What are the responsibilities and job description for the Mortgage Loan Closer position at Citizens Bank?
Summary of Job Responsibilities:
The mortgage closer will be responsible for ensuring the timely and accurate closing of mortgage loans in accordance with company policies, investor guidelines, and regulatory requirements.
Essential Job Duties:
- Review loan approval and conditions to prepare for loan closing
- Coordinate with loan officers, processors, underwriters, and title companies to ensure all closing requirements are met
- Prepare closing documents accurately and in accordance with regulatory standards
- Verify loan documentation for completeness and accuracy
- Coordinate the scheduling of loan closings with borrowers, sellers, and settlement agents.
- Conduct final review of closing documents to ensure compliance with loan approval and regulatory requirements
- Ensure timely funding and disbursement of loan proceeds
- Resolve any issues or discrepancies identified during the closing process
- Maintain confidentiality and security of all borrower information and loan documentation.
Skills and Abilities Required:
- Ability to operate a personal computer (using various software), typewriter, calculator, scanner, mortgage loan origination system, copier, fax, and other office equipment.
- Ability to speak, read, and write English, enunciate clearly, and perform complex loan calculations.
- Mental/visual skills necessary to effectively and efficiently monitor personal computer and loan processor input.
- The ability necessary to gather data from several sources, prepare loan files and documents and positively represent the Bank during such contacts.
- Ability to maintain confidentiality of customer information, employee information and any Citizens Bank business practices, processes and procedures.
Minimum Requirements:
- A high school diploma or equivalent
- Minimum of 3 years' experience as a mortgage closer
- Thorough knowledge of mortgage loan closing procedures, documentation, and compliance requirements
- Strong attention to detail and ability to review complex documents accurately
- Excellent communication and interpersonal skills
- Proficiency in mortgage origination software, experience with Encompass a plus
- Ability to work efficiently under pressure and meet deadlines in a fast-paced environment.
Working conditions:
Good. Experiences little discomfort for heat, noise, dust, or other factors.
