Mortgage Closing Processor

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

Job summary

The Savings Bank (Circleville, OH) is seeking a Mortgage Closing Processor to oversee the closing and post-closing process, ensuring accuracy and completeness. You will coordinate closing dates, verify fees, prepare closing documents and disclosures, and ensure TRID compliance.

You will also support post-closing activities to meet investor requirements and serve as a back-up to the Loan Processor when needed. Strong attention to detail and regulatory knowledge are essential.

Qualifications

• 2+ years experience closing and/or processing conventional, FHA, VA and FNMA loans.
• 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.
• Experience with Mortgage and/or Consuming Lending Software preferred.
• High School diploma or GED equivalent.

Responsibilities

• Close and set closing dates with title companies and borrowers; ensure conditions are satisfied.
• Validate all lender and third-party fees and disbursements; prepare and send closing documents and disclosures; ensure TRID wait period compliance.
• Coordinate with banks, investors, real estate professionals, and partners; communicate closing status as needed.
• Serve as back-up to Loan Processor to advance loans through the pipeline when needed.
• Post-closing: ensure property data accuracy, comply with Fannie Mae/Freddie Mac requirements; deliver files according to investor policies.
• Verify and deliver all required documents; assist in audit responses and resolve discrepancies.

Skills

Attention to detail

Effective communication

Time management

Team collaboration

Regulatory awareness

Prioritization

Education

High School diploma or GED

Tools

Mortgage software

Job description

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.

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.