Mortgage Loan Post Closer

First Merchants Brand; Daleville (VA); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance

401k

Health Savings and Flexible Spending

Vacation/Sick Time

Paid Holidays

Tuition Reimbursement

Additional Benefits

Job summary

First Merchants Bank is seeking a Mortgage Loan Post Closer to join our team. This role will package closed loans for delivery to applicable investor in a complete and salable package.

Responsibilities include organizing loan files, reviewing completeness, updating funding information, validating HMDA data, curing deficiencies, and delivering files to investors. A minimum of one year mortgage loan processing experience is required, along with a high school diploma or GED.

Qualifications

• High school diploma or equivalent (GED).
• A minimum of one year of mortgage loan processing, post production or related experience.

Responsibilities

• Organize and “stack” mortgage loan files for the applicable loan type.
• Review and validate loan file for completeness to eliminate/cure deficiencies.
• Prepare and assignments as needed.
• Update system with funding information.
• Validate HMDA information.
• Cure any and all deficiencies on a loan file.
• Track and follow up on investor funding.
• Scan and deliver completed loan file to investor.

Skills

Mortgage loan processing

Education

High school diploma or equivalent

Job description

Description

First Merchants Bank is seeking a Mortgage Loan Post Closer to join our team! This position will package closed loans for delivery to applicable investor in a complete and salable package.

As part of this role you will:

• Organize and “stack” mortgage loan files for the applicable loan type.
• Review and validate loan file for completeness to eliminate/cure deficiencies.
• Prepare and assignments as needed.
• Update system with funding information.
• Validate HMDA information.
• Cure any and all deficiencies on a loan file.
  • Analyze deficiency for accuracy.
  • Determine if documentation to cure currently exists.
  • Determine if alternate documentation to cure currently exists.
  • Work with appropriate team member to cure deficiencies as needed.
  • Work with the closing agent and/or customer to cure deficiencies as needed.
• Track and follow up on investor funding.
• Scan and deliver completed loan file to investor.

In order to be successful in this position, we require the following:

• High school diploma or equivalent (GED).
• A minimum of one (1) year of mortgage loan processing, post production or related experience.

First Merchants offers the following:

• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Tuition Reimbursement
• Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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