters/loan officers and closing agents to collect and submit stips for investor approval and/or obtain any outstanding documentation to complete the loan file for boarding. 25%
• Obtains the Trailing Documents for all closed loans. 25%
• Process all wire / deposit requests to the appropriate parties upon file being Cleared to Fund. 25%
• Performs backup duties for sale of loans to Investors, retrieving Purchase Advice from Investors for purchased loans and shipping/submission of closed loan packages to Investors.

Education

• High school diploma or equivalent
• Some college desired

Experience

• 3+ years of post-closing experience
• Experience in conventional post-closing, FHA, VA, USDA, CHFA, Mass Housing, and construction loans

Skills & Knowledge

• Strong communication skills, both written and verbal
• Ability to multi-task and work in a fast-paced environment
• Attention to detail
• Ability to problem solve and find resolutions

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.