Mortgage Loan Closer

Overview

The Mortgage Closer position monitors and manages the closing of mortgage files to title companies. This role has knowledge of the mortgage loan process and performs the due diligence needed to ensure closings are complete and accurate. The closer maintains a client focus and partners with mortgage closers, mortgage processors, underwriting, compliance, and sales team members to deliver a superior client experience.

About The Role

Alerus is a commercial wealth bank and national retirement provider with a core purpose of helping clients achieve their financial goals. We value collaboration, innovation, adaptability, and an entrepreneurial spirit, and we are proud to be recognized as a Top Workplace by industry outlets.

What You’ll Be Doing

• Review closing file for completeness and accuracy, including purchase agreement, appraisal, title, and property insurance.
• Prepare and deliver closing instructions.
• Ensure all Investor/Agency requirements are met.
• Verify and update applicable fees and prepare funding documentation.
• Data input including vesting and property details, closing conditions, investor specific data, 4506C data entry, and FHA/VA/USDA/BOND documentation entry.
• Coordinate final approval and closing conditions with Title Companies.
• Prepare balance sheet for loan funding and reconcile proceeds from closing.
• Ability to close multi-state loans meeting state-specific lending guidelines.
• Assist with work escrow release requirements.
• Obtain, review, and clear required approval conditions.
• Prepare fees, monitor, and track closing disclosures.
• Identify and implement process improvements that enhance the client experience and build scale.

What You Should Have

• Minimum of 3 years mortgage closing experience or equivalent mortgage experience.
• High-level commitment to accuracy and detail.
• Demonstrate the ability to manage high-volume, time-sensitive transactions and situations.
• Ability to carry out the work of mortgage programs and projects, including availability to work after hours to support business needs.

What We Bring To The Table

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs, including flexible time off, holidays, parental and bereavement leave.
• Learning and development resources for career growth and advancement opportunities.
• Access to financial experts for guidance and discounts on Alerus products and services.
• Volunteer time and a company donation match opportunity.

Work Environment

Work is typically performed in an office setting. The employee is regularly required to sit for extended periods and may move about the office. The employee may lift or move supplies up to 20 pounds.

Base Pay Range

$26.00 - $31.00 per hour

The above information is intended to indicate the general nature and level of work performed by employees in this position. It is not designed to be an exhaustive list of all responsibilities, duties, and qualifications.

Alerus is an equal opportunity employer and values diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Mid-Senior level

Full-time

Finance and Sales

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