What are the responsibilities and job description for the Closer position at First Federal Bank?
- POSSIBLE HYBRID OPPORTUNITY*
Offering a dynamic benefit package that includes but is not limited to:
- Four Medical Plan Offerings to choose from
- Employer HSA Contributions (Coverage/Plan exclusions)
- Employer Provided Life Insurance Policy
- Annual Health Incentive
- Annual Wellness Reimbursement
- Tuition Reimbursement program
- Generous Match 401k Retirement Plan
- Paid Sick Leave
- Paid Vacation Leave
- 11 Paid Holidays based on the Federal Reserve Calendar
Essential Functions
- Responsible for reviewing the file and completing a pre-audit form and determining if the loan is ready to close.
- Responsible for the proficient use of closing software.
- Accountable for catching any clerical or system errors made in the loan package or in calculating the payoff.
- Assure that all underwriting conditions are met prior to sending out closing packages.
- Timely delivery of closing packages to settlement agent.
- Must interact with settlement agents, customers, loan officers and processors daily.
- Responsible for preparing the Closing Disclosure (CD) and insuring it meets the Underwriting guidelines.
- Responsible for communicating and resolving issues with Closing Agents while the borrowers are at closing.
- Responsible for completing a pre-funding audit on each file prior to disbursement.
- Responsible for knowing and understanding how to fund loans.
- Provides the best service to our customers with innovative and creative solutions.
- High school diploma or equivalent required.
- Minimum 2 years mortgage closing experience.
- Good organizational and time management skills.
- Excellent written and verbal communication skills.
- Basic knowledge of agency and underwriting guidelines.
- Strong analytical and problem-solving skills.
- Basic knowledge of accounting principles such as debiting and crediting.
- Knowledge of FHA, USDA, VA, FNMA and FHLMC guidelines.
- Must have the ability to meet sudden deadlines.
- Must be multi-task oriented.
- Must have excellent PC Skills.
- Knowledge of closing practices, mortgage documentation, recording practices, title/abstract legalities.
- Some formal Underwriting or Processing experience is a plus.
- Knowledge of lending guidelines for all states is a plus.
- Knowledge of how to use MSP.
- Third party lending production experience is preferred
- Extended hours sitting and performing computer tasks may be required.
- Employees confirm they are able to perform the essential functions of this position to continue employment with First Federal Bank.
EQUAL OPPORTUNITY EMPLOYER / VET / DISABILITY
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