What are the responsibilities and job description for the Closing Documentation Specialist position at MidFirst Bank - Default?
This role is within our Commercial Loan Services Department and is primarily responsible for preparing loan documentation and closing packages for private banking clients, including portfolio and non-conforming mortgage products, ensuring loans comply with internal bank policies, as well as federal and state regulations.
Key Responsibilities:
- Ensures loan disclosures are prepared in accordance with the terms and conditions per the application and in compliance with regulatory requirements including TRID and Reg Z
- Communicates with loan officers for any additional information needed to prepare loan disclosures
- Orders flood certificates, background checks, fee estimates from title or online sources and other due diligence as required
- Ensures work is completed by deadlines and accurately by planning, coordinating and monitoring daily activities
- Miscellaneous duties as assigned
Position Requirements:
- Minimum two (2) years of relevant experience including one or more of the following:
- Title company operations
- Supporting mortgage or consumer loan transactions prior to closing
- Preparation, review, analysis, and interpretation of legal documents
- Customer assistance in retail or private banking
- Commercial, professional, health or disability insurance claims adjusting
- Strong critical thinking and problem-solving skills
- Aptitude for analyzing and interpreting complex documents, identifying requirements, conducting supporting research, and determining appropriate next actions
- Proven customer service experience
- Excellent written and oral communication skills
- Ability to make sound decisions and deliver high-quality work under tight deadlines and limited supervision
- Adaptable to shifting priorities while maintaining accuracy and attention to detail in a fast-paced environment
- Exceptional organizational skills and strong attention to detail
- Highly proficient PC skills including Microsoft Office applications and loan documentation systems
Preferred Skills:
- Familiarity of TRID, Regulations B, Z, RESPA, Fair Credit Reporting Act, and other federal and state laws and regulations
- Working knowledge of complex consumer loan transactions, including title reports and exceptions
- Understanding of consumer lending policies and procedures
- LaserPro experience