What are the responsibilities and job description for the Residential Mortgage Loan Closer position at City National Bank of Florida?
Overview
Primary responsibility is to ensure the closing of residential mortgage loans (including conventional purchases/refinances; and construction loans) and the distribution of loan proceeds. Ensures service quality standards for timeliness, accuracy, and completeness are met. Performs pre-funding and post-closing reviews. Adheres to the bank's residential loan procedures and investor's loan and documentation policies and guidelines.
Principal Duties & Responsibilities:
Prepares and audits closing documents in a timely manner.
Ensures the data on processing/closing system is accurate.
Communicates with escrow/title companies, loan originators, and other parties to ensure all conditions and regulatory requirements are met before funding.
Receives and obtains approval of all title requirements such as Title Commitment, CPL, E & O, etc.
Review signed closing documents to approve the funding of the loan.
Prepares for the disbursement of funds as per the terms of the transaction.
Review funding reports to ensure loans are funded within appropriate timeframes.
Ensures the proper and timely processing of all loans.
Assists in shipping residential loans to investors (Flagstar).
Assists with post-closing review of all loans to ensure documentation requirements are adhered to.
Maintain in-depth knowledge of and ensure adherence to all conventional and government mortgage closing procedures, guidelines, regulations, and processes, and ensure compliance with requirements under TRID.
Qualifications
- 5-7 years experience in residential mortgage loan closing.
General knowledge of loan documentation and post-closing review.
Knowledge of collateral control, loan servicing requirements, compliance and secondary markets.
Familiar with the bank’s regulatory guidelines for consumer and residential lending.
Basic knowledge of mortgage loan (FNMA) requirements and guidelines.
Ability to organize and manage a large pipeline of loans.
Must be detail oriented;
Solid organizational and time management skills;
Ability to work independently and handle multiple priorities under pressure of deadlines and time restraints.
Ability to work cohesively and efficiently in a team environment.
Proficient with MS Office: Word, Excel, and Outlook.
Strong verbal and written communication skills.
Education
- High School Diploma or GED equivalent required.
Special Instructions to Candidates
- Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
- Please view Equal Employment Opportunity Posters provided by OFCCP here.
- The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
- Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.
