Mortgage Closer - Hills Bank

SCHEDULE :Full-time; Monday through Friday, rotating schedule (8:00 am - 4:30 pm) and (8:30 am - 5:00 pm). Average of 40 hours/week with overtime as needed.

LOCATION: 1009 2nd Street, Coralville, Iowa 52241

BENEFITS: Our employees are our most valuable assets, so we invest in them with a comprehensive and competitive benefits package. Our philosophy of taking care of the customer extends to taking care of our employees so that they, in turn, can take good care of themselves and their families. Join Hills Bank and let us surprise you with even more perks!

SCOPE:

A Mortgage Closer is responsible for coordinating and preparing closing documents for mortgage loan transactions in compliance with all state and federal regulations and policies, as well as secondary market and in-house product and program guidelines.

A successful closer must be organized, highly detailed oriented, and possess excellent time management skills in order to meet critical deadlines in a fast-paced work environment. Closers work closely and directly communicate with lenders, borrowers, realtors, attorneys, and operational staff. The ability to effectively communicate with others and provide a high level of customer service is required. As part of the overall bank team, the Closer may also be requested to help with department projects as necessary.

ACCOUNTABILITIES:

Loan Closings:

• Prepares and delivers Closing Disclosure:
  • Monitors individual pipeline and sends initial Closing Disclosure to borrower(s) in accordance with regulatory guidelines and timing requirements.
  • Re-discloses Change in Circumstance (CIC) when required with Closing Disclosure. Identifies when/if a new closing date is required. If necessary, informs lender of earliest closing date based on regulatory timing requirements.
  • Generates and distributes Final Closing Disclosure to borrower(s), lender, and various third parties for approval prior to closing.
• Prepares and delivers loan closing packages:
  • Requests buyer(s) numbers and seller(s) documents (deed package, closing numbers, etc.) from interested parties.
  • Reviews title work and all applicable supporting documents to ensure clear and marketable title is obtained.
  • Prepares loan documents in accordance with secondary market, in-house guidelines, and grant or down payment assistance programs.
  • Performs quality control on closing documents to ensure compliance of investor requirements and/or bank guidelines.
  • Compiles and delivers complete loan document package via efolder or hybrid eClose portal.

• Must take ownership and accountability in seeing that all closing documents are prepared in an efficient, accurate and professional manner with some assistance from manager as needed.
• Takes initiative, is resourceful and works to obtain proper documentation needed.
• Provides guidance to realtors, attorneys, and lenders concerning compliance and documentation requirements.
• Reviews loans to ensure accuracy of documentation, compliance with federal and state regulations and compliance with the Hills Bank loan policy.
• Provides superior customer service while building and maintaining relationships with lenders, borrowers, realtors, third party vendors and operational staff.

Ongoing Education/Other Duties:

• Expected to acquire extensive knowledge of internal software programs as they relate to the closing function.
• Maintain knowledge of current mortgage program guidelines including conforming, jumbo, first-time buyer, low-income, no verification and other niche programs, and their impact on loan analysis.
• Remain informed on changes to compliance regulations (HOEPA, HMDA, RESPA, TRID, etc.) to ensure closing documents meet compliance standards.

• Attend job related seminars, conferences and workshops to increase knowledge and proficiency.

• Perform other duties as assigned.

Quality Control:

• Assist with resolving secondary market suspensions by following up on missing documentation in the file.
• Work with supervisor, lenders, other departments, investors and auditors during routine exams and audits to compile the information necessary to satisfy the investor and auditor requests.

EDUCATION AND SPECIAL REQUIREMENTS:

• Associate's degree in a related field of study; or one to two years' of experience in mortgage loan closing; or equivalent combination of education and experience.
• Technical training in loan documentation and compliance issues preferred.
• This job requires skills needed in a typical office environment. This includes computer skills, communications skills, as well as utilization of office equipment.

EQUAL OPPORTUNITY EMPLOYER