Mortgage Loan Processor & Closer

First Federal Savings Bank; Ottawa (IL); On-site; USD 34,000 - 41,000; Full time

Job summary

First Federal Savings Bank in Ottawa, IL is seeking an experienced Mortgage Loan Processor/Closer to join our on-site team. The successful candidate will manage residential mortgages from application through closing, handling documentation with accuracy and meeting deadlines.

You will coordinate with loan officers, underwriters, borrowers, and settlement agents, prepare disclosures, review terms and funding conditions, and ensure TRID compliance.

Qualifications

• Minimum three years of hands-on residential mortgage experience.
• Experience preparing closing disclosures, packages, funding docs and coordinating closings.
• Experience with conventional, FHA, VA, and construction loans.
• Knowledge of TRID disclosures, loan origination systems, and lending regulations.
• Strong attention to detail, organization, communication and time management.

Responsibilities

• Process residential mortgage loans from application through closing; review for accuracy and compliance.
• Prepare and review loan estimates and disclosures; coordinate with officers, underwriters and borrowers.
• Prepare, review, and issue closing disclosures in line with TRID and deadlines.
• Prepare closing docs and packages; verify terms, fees, and instructions with settlement agents.
• Coordinate mortgage loan funding activities and timely disbursement of proceeds.
• Complete loan boarding and setup in applicable systems post-closing.
• Resolve closing-related discrepancies identified in post-closing review.
• Maintain complete loan records and communicate status and deadlines promptly.
• Manage multiple files and priorities independently while meeting quality and compliance standards.

Skills

Mortgage processing

Closing coordination

TRID compliance

Loan documentation

Encompass

Multitasking

Tools

Encompass

Job description

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.

Salary: $25.00 - $30.00 per hour