Mortgage Loan Closer

Old Fort Banking Co; Xenia (OH); On-site; USD 42,000 - 65,000; Full time

Job summary

Old Fort Banking Co. is seeking a Mortgage Loan Closer to process, administer, and close residential mortgage loans, including 1st mortgages and HELOCs.

The role involves verifying documents, ordering appraisals and title work, and ensuring accurate data entry and file completion. Responsibilities include closing loans, assembling packages, and communicating with builders for construction draws while maintaining compliance with banking policies and BSA requirements.

Qualifications

• 1-3 years of mortgage experience preferred
• Excellent communication, leadership, analytical and interpersonal skills
• Knowledge of Finastra MortgageBot/Avista desired

Responsibilities

• Process and close residential mortgage loans, including 1st mortgages and HELOCs
• Review loan documents for accuracy and proper execution
• Assemble, verify and file loan documentation with signatures and dates
• Order title work and appraisals; prepare wire requests for closing packages
• Enter loan data into systems and ensure data integrity
• Communicate with builders on construction draws and status updates
• Complete loan closing packages, scans and transfers to relevant departments
• Maintain regulatory compliance with bank guidelines and BSA requirements

Skills

Communication

Leadership

Analytical skills

Interpersonal skills

Education

Associate degree

Bachelor’s degree

Tools

Finastra MortgageBot

Avista

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