Mortgage Loan Closer

Old Fort Banking Company; Xenia (OH); On-site; USD 55,000 - 75,000; Full time

Job summary

Old Fort Banking Company seeks a Mortgage Loan Closer to manage the processing, administration, and closing of residential mortgage loans including 1st mortgages and HELOCs. You will verify documentation, order title work and appraisals, and ensure files meet signature and data requirements.

You will also prepare wire requests, enter data, and support the residential loan officer while maintaining compliance with bank guidelines. Strong communication and organizational skills are essential.

Qualifications

• Excellent communication, leadership, analytical and interpersonal skills

Responsibilities

• Process and close residential mortgage loans (1st mortgage and HELOC)
• Verify accuracy of loan documentation and signatures
• Assemble and verify loan documentation
• Order title work and appraisals
• Input loan data into the bank system
• Communicate with builders on construction draws
• Process loan draws and closing packages
• Ensure compliance with bank policies, procedures, regulatory and BSA requirements
• Provide administrative assistance to the residential loan officer and staff
• Answer inquiries concerning loan processing and information
• Remain accurate and handle high-stress situations
• Other duties as assigned

Skills

Communication skills

Leadership

Analytical skills

Interpersonal skills

Education

Associate or Bachelor’s degree preferred

Job description

Description

As the Mortgage Loan Closer you are responsible for processing, administration, and closing of residential mortgage loans through activities such as processing loan documentation by verifying the accuracy of completion, maintaining loan records and files. Request Appraisals and Title Work. Prepare wire request for closing packages. Review loan documents for accuracy. Enters loan data into computer system. Works with Builders on Construction Draws.

• Closes Residential mortgage loans for 1st mortgage and closes HELOC loans.


• Ensures that residential loan files contain documents with proper signatures, dates and other relevant data.


• Assembles and verifies accuracy of residential loan documentation.


• Processes 1st mortgage loans/ HELOC loans and orders Title and Appraisals.


• Checks documents for proper vesting, legal descriptions, closing dates and signatures.


• Provides administrative assistance to the residential loan officer and staff, including updating loan data for entry into the financial institution’s computers and assembling documentation for residential loans.


• Answers telephone and written inquiries concerning loan processing and information.


• Communicates with builders to verify completion of construction loans


• Completes loan draws for builders.


• Reviews completed loan closing packages, completes scans and transfers data to appropriate departments.


• Remain compliant with bank guidelines, policies, procedures, regulatory and BSA requirements.


• Good communication skills, good computer skills, accuracy, flexibility, ability to handle high stress situations, regular and predictable attendance, exercise discretion and good judgment, follow instructions.


• Other job duties as assigned.

Reasonable accommodation will be provided to qualified individuals with disabilities.

Requirements

• Associate or Bachelor’s degree preferred


• 1-3 years of mortgage experience preferred


• Excellent communication, leadership, analytical and interpersonal skills


• Knowledge of Finastra MortgageBot/Avista desired


• Ability to maintain confidentiality