Mortgage Closing Specialist: Compliance & Finalizing Loans

FNB Bank, Inc.

Mayfield (KY)

On-site

USD 48,000 - 64,000

Full time

4 days ago

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Job summary

FNB Bank, Inc. is seeking a Mortgage Loan Closing Specialist who prepares all consumer real estate mortgage closing documents for both portfolio and secondary market, ensuring the package is accurate and fully compliant for closing.

The role collaborates with borrowers, lenders and settlement agents to schedule closings, balance funding, review documents for RESPA, TILA, TRID, ECOA and HMDA compliance, and assemble loan sale packages for investors while maintaining thorough audit trails and

Qualifications

Minimum associate degree or 3 years' mortgage lending experience.
Ability to work independently with minimal supervision.
Solid background and knowledge of bank lending products, policies, procedures and regulations.

Responsibilities

Prepare and review closing documents including the Closing Disclosure, Note and Mortgages.
Review loan documentation for completeness, accuracy, and compliance with regulations, guidelines and company policies.
Coordinate with borrowers, lenders, and third parties to schedule closing dates and finalize loan packages.
Work with Settlement Agents to balance funding prior to closing.
Resolve any issues or discrepancies that may arise during the closing process.
Review closed mortgage loans and prepare loan packages for sale to secondary market investors.
Ensure all conditions are met for loan sale, including transfer of insurance, servicing rights, etc.
Complete Adverse Action task to include: typing the AA Letter, creating the AA document package, and updating the compliance log.
Assist with auditing and maintaining loan files to ensure accuracy and completeness.
Participate in ongoing training and development to stay updated on industry changes and best practices.