Job Description
Position Purpose
Know the Bank’s Mission Statement and incorporate it in your approach to meeting your goals, prioritizing your tasks, managing your people, and more importantly, delivering our banking product to our clients. It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.
Position Responsibilities
- To run the daily operations of the closing department in an efficient and profitable manner by having strong organization and customer service skills.
- Reviewing files from underwriting to ensure they have required necessary documentation to prepare closing documents and contacting processing and / or loan originator to obtain outstanding closing conditions.
- Ability to anticipate the loan officer’s needs and proactively bring together appropriate people and resources to support their need.
- Interprets lending guidelines and exercises judgment in determining if the loan is in fact ready to close.
- Develop and maintain a system that alerts to upcoming deadlines on incoming requests.
- With own initiative, process/compose correspondence/reports.
- Handle confidential information in a professional and discreet manner.
- Ensure that various administrative tasks are done in an effective and efficient manner, including copying, reviewing outside mail, drafting correspondence, screening phone calls when requested, and maintaining files as needed.
- Prepare closing documents and fund loan, review HUD1 from Settlement Company ensuring closing instructions are properly followed including but not limited to all fees and closing cost assistance for sale on secondary market.
- Post Close files after settlement to ensure closing instructions were followed and closing documents were correctly executed and all needed additional documents requested at closing are delivered with closing package.
- Ship files for sale on secondary marketing to respective investors with specific stacking order of documents in a timely manner to meet lock deadlines and forward mortgage insurance certificates with premiums.
- Track final document recording and delivery to investors including but not limited to security instruments and title policies.
- Assist in HMDA reporting.
Minimum Education and Experience
- Bachelor’s degree in relevant field or equivalent work experience
- 4-6 years of Closer experience
- Knowledge of lending and banking policies, procedures, and regulations
Technical Knowledge and Skills
- Microsoft office software suite (Word, Excel, PowerPoint, etc)
- Excellent oral and written communication skills
Other: Ability to travel with in a defined market area.
Compliance
It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.
The above mentioned are intended to describe the general nature and level of work performed rather than to be an inclusive list of all duties, responsibilities and skills required for the position. Job duties may be changed at anytime at management’s discretion. The job description is not intended to create contractual obligations of any kind.
Capital Finance Bank, N.A. is an Affirmative Action and Equal Opportunity Employer
