Bank of Utah
Mortgage Loan Closer
Bank of Utah, Ogden, Utah, United States, 84403
Major Job Function:
Review loan files and prepare closing packages for individual loan types in accordance with lender, and investor guidelines as well as secondary marketing commitments. Ensures Closing Disclosure is prepared according to TILA/RESPA Integrated Disclosure (TRID) regulatory guidelines; including all timing requirements. Timely prepares closing packages to meet aggressive timing and volume requirements. Understand and be able to fund mortgage loan files as needed.
Experience/Skills necessary to perform duties:High school diploma or equivalent required1+ years mortgage experience or related experienceAcute attention to detailStrong organizational skillsStrong mathematical skillsFamiliar with Microsoft Word and Excel programsVersatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasmAbility to perform in a fast-paced environment typical to mortgage lendingAbility to work independently and in a team environmentRegular Duties and Responsibilities :
Validates and prepares closing packages according to Lock Confirmation, Lock Agreement, and Loan Closing Requests.Ensures that loan can be closed and disbursed before lock expires.Reviews Loan Approval and makes certain all underwriting conditions have been (or will be) metEnsures Closing Disclosure is prepared according to TRID guidelines, including timing requirements, cures, etc.Meet or exceed aggressive turn time and volume requirementsSeeks out help to resolve technical and complex problems that arise in order to meet deadlinesUnderstand title commitments and how to properly deal with any exceptions, easements, etc.Ensures evidence of insurance meets investor guidelines for dwelling coverage amount, deductible, time of coverage, etc.Reviews Flood Certification and verifies compliance with flood regulations, if applicableVerifies mortgage insurance coverage, if applicableFHA refinances, verifies netting informationOn Abundance of Caution or Additional Collateral properties, ensures collateral will be properly secured and rescission rights properly disclosed and executed, if applicableAlternate between many files in process; must be able to start, stop, restart without losing focus or accuracyKeeps production and title updated at certain mile stones in the closing/funding processFollows up on the return closing package from title company in a timely mannerPerforms Funding job as neededFollows up on any investor suspense item requests in a timely mannerCarries out other duties that may be assigned or requested
The wage listed is within the range associated with this position. Actual Compensation will be based on qualifications and experience.
Review loan files and prepare closing packages for individual loan types in accordance with lender, and investor guidelines as well as secondary marketing commitments. Ensures Closing Disclosure is prepared according to TILA/RESPA Integrated Disclosure (TRID) regulatory guidelines; including all timing requirements. Timely prepares closing packages to meet aggressive timing and volume requirements. Understand and be able to fund mortgage loan files as needed.
Experience/Skills necessary to perform duties:High school diploma or equivalent required1+ years mortgage experience or related experienceAcute attention to detailStrong organizational skillsStrong mathematical skillsFamiliar with Microsoft Word and Excel programsVersatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasmAbility to perform in a fast-paced environment typical to mortgage lendingAbility to work independently and in a team environmentRegular Duties and Responsibilities :
Validates and prepares closing packages according to Lock Confirmation, Lock Agreement, and Loan Closing Requests.Ensures that loan can be closed and disbursed before lock expires.Reviews Loan Approval and makes certain all underwriting conditions have been (or will be) metEnsures Closing Disclosure is prepared according to TRID guidelines, including timing requirements, cures, etc.Meet or exceed aggressive turn time and volume requirementsSeeks out help to resolve technical and complex problems that arise in order to meet deadlinesUnderstand title commitments and how to properly deal with any exceptions, easements, etc.Ensures evidence of insurance meets investor guidelines for dwelling coverage amount, deductible, time of coverage, etc.Reviews Flood Certification and verifies compliance with flood regulations, if applicableVerifies mortgage insurance coverage, if applicableFHA refinances, verifies netting informationOn Abundance of Caution or Additional Collateral properties, ensures collateral will be properly secured and rescission rights properly disclosed and executed, if applicableAlternate between many files in process; must be able to start, stop, restart without losing focus or accuracyKeeps production and title updated at certain mile stones in the closing/funding processFollows up on the return closing package from title company in a timely mannerPerforms Funding job as neededFollows up on any investor suspense item requests in a timely mannerCarries out other duties that may be assigned or requested
The wage listed is within the range associated with this position. Actual Compensation will be based on qualifications and experience.