Mortgage Loan Closer

Tri City National Bank; West Allis (WI); On-site; USD 33,000 - 41,000; Full time

Benefits offered by this job

401(k) with company match

Tuition reimbursement

Medical, dental, and vision coverage

Paid vacation

Job summary

Tri City National Bank is hiring a Mortgage Loan Closer in West Allis, WI to manage a timely loan-closing pipeline and support team members. The role involves preparing closing documents for various loan types using Mortgagebot/IDS or LaserPro and ensuring compliance with state and federal rules.

The ideal candidate has 3+ years of consumer mortgage closing experience, strong analytical skills, and the ability to coordinate with processors, underwriters, and legal staff.

Qualifications

• 3+ years of consumer mortgage closing experience.
• Advanced understanding of mortgage closings and problem resolutions.
• Proficiency in typing and computer software.

Responsibilities

• Close loans in coordination with processor, loan officer and underwriter.
• Train and mentor new and existing team members.
• Prepare loan closing documents for purchase, refinance, construction, and mortgage loans using Mortgagebot/IDS or LaserPro.
• Retain knowledge of secondary mortgage lending and government loans.
• Resolve issues with compliance and legal counsel.
• Update policies and procedures and ensure the procedures manual is current.
• Ensure accurate preparation and delivery of loan documents.
• Review loan files for completeness before closing package.
• Monitor TRID rules and disclosures for accuracy and tolerances.
• Communicate with all parties to avoid or resolve problems.
• Complete HMDA information on all files.
• Assist with post-closing duties and reports.

Skills

Mortgage closing

Regulatory compliance

Analytical skills

Education

High school diploma or equivalent

Tools

Mortgagebot/IDS

LaserPro

Job description

Overview

Invest In You! Tri City National Bank is not just a bank; it's your community banking partner, deeply committed to prioritizing customers, building strong relationships, and fostering a sense of belonging. Our team-oriented environment offers exceptional opportunities for personal and professional growth, celebrating success, and providing excellent benefits along the way. We believe in unparalleled customer service and the right banking solutions to help fulfill financial dreams and contribute to community growth.

The Mortgage Loan Closer is responsible for managing a pipeline to ensure all loans are closed in a timely manner and in accordance with the bank's and/or investor's requirements. Additional responsibilities include serving as a resource for other less experienced colleagues and providing support and training on loan policy and procedures as well as on loan closing software utilized for all Loan Closer's functions.

Compensation: $24.00 - $30.00 per hour depending on experience.

This position is located on-site in West Allis, WI.

Responsibilities

• Collaborates with loan processor, loan officer, loan underwriter to ensure loan closing.
• Trains, mentors, and provides leadership to new and existing team members.
• Prepare loan closing documents for purchase, refinance, construction, consumer mortgage loans using Mortgagebot/IDS or LaserPro in accordance with compliance guidelines.
• Retains up to date knowledge of secondary mortgage lending and government loans
• Responsible for resolving problems and working independently with the bank's compliance department and legal counsel.
• Assists in the training and implementation of new policies and procedures while ensuring that the procedures manual is current.
• Assists the department to ensure the accurate and efficient preparation and delivery of the loan documents
• Reviews loan file for completeness and in accordance with underwriter's approval prior to preparation of closing package.
• Monitors high-cost loans and TRID regulations including review of the Loan Estimate and Closing Disclosure for accuracy and adherence to the 0% and 10% tolerance rules.
• Communicates professionally and proactively with all internal and external parties involved in the loan closing to avoid and/or resolve problems.
• Accurately completes HMDA information on all assigned loan files.
• Assists team with post-closing job duties.
• Assists with weekly and monthly reports.
• All other duties as assigned.

Qualifications

• 3+ years of consumer mortgage closing experience.
• Knowledge, skill, and mental development equivalent to the completion of four years of high school education or equivalent, with advanced education a plus, work requires proficiency in typing and computer software.
• Requires an advanced understanding of mortgage closings and problem resolutions. This level of experience is normally acquired during two years of experience in a residential mortgage department or other relevant experience in the financial services industry, as well as an understanding of how it relates to other departments.
• A high level of analytical ability is required to gather and integrate data to create the loan closing documentation, checks and GL tickets.
• Demonstrate advanced understanding of federal and state consumer compliance regulations as they relate to disclosing and closing residential mortgage loans.
• Exceptional organization and communication skills. Must have the ability to prioritize multiple work assignments, work independently, remember, and recall a wide variety of information regarding consumer mortgage lending requirements.
• The ability to manage high-stress situations and maintain a high level of energy.
• Ability to maintain confidentiality of customer files.
• Requires constant alertness and continuous mental application where attention to detail and accuracy is essential.
• Involves regular contact with the Central Mortgage Loan Processing Department, Central Mortgage Loan Underwriting Department and Loan Originators on matters requiring courtesy, tact, and the ability to exchange information on factual matters. Also requires good judgement and proper conduct to avoid friction and dissatisfaction and to maintain harmonious relationships.

Why Join Us:

• Community Impact: Be part of a local bank deeply rooted in community values, contributing to the growth and prosperity of our neighborhoods.
• Innovation: Embrace a dynamic and evolving work environment that encourages fresh perspectives and continuous learning.
• Career Growth: Unlock future opportunities for personal and professional development as you navigate through our Pathways for Success.
• Celebration of Success: Join a team that values and celebrates individual and collective achievements.
• Work Life Balance: No early mornings or late nights, enjoy a predictable schedule with major holidays off.
• Great Employee Benefits that start on the 1st of the month after your hire date!
  • Part-Time:
    • 401(k) with company match**
    • Up to 20 hours of paid vacation after 6 months
  • Full-Time:
    • 401(k) with company match
    • Tuition reimbursement
    • Medical, dental, and vision coverage
    • Paid vacation and more!

Equal Opportunity Employer/Veterans/Disabled

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

Reasonable Accommodation

If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact Human Resources at 414-761-1610 or [e-mail]

(**Must be 21 to enroll in 401(k), and must work an average of 20+ hours per week in order to be eligible for paid vacation.)