Morris Bank
Job Description
Job Description SUMMARY Responsible for coordinating all phases of loan closing, including preparing loan closing packages, communicating with all parties involved in the transaction and ensuring that all paperwork is complete, accurate and in compliance with legal regulations. ESSENTIAL FUNCTIONS
Collaborate with mortgage processor, originator, and the investor to ensure loan closing. Verify and finalize a compliant closing package necessary for various mortgage loan types in accordance with Bank and Investor guidelines, as well as Secondary Marketing commitments and requirements. Ensures all prior-to-closing conditions have been cleared and approved by underwriting. Communicate with the processor, MLO, Attorney/Title Company, Insurance Companies and other related parties to obtain anything necessary to ensure the most efficient closing process. Monitors loan status on a continual basis to ensure that timely/quality standards are achieved. Advise all parties about any changes or issues that may occur to ensure high quality standards and outstanding customer service. Performs a pre-closing quality review of loan files to ensure a clear-to-close has been issued by the investor before authorizing the closing. Reviews all preliminary closing documents provided by the investor for accuracy prior to the release of the closing package and funding to the attorney/title company. Complete all disbursement procedures for issuing closing funds to attorneys/title companies. Responsible for clearing up any post-closing conditions that are required, to ensure loan is purchased by the investor. Keep the loan calendar up to date with active mortgage closings. Complies with Banks Policies and Procedures, as well as regulatory compliance. Perform duties as defined in the Bank Secrecy Act/Anti-Money Laundering Program Performs other duties as assigned. REQUIRED EDUCATION, EXPERIENCE AND SKILLS High School Diploma or equivalent required, bachelor's degree preferred. Two years of real estate mortgage processing, lending, or closing experience preferred; Years of experience with banking or financial services funding also accepted. Knowledge of mortgage industry regulations from origination to post-closing; as well as an understanding of loan products such as Conventional, FHA, USDA, and VA are desired. Knowledge of real estate lending criteria, compliance, federal/state regulations. Excellent written and verbal communications skills are essential. Strong analysis, time management and organizational skills desired. Must have MS Office experience, lending or title software; NMLS experience is a plus. Ability to perform in a fast-paced environment typical of Mortgage Banking. Excellent Customer Service Skills, including presenting a professional image in dealing with customers, inter-departmental and external representatives. Ability to work under deadlines and ability to prioritize. Strong attention to detail, good judgment and decision-making skills. Must be a team player but also possess the ability to exercise personal and professional responsibility and work under minimum supervision. POSITION SPECIFIC COMPETENCIES: Responsiveness- Responsiveness is consistently at a high level. Effectively anticipates and meets the needs of internal and external customers, always with a positive attitude. Accountability- Always is totally accountable for the performance and actions of self or team. Completely understands job requirements and works in accordance with expectations. Assumes full responsibility for duties, assignments, and timelines Policy Compliance- Demonstrates an excellent understanding of organizational policies and guidelines. Complies very willingly and without exception. Acts as an example to other employees. Takes initiative to improve compliance practices. Dependability- Always completes assignments timely and thoroughly. Frequently works beyond expectations demonstrating exceptional initiative. Attention to Detail- Accuracy and attention to detail are exceptional. Assignments are completed carefully and in full accordance with specific instructions. Exceptional quality standards are maintained in the recording of numerical data and organizational information. Grammar, spelling, and punctuation are flawless. PHYSICAL REQUIREMENTS Must be capable of operating all types of office equipment including computer, copy machine, fax and telephone. EQUIPMENT USED Computer, telephone, fax machine, scanner, copier, printer SUPERVISORY REQUIREMENTS:
None WORKING CONDITIONS Requires incumbent to remain sedentary within office. Requires travel to other branches, offices (including realtors and attorney offices) to provide assistance and/or attend meetings. Also, travel for seminars and training is required. May occasionally lift and/or move up to 10 pounds. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations can be made to enable individuals with disabilities to perform the essential functions. This job description is not intended to be and should not be construed as an all-inclusive list of the responsibilities, skills, or working conditions associated with the position. While this job description is intended to accurately reflect the position's activities and requirements, management reserves the right to modify, add, or remove duties and assign other duties as necessary.
