Mortgage Closer-Funder II

INTERNATIONAL BANK OF COMMERCE; Texas; On-site; USD 56,000 - 74,000; Full time

Benefits offered by this job

Medical Plan

Employer Paid Life Insurance

Flexible Spending Program

401k

Profit Sharing Program

Tuition Assistance Program

Sick Leave

Vacation

Paid Holidays

Job summary

IBC Bank is seeking a Mortgage Closing Specialist for an in-office role in the 1040 Mortgage Closing department. You will ensure closing packages comply with Federal, State, Investor, Secondary, and IBC guidelines and regulations.

The position emphasizes accuracy in documents, timing, and coordination with borrowers, title companies, and agents. Responsibilities include reviewing documents, preparing disclosures, tracking wires, and maintaining real-time loan status in LOS.

Qualifications

• High school diploma or equivalent required.
• At least 3 years of mortgage lending experience.
• Notary commission valid in Texas and Oklahoma.

Responsibilities

• Reviews loan approvals, rate lock, appraisal, title work, insurance, flood certificate, survey, and payoffs for validity.
• Verifies county recording fees and reconciles source documents to LOS.
• Prepares closing disclosures for management and borrower review.
• Sends and tracks documents electronically to borrowers based on TRID timing rules.
• Coordinates closing date/time with all parties and delivers closing documents to title company.

Skills

Detail oriented

Strong math skills

Effective communication

Professional demeanor

Bilingual/Spanish a plus

Team player

Time management

Knowledge of mortgage terminology

Education

High School graduate or equivalent

3+ years mortgage lending experience

Notary commission (TX & OK)

Tools

Encompass

DU/LP underwriting systems

Job description

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's \"We Do More\" philosophy reflects its dedication to the growth and success of its employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.

Time Type: Full time

This is an in-office position.

Department: 1040 Mortgage Closing

Job Summary

All closing packages must comply with Federal, State, Investor, Secondary, and IBC guidelines and regulations.

Job Description

ESSENTIAL JOB FUNCTIONS

• Reviews loan approval, rate lock, appraisal, title work, insurance, flood certificate, survey, and payoffs for validity
• Verifies county recording fees
• Reconciles source documents to data contained within LOS
• Prepares closing disclosures for management and borrower review
• Sends and track specific documents electronically to borrowers based on TRID timing rules
• Communicates with the borrower and or Closing Agent to set expectations for closing and confirm important details
• Coordinates closing date and time with all applicable parties
• Orders closing packages from doc prep attorneys specific to loan type
• Reviews documents for accuracy
• Balances Closing Disclosure (CD) with the title company and issue approval
• Delivers closing documents to title company via secure methods
• Ensures all closing and funding conditions are satisfied
• Reviews executed documents for completeness and accuracy
• Requests and prepare wires
• Issues funding authorization
• Maintains real time loan status within LOS
• Communicates details with borrowers, title companies, vendors, and internal staff throughout the process
• Assists with investor conditions and post-closing functions
• Ensures customer privacy, security of files, and appropriate staff access
• Assists Closing Manager in identifying process improvement needs and providing support to the training team to develop any necessary training required for such improvement (s)
• Mentors individual closers for questions and/or assistance they may require for loans, systems, or process-related items.
• Assists with escalations, priority requests, and staging needs.
• Trains new Closers
• Functions as a team lead
• Performs other related duties as assigned

SKILLS

• Strong attention to detail and possess good math skills
• Work independently with minimal management oversight
• Must communicate effectively over the telephone
• Must be professional, courteous, and confident to make a good last impression on the borrower
• Knowledge of mortgage forms and documents
• Knowledge of mortgage terminologies like DTI, LTV, and PITI
• Knowledge of FNMA, FHA, USDA, DPA, and VA guidelines
• Knowledge of real estate lending practices including federal and state regulations
• Ability to work in a fast-paced environment
• Bilingual/Spanish is a plus
• Maintain notary stamp
• Understand investor guidelines
• Team player
• Strong Data entry skills
• Effective time management
• Excellent organizational skills

EDUCATION

• High School graduate or equivalent required
• Applicant must have at least 3 years of experience in mortgage lending
• Knowledge of DU, LP, and Encompass or similar underwriting systems
• Notary commission by the states of Texas and Oklahoma

IBC Bank was founded in 1966 to meet the needs of small businesses in Laredo, Texas. The bank's success is a result of an aggressive and innovative attitude. The Bank's \"We Do More\" philosophy reflects it's dedication to the growth and success of it's employees, customers and communities. Our commitment to \"Do More\" for the communities we serve permeates our company from top down. The success of IBC and it's 50 consecutive years of growth and profitability are due to strong leadership, customer centric business philosophy and our motto of \"Doing More\" in our communities.

Wait there's more! We offer a comprehensive benefits package, based on eligibility, benefits include:

• Medical Plan
• Employer Paid Life Insurance
• Flexible Spending Program
• 401k
• Profit Sharing Program
• Supplemental Benefit Programs such as:
• Vision
• Dental
• Disability
• Tuition Assistance Program
• Sick Leave
• Vacation
• Paid Holidays