Distributed Mortgage Loan Closer
The Distributed Mortgage Loan Closer is responsible for coordinating all of the steps of the mortgage loan closing process.
Essential Functions
- Communicate with customers, realtors, title companies, attorneys and settlement agents to schedule closings, responding to inquiries, resolving issues and obtaining any documentation required to complete the loan file
- Accurately complete all data input into Mortgage origination system for preparation of closing documents
- Ensure total data / document integrity
- Manage a pipeline of working loan files to ensure loans are closed in a timely manner
- Interact with Mortgage Loan Originators (MLOs), Loan Production Assistants, and other members of the fulfillment team on a daily basis
- Review loan files and accurately completing all data input into mortgage origination system for preparation of closing documents
- Clear "prior to fund" conditions
- Prepare closing instructions and TRID compliant closing documents
- Work with Funding, Post-Closing, and Secondary marketing staff to facilitate the completion of loans and file delivery to investors or bank servicing
- Maintain current knowledge of mortgage loan programs, procedures, and guidelines
- Ensure compliance with Northwest's policies and procedures, and Federal / State regulations
- Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
- Work as part of a team
- Work with on-site equipment
- Ensure compliance with third party agencies and vendors
Qualifications
3 - 5 years of experience in the mortgage industry2 - 6 years of experience demonstrating success in closing / funding mortgage loans for a financial institutionGeneral Employee Knowledge, Skills, and Abilities
Ability to establish effective working relationships among team members and participate in solving problems and making decisionsAbility to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or writtenAbility to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and informationAbility to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and informationAbility to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areasAdditional Knowledge, Skills and Abilities
Knowledge of banking industry laws, regulations, and the retail origination process.Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans and knowledge of FHA / VA insuring preferred.Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.