Mortgage Loan Closer Job in Naugatuck 06770, Connecticut US
NAUGATUCK VALLEY SAVINGS AND LOAN
JOB DESCRIPTION
Job Title: Mortgage Loan Closer Reports to: Mortgage Operations and Servicing
Manager
Location: Main Office Status: Non Exempt
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Basic Functions:
Coordinates details of closing with borrower, broker, realtor/builder, seller and closing agent. Prepares and sends closing package to closing agent. Performs post closing audit and ships required document package to investors. Meets performance standards and goals established by the bank. Responsible for the management of the daily activities for mortgage loan closing functions. Typically possess mortgage, construction, and specialty product (FHA/VA) processing/closing experience. Ability to lead by influencing maximum efficiency, effectiveness, quality and, accuracy and customer service.
Qualifications:
Minimum Requirements: 5 years closing/shipping experience. Requires demonstrated interpersonal and leadership skills, working knowledge of federal and state mortgage compliance regulations, PC skills with a good working knowledge of relevant applications and project coordination skills.
Duties:
1. Ensure that loans are closed accurately in a timely manner and disbursement to closing agent while meeting benchmarks set by NVSL.
2. Responsible for monitoring closing/funding pipeline on a daily basis to ensure work flow is completed in a timely manner.
3. Document and keep track of special promotions.
4. Schedule loans for closing, verifying that all conditions have been satisfied.
5. Disburse mortgage and put online. Verify that all necessary information was transported
correctly into Customer Source.
6. Process check received from attorney and enter appropriate figures for FASB 91 Suspense.
7. Review applicant files and communicate with closing attorney for missing documentation
8. Schedule construction inspections and prepare construction advances.
9. Upon maturity of construction loan, convert to a regular amortized loan.
10. Compute and notify customers of rate changes.
11. Balance teller terminal weekly.
12. Calculate rate changes and APRs. Notify all parties of changes.
13. Compile monthly Mortgage Insurance reports.
14. Submit monthly remittance to FreddieMac.
15. Verify month-end GL accounts.
16. Pay taxes twice a year.
17. Control and check daily FASB 91 Suspense
NAUGATUCK VALLEY SAVINGS AND LOAN
JOB DESCRIPTION
Job Title: Mortgage Loan Closer Reports to: Mortgage Operations and Servicing
Manager
Location: Main Office Status: Non Exempt
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18. Package loans per investor requirements.
19. HMDA and other loan compliance.
20. Sell or cross sell bank products and services whenever possible
21. Perform other duties as assigned.
Equipment and Software
Ø ability to operate personal computer, calculator, telephone, fax machine
photocopier, various printers, currently used Bank hardware and software.
Physical Qualifications
Intellectual capacity sufficient to
Ø read or hear and comprehend specialized text.
Ø compose written reports and other documentation on lending related subjects.
Communications skills sufficient to
Ø understand, speak and read English.
Ø communicate or present written and oral materials in an understandable way.
Physical capabilities which include
Ø ability to extend one’s arm(s) in any direction.
Ø frequent close visual and mental attention required for job.
Ø ability to manipulate small objects precisely by whatever means.
Ø ability to express or exchange ideas by means of the spoken word, both
speak and hear.
Ø ability to be subject to substantial repetitive motions of the body or its parts.
Ø ability to lift up to 10 pounds occasionally and or a negligible amount of
lifting frequently or constantly to move objects.
Ø ability to sit, stand, or remain in one position for long periods of time
Ø work within one building primarily with only occasional reason to travel or
be outside on business.
Revised: April 12, 2011
This description covers major duties performed but is not intended to be all inclusive. Additional duties may be performed that would not alter the rating of the job. Job descriptions and duties may be modified when deemed appropriate by management.
Grade 10