Mortgage Loan Closing Specialist

FNB Bank, Inc.; Mayfield (KY); On-site; USD 48,000 - 64,000; Full time

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.

Skills

Attention to detail

Mortgage software proficiency

Data entry/typing

Multitasking

Regulatory knowledge (RESPA, TILA, TRi

Education

Associate degree or mortgage lending experience

3 years mortgage lending experience

Job description

Description

JOB SUMMARY

The Mortgage Loan Closing Specialist is responsible for preparing all consumer real estate mortgage loan closing documents for both portfolio and secondary market as well as preparing the package for sell and shipping. They must ensure the documents are accurate to have a fully compliant mortgage loan package.

KEY RESPONSIBILITIES:

Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

• 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 the 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.

WORKING CONDITIONS:

• Environment: Work is primarily performed in a professional office setting, with standard business hours. Remote work is not an option for this position on a regular schedule.
• Hours: Regular full-time schedule, typically Monday through Friday, with occasional overtime during peak periods to ensure timely loan closings.
• Physical Requirements: The role requires extended periods of sitting at a desk, using a computer and telephone, and handling documentation. Minimal physical effort is required beyond typical office work.
• Travel: Limited travel may be necessary to attend training sessions and team meetings, or assist with closings at branch locations.
• Team Dynamics: Collaborative work with loan officers, underwriters, and other departments is integral to ensure accurate documentation and seamless closings.
• Stress Factors: May involve managing tight deadlines and handling multiple priorities during high-volume periods.

Requirements

REQUIREMENTS AND QUALIFICATIONS:

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

SKILLS & COMPETENCIES:

• Strong attention to detail with exceptional organizational abilities.
• Proficiency in mortgage-related software and knowledge of mortgage lending regulations, guidelines, and industry standards (e.g. RESPA, TILA, TRID, ECOA, HMDA)
• Minimum of 2-3 years of experience in mortgage lending closing, selling, shipping desired.
• Data entry, computer and typing skills.
• Ability to multitask and manage priorities in a fast-paced, deadline-driven environment.

At FNB our goal is to be a diverse workforce that is representative of the communities that we serve. All aspects of employment including the decision to hire, promote, discipline or discharge, will be based on merit, qualifications, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law. We are a VEVRAA federal contractor.