Mortgage Closing Coordinator

Ecsb; Cambridge, Northern (MA, KY); Hybrid; USD 62,000 - 93,000; Full time

Job summary

East Cambridge Savings Bank is seeking a Mortgage Closing Coordinator in Cambridge, MA. The role supports the closing process for mortgage loans with quality control, scheduling, and documentation management.

The candidate will coordinate with attorneys and lenders, review documents for accuracy, and ensure compliance with federal, state, and bank policies. Strong communication and organizational skills are essential, along with MLO registration requirements.

Qualifications

• 3 years lending experience
• 1 year Mortgage Loan closing experience
• Strong interpersonal and communication skills
• Ability to perform multiple tasks while meeting deadlines
• Must be detail oriented with strong organizational, analytical, and problem-solving skills
• Must become a registered MLO per the S.A.F.E. Act
• Working knowledge of Microsoft Word and Excel

Responsibilities

• Perform quality control to ensure file completeness and condition satisfaction; ensure loan is authorized to close
• Monitor pipeline and schedule closings per rate lock and commitment expiration
• Serve as liaison with closing attorneys and lenders; review documentation for accuracy and request corrections
• Prepare legal documents for closings and submit for signatures
• Calculate net funds and disburse via wire or online deposit
• Prepare and monitor management reports as required
• Monitor receipt of legal documents from closing attorneys and verify completeness
• Communicate deficiencies to attorneys and ensure regulatory compliance
• Assist the Loan Processing area as needed and stay informed on loan products

Skills

Lending experience

Mortgage loan closing

Interpersonal communication

Multitasking

Attention to detail

MLO registration

Tools

Microsoft Word

Microsoft Excel

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Cambridge, MA, US

13 days ago Requisition ID: 1333

Salary Range: $29.72 To $44.60 Hourly

Actual compensation for this role is commensurate with experience, skill set, and other qualifications.

East Cambridge Savings Bank’s Lending Division is actively recruiting for a Mortgage Closing Coordinator.

Function:

Under the general direction of the Retail Lending Manager, perform a variety of administrative tasks in connection with the closing documentation of all mortgage loans.

We are looking for a candidate with:

• 3 years lending experience, 1 year Mortgage Loan closing experience
• Strong interpersonal and communication skills (both verbal and written)
• Ability to perform a variety of tasks simultaneously while adhering to deadlines and working independently
• Must be detail oriented and have excellent organizational, analytical and problem-solving skills
• Must become a registered MLO in accordance with the S.A.F.E. Act
• Working knowledge of Microsoft Word and Excel

Essential Job Functions:

• Perform quality control function to ensure completeness and accuracy of file and satisfaction of commitment conditions. Ensure loan is authorized to close.
• Monitor pipeline and schedule loan closings in accordance with rate lock and commitment expiration dates.
• Serve as liaison with closing attorneys and correspondent lenders. Review necessary loan documentation for accuracy prior to closing, request corrections if needed.
• Prepare legal documents for consumer and mortgage loan closings and submit to attorney or Branch for completion and signatures.
• Calculate net funds (refunds and receivables) and disburse via wire or on-line deposit.
• Prepare and monitor management reports as required.
• Monitor receipt of legal documents from closing attorneys.
• Review legal documents for completeness and accuracy. Communicate deficiencies to attorneys.
• Ensure federal, state, and Bank regulations are properly adhered to by all parties. Comply fully with all federal, state and local laws and regulations, policies and procedures, including but not limited to the S.A.F.E. Act and its registration, renewal and updating requirements.
• Monitor results of operational audits and ensure operational preparedness for audits and regulatory examinations. Ensure compliance with established policies, procedures, and laws and regulations.
• Assist the Loan Processing area as needed. Keep abreast of residential and consumer loan products.

Supportive Functions:

• Perform related Lending tasks and special projects as may be required or assigned.

East Cambridge Savings Bank, Attn: Human Resources

344 Cambridge Street Cambridge, MA 02141

East Cambridge Savings Bank is an Equal Opportunity Employer/Disabled/Veterans