Mortgage Loan Closing Specialist II

Trustmark Bank

Panhandle (TX)

On-site

USD 50,000 - 80,000

Full time

14 days+

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Job summary

A leading bank is seeking a Mortgage Closer to assemble and review closing documents for mortgage loans. The ideal candidate will have extensive knowledge in federal mortgage regulations and a strong attention to detail. This full-time position in the Panhandle, TX area demands excellent communication and organizational skills to ensure compliance and accuracy throughout the closing process.

Qualifications

2-5 years experience in mortgage loan closing preferred.
Knowledge of CFPB regulations and TRID guidelines.
Experience processing home mortgage loan products.

Responsibilities

Prepare and review loan-closing documents ensuring compliance.
Review closing details to meet state and federal regulations.
Provide technical assistance as needed.

Skills

Detail-oriented

Strong communication

Time management

Analytical thinking

Independent judgment

Education

High School Education

2 years college education

Job description

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Overview

Mortgage Closers assemble, prepare and review critical closing documents for mortgage loans. They work with the production staff and settlement agent in preparing and providing the required closing documents in a timely manner to the customer applying for the mortgage loan. If the mortgage loan is approved, the Mortgage Closer completes the closing process by ensuring that all documents are correct, compliant, and meets the terms of the loan.

Responsible for preparing all loan-closing documents, and ensuring that they are accurate in order to have a fully compliant mortgage loan. They carefully review all documents for any errors, and confirm that pricing and program are correct to insure loan will be funded.
Mortgage Closers review all closing details to ensure compliance with state and federal regulations. They also make sure that all terms of the loan are met, including the requirements of the underwriter. They work with borrows and title companies on any outstanding closing conditions required to fund the loan.
Review additional documents such as the termite report, survey (when applicable), all legal descriptions, flood certifications, hazard/flood insurance policies, title commitments for liens, title deficiencies or requirements that must be cleared prior to closing.
Provide technical assistance to Closing Coordinator and Funding Specialist when needed.
Perform additional duties as assigned.

Qualifications

Knowledge of Federal mortgage programs and products.
Extensive knowledge in CFPB regulations and TILA-RESPA Integrated Disclosure (TRID) guidelines.
Knowledge of the Investor guidelines (FNMA, FHLMC, GNMA, USDA, FHA, VA)
Knowledge of title insurance guidelines
Knowledge of Federal Laws and regulations concerning Real Estate Lending for AL, MS, TN and TX.
Detail-oriented and extremely well organized
Meticulous and focused analytical thinker
Strong business acumen, excellent communication, and conflict-resolution skills
Strong oral and written communication skills, with a customer-service focus
Excellent time-management skills
Basic computer skills
Mortgage industry experience
Ability to make independent judgment calls based on knowledge of federal and state regulatory requirements
Advanced math and calculation skills
Pipeline Management experience – the ability to manage not only the closing process, but the post-closing process in which deficient documents require correction and customer acceptance.
Ability to generate reports that provide information to assist with the management of their loans in closing and post-closing until the loan is delivered to the respective agency/investor
Experience processing or closing home mortgage loan products, including data analysis and validation
Act as Point of Contact
High School Education
2 years college education
3-5 years’ experience preferred in mortgage loan closing with extreme emphasis in closing loans through the new TRID guidelines and regulations. This experience can be either with a bank, mortgage company, or title company/settlement agent.

Physical Requirements/Working Conditions: Must be able to sit for long periods of time and use computer keyboard and/or mouse, while viewing computer screens.

Note: This is a brief description of this position and is not limited to those described herein. Management retains the right to add, delete or modify any of these responsibilities at any time during employment.

Seniority level