Mortgage Loan Processor & Closer

Ffsbweb; Ottawa (IL); Presencial; USD 34.000 - 41.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical benefits

401(k) with employer matching

Paid holidays

Descripción de la vacante

First Federal Savings Bank in Ottawa, IL is seeking an experienced Mortgage Loan Processor/Closer to join our on-site team. The role handles processing and closing conventional, FHA, VA and construction loans with TRID compliance.

You will manage multiple loans, review documents for accuracy, coordinate with officers, underwriters and borrowers, and ensure timely disbursement. A minimum of three years in residential mortgage processing and closing is required.

Formación

• Minimum three years of hands-on residential mortgage experience, including processing and closing.

Responsabilidades

• Process residential mortgage loans from application through closing for conventional, FHA, VA, and construction loans.
• Prepare and review loan estimates and disclosures; coordinate conditions with loan officers, underwriters, borrowers, and other parties.
• Prepare, review, and issue closing disclosures in compliance with TRID and deadlines.
• Prepare closing documentation; verify terms, fees, figures, and instructions with settlement agents.
• Coordinate mortgage loan funding and ensure timely disbursement of loan proceeds.
• Complete loan boarding and setup in applicable systems after closing.
• Resolve closing documentation discrepancies identified in post-closing review.
• Maintain accurate loan records and communicate status and deadlines clearly.
• Manage multiple files with competing priorities and meet quality and compliance expectations.
• Perform other related duties as assigned.

Conocimientos

Residential mortgage processing

Mortgage closings

TRID disclosure requirements

Loan origination systems

Attention to detail

Time management

Herramientas

Encompass loan origination software

Descripción del empleo

Mortgage Loan Processor/Closer

First Federal Savings Bank | On-Site Position

First Federal Savings Bank is seeking an experienced Mortgage Loan Processor/Closer to join our team. The successful candidate brings hands-on residential mortgage processing and closing experience, works independently, and manages multiple loans accurately in a deadline-driven environment.

As a community bank serving customers for over 130 years, we value accuracy, organization, teamwork, and exceptional customer service.

Key Responsibilities

• Process residential mortgage loans, including conventional, FHA, VA, and construction loans, from application through closing; review documentation for accuracy, completeness, and compliance with applicable requirements.
• Prepare and review loan estimates and related disclosures when assigned processing duties, coordinate documentation and underwriting conditions with loan officers, underwriters, borrowers, and other parties.
• Prepare, review, and issue initial, revised, and final closing disclosures in accordance with applicable TRID requirements and disclosure deadlines.
• Prepare and review closing documentation and packages; verify loan terms, fees, figures, and closing instructions, and coordinate closing requirements with settlement agents and other parties.
• Coordinate and execute mortgage loan funding activities, including verifying funding conditions and documentation and arranging accurate, timely disbursement of loan proceeds.
• Complete accurate loan boarding and required loan setup in applicable systems following closing.
• Research and resolve closing-related documentation discrepancies and corrections identified during the separate post-closing review process.
• Maintain complete and accurate loan records; communicate status, documentation needs, and deadlines promptly and professionally.
• Manage multiple files and competing priorities independently while meeting established quality, service, and compliance expectations.
• Perform other related duties as assigned.

Required Qualifications

• Minimum three years of hands-on residential mortgage experience, including direct experience in both mortgage loan processing and closing.
• Demonstrated experience preparing closing disclosures, closing packages, and funding documentation and coordinating residential mortgage closings.
• Experience with conventional, FHA, VA, and construction mortgage loans.
• Working knowledge of TRID disclosure requirements, mortgage documentation, loan origination systems, and applicable lending regulations.
• Strong attention to detail, organizational skills, communication, time management, and problem-resolution abilities.
• Ability to manage multiple priorities, meet deadlines, and work independently with minimal supervision.

Preferred Qualifications

• Experience with Encompass loan origination software.
• Hands-on experience with mortgage loan funding and boarding.

Why Join First Federal?

• Monday-Friday schedule.
• Jean Fridays with a First Federal polo provided.
• Employee wellness program.
• Paid holidays, vacation, sick time, birthday, and work anniversary.
• Comprehensive benefits, including medical, dental, vision, life insurance, disability coverage, and a 401(k) with employer matching.

Compensation

Pay Range: $25.00-$30.00 per hour, depending on education and experience.

First Federal Savings Bank is an Equal Opportunity Employer. Submission of an application or resume is not a guarantee of employment.