Mortgage Loan Closer
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Job Summary
We have a great team of friendly talented and inspiring people at First United. As a learning organization we take pride in offering exciting opportunities for employees to grow and follow their passions. Thats one of the many reasons First United has been voted as one of the top places to work in Oklahoma since 2009! Browse this page to find out more about the First United culture and the many benefits of working here. Then use our Get Started section to take your first step to being a part of First United.
This position is responsible for the closing duties associated with First United Bank mortgage loans according to all bank investor and regulatory requirements.
MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)
File Auditing: Audit the mortgage loan file for accuracy and review underwriting approvals for clear-to-close and specific closing/funding conditions.
Data Verification: Verify that the lock loan approval fees and current loan entry program data all match completely.
System Management: Ensure the loan is correct within the loan entry program complete all required closing fields and log file progress in the conversation log or loan story during every interaction.
Title Coordination: Prepare and send closing instructions invoices insurance and relevant file items to the title company 24 hours prior to closing.
Closing Disclosure (CD) Management: Review title company CDs secure MLC approval on figures issue initial CDs to borrowers and handle Changes of Circumstance (COC) CDs when applicable.
Document Preparation: Prepare review and send final closing documents to the title company while maintaining strict compliance and accuracy.
Funding Operations: Verify wiring instructions initiate wire transfers send expedited funding authorizations to title and successfully complete all funding checklist items.
Communication & Collaboration: Provide consistent file status updates to the MLC and Loan Assistant and assist the post-closing and shipping departments with missing documents or file issues.
ADDITIONAL DUTIES AND RESONSIBILITIES
- Performs other duties as assigned by supervisor.
- Completes all required compliance exams on a yearly basis.
- Adherence to all First United Policies and Procedures.
- Dresses professionally.
- Recommends to supervisor possible methods to improve department.
EMPLOYEE SPECIFICATIONS
To perform this job successfully an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and Work Experience
- Minimum of five years experience in a loan production environment
- Minimum of two years experience closing FHA VA FNMA non-conforming and conventional loans
Technical/Functional Competencies
- Experience with ENCOMPASS loan origination and fulfillment software a plus
- Experience with Microsoft Word Excel and Outlook
- Teamwork and customer service skills a must
- Strong written and verbal communication skills
- Strong ability to build and maintain relationships with other departments
NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by supervisor to meet the ongoing needs of the organization.
If any applicant is unable to complete an application or respond to a job opening because of a disability please email us at for assistance.
