Mortgage Closing Processor

Savings Bank; Circleville (OH); On-site; USD 42,000 - 64,000; Full time

Job summary

The Mortgage Closing Processor at Savings Bank in Circleville, Ohio, handles all closing and post-closing processes to ensure accuracy and completeness, coordinating with title companies, borrowers, and investors.

This full-time role requires knowledge of TRID requirements, ability to review fees, prepare disclosures, and communicate status with mortgage consultants, realtors, and bank partners.

Qualifications

• 2+ years experience closing and/or processing conventional, FHA, VA and FNMA loans preferred
• Knowledge of Reg B (ECOA), Reg C (HMDA), Reg X (TRID) and Reg Z (TILA) preferred
• Detail oriented to review information and documents for accuracy

Responsibilities

• Set the closing date with title companies and borrowers
• Validate all lender and third party fees and disbursements
• Prepare and send closing documents
• Prepare and send closing disclosures and ensure its accuracy based on TRID required wait period
• Understand Bank, investor, agency and government products, programs and services
• Understand and follow Bank policies and procedures
• Communicate closing status with mortgage consultants, realtors, builders and bank partners as needed
• Orders wires and fund loans
• Serve as back-up to Loan Processor to advance loans through the pipeline as needed
• Ensure the property data is complete and accurate and the Note and Security Instrument are compliant with Fannie Mae/Freddie Mac requirements as deliverable documents
• Submit case FHA VA case binders for review/approval
• Ensure all closed loans are delivered according to investor lending policies by validating and verifying all information before file delivery; making sure credit and collateral are documented accurately throughout the file and associated systems
• Assist in effectively communicating with investors to satisfy all post-closing and post-purchase audit discrepancies
• Communicate any discrepancies found within a closed loan file with the Mortgage Loan Processor or Loan Officer and coordinate solutions for resolution
• Retrieve all trailing documents from settlement agencies and county clerks' offices, ensure they are in compliance and deliver the investor within required time frames
• Satisfy all internal and external audit requests within required time frames

Skills

Detail oriented

Strong communication

Time management

Education

High School diploma or GED

Tools

Mortgage software

Job description

Description

Location – Circleville, Ohio

Job Area – Mortgage Lending

Employment Type – Full-time

FLSA Classification – Non-Exempt

Primary Schedule – Monday - Friday

Supervisory Responsibility – None

Travel – None

The Mortgage Closing Processor facilitates all aspects of the closing and post-closing process, for accuracy and completeness.

Closing Duties and Responsibilities

• Ensure all conditions have been satisfied prior to setting the closing date.
• Set the closing date with title companies and borrowers.
• Validate all lender and third party fees and disbursements.
• Prepare and send closing documents.
• Prepare and send closing disclosures and ensure its accuracy based on TRID required wait period.
• Understand Bank, investor, agency and government products, programs and services.
• Understand and follow Bank policies and procedures.
• Communicate closing status with mortgage consultants, realtors, builders and bank partners as needed.
• Orders wires and fund loans.
• Serve as back-up to Loan Processor to advance loans through the pipeline as needed.

Post-Closing Duties and Responsibilities

• Ensure the property data is complete and accurate and the Note and Security Instrument are compliant with Fannie Mae/Freddie Mac requirements as deliverable documents.
• Submit case FHA VA case binders for review/approval.
• Ensure all closed loans are delivered according to investor lending policies by validating and verifying all information before file delivery; making sure credit and collateral are documented accurately throughout the file and associated systems.
• Assist in effectively communicating with investors to satisfy all post-closing and post-purchase audit discrepancies.
• Communicate any discrepancies found within a closed loan file with the Mortgage Loan Processor or Loan Officer and coordinate solutions for resolution.
• Retrieve all trailing documents from settlement agencies and county clerks' offices, ensure they are in compliance and deliver the investor within required time frames.
• Satisfy all internal and external audit requests within required time frames.

Requirements

Qualifications/Experience

• 2+ years experience closing and/or processing conventional, FHA, VA and FNMA loans preferred
• Knowledge of Reg B (ECOA), Reg C (HMDA), Reg X (TRID) and Reg Z (TILA) preferred
• Detail orientated to review information and documents for accuracy.
• Demonstrate strong communication and interpersonal skills, collaboration, and organization skills.
• Ability to prioritize and effectively manage time to meet deadlines.
• Positive attitude in an open, team environment, ability to adapt to change and work with others.
• Experience with Mortgage and/or Consuming Lending Software preferred
• High School diploma or GED equivalent

*This job description is not intended to cover or contain a comprehensive listing of activities, duties, or responsibilities required of employees in this position. Further, this job description should not be considered an employment contract. All employment is employment-at-will. We reserve the right to modify job duties or descriptions at any time.