What are the responsibilities and job description for the Mortgage Loan Closer position at First Merchants Brand?
First Merchants is seeking a Mortgage Loan Closer to join our team! This person will be responsible for the production and complete accuracy of the Closing Disclosure (CD), as well as serve as the final quality control check point prior to an executed closing to ensure accurate and deliverable loan package is properly executed.
As part of this role you will:
- Validate conditions are cleared prior to closing.
- Validate in compliance with the Truth in Lending (TIL) tolerances, Home Ownership Equity Protection Act (HOEPA) calculations, and the Higher-Priced Mortgage Loan (HPML) calculations.
- Prepare and balance all tickets to fund the transaction.
- Validate the loan Annual Percentage Rate (APR) is in compliance and accurately calculated.
- Obtain, analyze and validate all fees to be included on the CD.
- Calculate points and fees test for compliance with Qualified Mortgage (QM) regulatory requirements.
- Produce and validate a deliverable closing package.
- Review and analyze title work.
- Work with applicable parties to clear closing deficiencies.
To be successful in this position, we require the following:
- High School Diploma or Equivalent.
- A minimum of three (3) years of experience closing mortgage loans or related experience.
- Experience with government and/or conventional loan processing.
First Merchants offers the following:
- Base Pay PLUS Bonuses
- Medical, Dental and Vision Insurance
- 401k
- Health Savings and Flexible Spending Accounts
- Vacation/Sick Time
- Paid Holidays
- Paid Parental Leave
- Tuition Reimbursement
- Additional Benefits
A little about us:
First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.
Our Vision is:
To enhance the financial wellness of the diverse communities we serve.
Our Mission is:
To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.
Our Team:
"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."
Apply today to begin your career with us!
Upcoming Location Change: In 2026 our Detroit Headquarters at 32991 Hamilton Court, Farmington Hills, MI 48334 will be moving to Royal Oak at 400 W 4th Street, Royal Oak, MI 48067.