Closer​/Funding Manager

Closing/Funding Manager (FT) $80,220.83 - $ Annual

Department:
Retail Loan
Job Status:
Full Time
FLSA Status:
Exempt
Grade: 12
Amount of Travel:
Some Travel

Reports To:

AVP, Retail Lending Operations Production Manager
Positions Supervised:
Senior

The Closing/Funding Manager is responsible for the leadership and management of timely and efficient closing and funding of all retail lending loans. Ensures quality standards, customer service expectations and compliance with TRID, state, federal and secondary market guidelines, as well as bank policies. An in-depth knowledge of the Closing Disclosure, including legal tolerance, change of circumstance and final fees and disbursement.

Monitors team production to ensure performance metrics are met. Provides day-to-day supervision and guidance to the Closing/Funding employees.

Provide training and development opportunities to the Closer/Funders for team growth. Responsible for closing of employee loans and loans of a more complex nature (i.e., Construction Loans, Mass Housing). Coordinate post-closing audit reviews of files before submission to the Servicing Department. Prepare and review all loan documents for accuracy, including title review, insurance (homeowners, flood & title), title commitment and legal documents, Closing Protection Letter and wire information.

Prepare wires for closing with wire signing authority up to approved limit. Prepare modification and subordination documents. Review holdback agreements prior to closing. Resolve daily escalations related to individual loans and ensure timely communication with internal and external partners and customers. Coordinate loan closings with all parties in the transaction including the borrower, loan officer, attorney and branch. Work with third party vendors to obtain verbal verifications of employment prior to closing.

Perform review of closed loans and track missing documents and signatures prior to export and shipment to the Loan Servicing Department. Perform a closed loan review of closing packages done by other closers. E-Record mortgage, equities and modifications through Simplifile system. Sends required documentation to Servicing to book loans in DNA system. Assigns loan files, as needed. Must complete BSA, AML, and other regulatory and continuing education as assigned.

Must adhere to all bank and regulatory policies and procedures specific to position. Performs additional duties as requested.

Competencies:

Attention to detail, leadership & employee development, organizational relations, productivity & time management, quality teamwork & cooperation.

Education/

Experience:

Associate’s degree or relevant job-specific experience. Minimum of 5 years loan closing experience required. Knowledge of LOS Encompass system, secondary market mortgage guidelines, ability to work under pressure of multiple projects and deadlines with a high degree of attention to detail, knowledge of TRID regulations and requirements.