Closing Specialist

The Closing Specialist performs a variety of duties to ensure accurate and complete documentation on closed loan files. This position will be responsible for preparation of closing documents, final figures, and funding for loans.

With $1.9 billion in assets, over 200 employees and 16 banking and lending locations throughout the Merrimack Valley and Southern New Hampshire, Lowell Five Bank is honored to play a vital role in the economic vitality of the region. Our employees are engaged in myriad community boards and organizations with the Banks support. We are proud of the longevity of our employees, and we are committed to finding new talent for our team.

We offer career development and educational programs to support personal and professional growth along with a benefit package that supports each employees best life.

• Coordinates loan closings with attorneys when they are cleared to close.
• Prepares Closing Disclosures in adherence to regulatory and Bank guidelines, which includes obtaining approval from the respective attorneys and following up with the clients for acknowledgments.
• Reviews residential mortgage files and commercial loan closing packages to ensure accuracy and completeness.
• Prepares balance sheets, confirms disbursement amounts roves settlement statement, verifies the net funding amount, and prepares funding requests.
• Prepares checklists for closed loan packages; notifies attorneys of errors and track receipts of corrected documents.
• Perform other duties as assigned.

• Minimum of two years experience in real estate loan closing strongly preferred.
• Working knowledge of various legal closing documents and TRID regulations.
• Willingness and aptitude to learn new systems is required to support Bank growth and expansion of services; working knowledge of Microsoft Office is required and Finastra and/or Epic system(s) is preferred.
• Detail-oriented with strong organizational skills.
• Ability to multi-task, prioritize, and meet deadlines under variable conditions.
• Flexibility and ability to adapt to change.
• Ability to build and maintain relationships and work effectively with the team.
• Strong communication and customer-service skills.
• High degree of initiative, dependability, and ability to work independently.
• Must be willing and able to report to Headquarters in Tewksbury five full days a week.