Job Description SUMMARY Responsible for coordinating all phases of loan closing, including preparing loan closing packages, communicating with all parties involved in the transaction and ensuring that all paperwork is complete, accurate and in compliance with legal regulations. ESSENTIAL FUNCTIONS
Collaborate with mortgage processor, originator, and the investor to ensure loan closing. Verify and finalize a compliant closing package necessary for various mortgage loan types in accordance with Bank and Investor guidelines, as well as Secondary Marketing commitments and requirements. Ensures all prior-to-closing conditions have been cleared and approved by underwriting. Communicate with the processor, MLO, Attorney/Title Company, Insurance Companies and other related parties to obtain anything necessary to ensure the most efficient closing process. Monitors loan status on a continual basis to ensure that timely/quality standards are achieved. Advise all parties about any changes or issues that may occur to ensure high quality standards and outstanding customer service. Performs a pre-closing quality review of loan files to ensure a clear-to-close has been issued by the investor before authorizing the closing. Reviews all preliminary closing documents provided by the investor for accuracy prior to the release of the closing package and funding to the attorney/title company. Complete all disbursement procedures for issuing closing funds to attorneys/title companies. Responsible for clearing up any post-closing conditions that are required, to ensure loan is purchased by the investor. Keep the loan calendar up to date with active mortgage closings. Complies with Banks Policies and Procedures, as well as regulatory compliance. Perform duties as defined in the Bank Secrecy Act/Anti-Money Laundering Program Performs other duties as assigned. REQUIRED EDUCATION, EXPERIENCE AND SKILLS High School Diploma or equivalent required, bachelor's degree preferred. Two years of real estate mortgage processing, lending, or closing experience preferred; Years of experience with banking or financial services funding also accepted. Knowledge of mortgage industry regulations from origination to post-closing; as well as an understanding of loan products such as Conventional, FHA, USDA, and VA are desired. Knowledge of real estate lending criteria, compliance, federal/state regulations. Excellent written and verbal communications skills are essential. Strong analysis, time management and organizational skills desired. Must have MS Office experience, lending or title software; NMLS experience is a plus. Ability to perform in a fast-paced environment typical of Mortgage Banking. Excellent Customer Service Skills, including presenting a professional image in dealing with customers, inter-departmental and external representatives. Ability to work under deadlines and ability to prioritize. Strong attention to detail, good judgment and decision-making skills. Must be a team player but also possess the ability to exercise personal and professional responsibility and work under minimum supervision. POSITION SPECIFIC COMPETENCIES: Responsiveness- Responsiveness is consistently at a high level. Effectively anticipates and meets the needs of internal and external customers, always with a positive attitude. Accountability- Always is totally accountable for the performance and actions of self or team. Completely understands job requirements and works in accordance with expectations. Assumes full responsibility for duties, assignments, and timelines Policy Compliance- Demonstrates an excellent understanding of organizational policies and guidelines. Complies very willingly and without exception. Acts as an example to other employees. Takes initiative to improve compliance practices. Dependability- Always completes assignments timely and thoroughly. Frequently works beyond expectations demonstrating exceptional initiative. Attention to Detail- Accuracy and attention to detail are exceptional. Assignments are completed carefully and in full accordance with specific instructions. Exceptional quality standards are maintained in the recording of numerical data and organizational information. Grammar, spelling, and punctuation are flawless. PHYSICAL REQUIREMENTS Must be capable of operating all types of office equipment including computer, copy machine, fax and telephone. EQUIPMENT USED Computer, telephone, fax machine, scanner, copier, printer SUPERVISORY REQUIREMENTS:
None WORKING CONDITIONS Requires incumbent to remain sedentary within office. Requires travel to other branches, offices (including realtors and attorney offices) to provide assistance and/or attend meetings. Also, travel for seminars and training is required. May occasionally lift and/or move up to 10 pounds. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations can be made to enable individuals with disabilities to perform the essential functions. This job description is not intended to be and should not be construed as an all-inclusive list of the responsibilities, skills, or working conditions associated with the position. While this job description is intended to accurately reflect the position's activities and requirements, management reserves the right to modify, add, or remove duties and assign other duties as necessary.