Loan Closer

Overview

Mauch Chunk Trust Company Job Description

Job Title:

Loan Closer - Consumer Loans

Revision Date:
July 2024

Reports to:

Loan Operations Manager

Schedules loan closings, compiles and prepares closing documents:
Reviews approved loans to ensure conditions are met. Works with title companies and clients to get loans to closing and funded.

• Prepares all required loan documents, including, but not limited to Promissory Note, Mortgage, TRID Disclosures, Closing Disclosures, lien paperwork; prepares appropriate disclosures and any other documents necessary for closing.
• Coordinates with the underwriter to ensure that all underwriting requirements are met.
• Ensures compliance requirements are met as defined in company policies and procedures and state/federal laws and regulations.
• Verifies accuracy and consistency of documents, such as title abstract and insurance forms.
• Reviews closing instructions; determines charges to be collected at closing such as appraisal/inspection fees, credit report charges, recording and title insurance costs, etc.
• Issues closing instructions; assists with post-closing communication.
• Coordinates with the title company to issue the loan proceeds and fund the loan.
• Verifies employment of clients.
• Communicates with bankers and clients to set up closing and funding for home equity lines, loans, auto loans, personal loans, and mortgage refinances.
• Calls borrower, broker, and other specified individuals to arrange time and date for closing of mortgages.
• Maintains production tracking information within the designated software system for pipeline management.
• Maintains working knowledge of Mortgage bot LOS and Laser Pro for loan documentation.
• Prepare and notarize all satisfaction pieces and paid off loan files.
• Other duties as assigned.

• Back up to other loan department positions including but not limited to loan processing.

• Ability to perform duties independently with some direction
• Operates various office equipment
• Digital dexterity and eye/hand coordination in the operation of office equipment
• Ability to manipulate a computer 85% of time during regular business hours
• Light lifting and carrying of supplies, files, etc.
• Ability to speak to and to hear customers and/or other employees on the telephone and in person
• Organized and Detail Oriented
• Decision making and problem-solving skills somewhat varied in scope and complexity, requiring referencing and interpreting policies and procedures
• Perform moderate mathematical calculations
• Maintain a high working knowledge of bank loan policy and regulations pertaining all loans

• High school diploma or equivalent.
• 3-5 years relevant experience including in-depth knowledge of underwriting criteria, closing procedures and industry standards
• Thorough knowledge of mortgage lending guidelines and regulations
• Strong interpersonal skills and oral and written communication skills
• Strong PC and software application skills in Windows environment, Mortgage Bot, and Laser Pro; good 10-key skills
• Adequate internet access at home to support laptop functionality when needed.