Northwest Bank
Job Description
The Distributed Mortgage Loan Closer is responsible for coordinating all of the steps of the mortgage loan closing process.
Essential Functions Communicate with customers, realtors, title companies, attorneys and settlement agents to schedule closings, responding to inquiries, resolving issues and obtaining any documentation required to complete the loan file
Accurately complete all data input into Mortgage origination system for preparation of closing documents
Ensure total data/document integrity
Manage a pipeline of working loan files to ensure loans are closed in a timely manner
Interact with Mortgage Loan Originators (MLOs), Loan Production Assistants, and other members of the fulfillment team on a daily basis
Review loan files and accurately completing all data input into mortgage origination system for preparation of closing documents
Clear "prior to fund" conditions
Prepare closing instructions and TRID compliant closing documents
Work with Funding, Post-Closing, and Secondary marketing staff to facilitate the completion of loans and file delivery to investors or bank servicing
Maintain current knowledge of mortgage loan programs, procedures, and guidelines
Ensure compliance with Northwest's policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Ensure compliance with third party agencies and vendors
Qualifications
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.
Work Experience 3 - 5 yearsof experience in the mortgage industry
2 - 6 years of experience demonstrating success in closing/funding mortgage loans for a financial institution
General Employee Knowledge, Skills, and Abilities
* Ability to establish effective working relationships among team members and participate in solving problems and making decisions * Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written * Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information * Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information * Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas
Additional Knowledge, Skills and Abilities Knowledge of banking industry laws, regulations, and the retail origination process.
Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans and knowledge of FHA/VA insuring preferred.
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
Essential Functions Communicate with customers, realtors, title companies, attorneys and settlement agents to schedule closings, responding to inquiries, resolving issues and obtaining any documentation required to complete the loan file
Accurately complete all data input into Mortgage origination system for preparation of closing documents
Ensure total data/document integrity
Manage a pipeline of working loan files to ensure loans are closed in a timely manner
Interact with Mortgage Loan Originators (MLOs), Loan Production Assistants, and other members of the fulfillment team on a daily basis
Review loan files and accurately completing all data input into mortgage origination system for preparation of closing documents
Clear "prior to fund" conditions
Prepare closing instructions and TRID compliant closing documents
Work with Funding, Post-Closing, and Secondary marketing staff to facilitate the completion of loans and file delivery to investors or bank servicing
Maintain current knowledge of mortgage loan programs, procedures, and guidelines
Ensure compliance with Northwest's policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Ensure compliance with third party agencies and vendors
Qualifications
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.
Work Experience 3 - 5 yearsof experience in the mortgage industry
2 - 6 years of experience demonstrating success in closing/funding mortgage loans for a financial institution
General Employee Knowledge, Skills, and Abilities
* Ability to establish effective working relationships among team members and participate in solving problems and making decisions * Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written * Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information * Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information * Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas
Additional Knowledge, Skills and Abilities Knowledge of banking industry laws, regulations, and the retail origination process.
Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans and knowledge of FHA/VA insuring preferred.
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.