Loan Closing Officer

Loan Closing Officer

Job Category : Mortgage

Requisition Number : LOANC015130

Location : Onsite with location listed

Description

Responsible for working independently on complex issues, while exhibiting a solid understanding of loan documentation and closing procedures; corroborates with attorneys in reviewing loan documentation to reduce bank risk and ensure completeness and accuracy of all documents. Produces Laser Pro documentation for in house closings. Has authority to inform appropriate personnel that the loan cannot be closed until certain documents, authority, or insurance is received to ensure the loan is closed in accordance with the approval and the Bank is adequately protected and the collateral is perfected.

Essential Duties and Responsibilities

• Review all necessary loan documents, and work with outside counsel to ensure that all required documents are complete and accurate
• Ensure adequate approval authority is obtained prior to closings
• Identify and perform necessary pre-closing lien searches
• Ensure adequate insurance is obtained prior to closing
• Confirm and verify collateral values, as required in the approval
• Review and determine that all required documentation is in place and acceptable for closing a loan; at times may have to inform the appropriate personnel that the loan cannot be closed until certain documents to protect the Bank's position are obtained
• Review existing documentation for loan relationship with Bank for renewals and increases
• Produce Laser Pro documents for in house closings
• Upload collected documentation into the Bank's imaging system
• Complete the auto-generated checklists in the Bank's system of record
• Address and clear any exceptions in bank system of record as it relates to loan closer due diligence
• Assist in other duties and special projects as requested
• Performs all other duties as assigned

Supervisory Responsibilities

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

Benefit Highlights