This position is primarily responsible for providing effective, efficient and timely ongoing support in the closing of residential and consumer loans.
Essential Functions:
- Provide professional, courteous, and efficient service to all internal and external customers while facilitating the loan closing process.
- Comply with federal and state banking regulations, as well as with all Bank and department policies and procedures.
- Efficiently navigate, verify and update loan data in the Bank’s loan origination system (LOS) and information within the Secondary Market investor’s website(s).
- Proficiently Calculate fees and charges including prorating real estate taxes, payoffs and other insurances associated with closing transactions.
- Effectively prepare and verify accuracy of Residential Loan documentation and Consumer/Collateral Loan documentation and assure regulatory compliance with HMDA, TRID, RESPA, Regulation Z, Regulation B, Flood and any other applicable regulations.
- Ensure the loan file includes proper title vesting, legal descriptions and appropriate title affidavits.
- Review and validate loan documentation and closing figures prepared by closing agents prior to closing.
- Book/Board portfolio loans onto the Bank’s core system, disburse loan funds into correct General Ledger accounts, pay third party vendor invoices and prepare and approve wires and/or checks for closing agents.
- Package Secondary Market closed loans for delivery to investor for sale.
- Process wire funds when received from Secondary Market investor(s).
- Ensure closed loans contain documents with proper signatures, dates and other relevant data to guarantee timely delivery of the file to Completion for QC Review.
- Monitor, complete and assist team members in reconciling General Ledger account inaccuracies as indicated by Accounting.
- Process incoming wire transfers as required.
- Complete HELOC check orders and deliver as requested.
- Actively assist in managing the closing pipeline and Closing Calendar requests.
- Other
Duties and Responsibilities:
- Attend all required staff meetings and trainings.
- Perform other miscellaneous duties or special assignments as required or assigned.
- Electronically file documents for recording at the Registry of Deeds and files UCC’s with the Secretary of State, as needed, or provide documents to the title attorney as required.
- Perform general filing, typing and extensive use of PC.
- Communicate with Loan Officers, real estate agents, attorneys, tax offices, customers and all other parties involved with loan closing.
- Serve on various committees as assigned.
