Mortgage Loan Post Closer

First Merchants Brand; Michigan; On-site; USD 42,000 - 62,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401k

Health Savings and Flexible Spending

Vacation/Sick Time

Paid Holidays

Paid Parental Leave

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 investors and ensure a complete, salable file, based at the Daleville Data Center in Daleville, Indiana.

You will organize and stack mortgage loan files, review for completeness, update funding info, validate HMDA data, cure deficiencies, and track investor funding to ensure timely delivery.

Qualifications

• High school diploma or GED is required.
• At least 1 year of mortgage loan processing or related experience.

Responsibilities

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

Skills

Mortgage loan processing

Education

High School Diploma or GED

Job 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. This position is based at the Daleville Data Center in Daleville, Indiana.

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:

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• 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."