Time Type:
Full timeThis is an in-office position.
Department:
1040 Mortgage ClosingJob Summary:
All closing packages must comply with Federal, State, Investor, Secondary, and IBC guidelines and regulations.Job Description:
ESSENTIAL JOB FUNCTIONS
The statements on this job description are intended to describe the general nature of the level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.
Reviews loan approval, rate lock, appraisal, title work, insurance, flood certificate, survey, and payoffs for validity
Verifies county recording fees
Reconciles source documents to data contained within LOS
Prepares closing disclosures for management and borrower review
Sends and track specific documents electronically to borrowers based on TRID timing rules
Communicates with the borrower and or Closing Agent to set expectations for closing and confirm important details
Coordinates closing date and time with all applicable parties
Orders closing packages from doc prep attorneys specific to loan type
Reviews documents for accuracy
Balances Closing Disclosure (CD) with the title company and issue approval
Delivers closing documents to title company via secure methods
Ensures all closing and funding conditions are satisfied
Reviews executed documents for completeness and accuracy
Requests and prepare wires
Issues funding authorization
Maintains real time loan status within LOS
Communicates details with borrowers, title companies, vendors, and internal staff throughout the process
Assists with investor conditions and post-closing functions
Ensures customer privacy, security of files, and appropriate staff access
Assists Closing Manager in identifying process improvement needs and providing support to the training team to develop any necessary training required for such improvement (s).
Mentors individual closers for questions and/or assistance they may require for loans, systems, or process-related items. Assists with escalations, priority requests, and staging needs.
Trains new Closers
Functions as a team lead
Performs other related duties as assigned
SKILLS
Strong attention to detail and possess good math skills
Work independently with minimal management oversight
Must communicate effectively over the telephone
Must be professional, courteous, and confident to make a good last impression on the borrower
Knowledge of mortgage forms and documents
Knowledge of mortgage terminologies like DTI, LTV, and PITI
Knowledge of FNMA, FHA, USDA, DPA, and VA guidelines
Knowledge of real estate lending practices including federal and state regulations
Ability to work in a fast-paced environment
Bilingual/Spanish is a plus
Maintain notary stamp
Understand investor guidelines
Team player
Strong Data entry skills
Effective time management
Excellent organizational skills
EDUCATION
High School graduate or equivalent required
Applicant must have at least 3 years of experience in mortgage lending
Knowledge of DU, LP, and Encompass or similar underwriting systems
Notary commission by the states of Texas and Oklahoma
Skills Required
- High school diploma or equivalent
- At least 3 years of experience in mortgage lending
- Knowledge of mortgage forms and documents
- Knowledge of mortgage terminology, including DTI, LTV, and PITI
- Knowledge of FNMA, FHA, USDA, DPA, and VA guidelines
- Knowledge of real estate lending practices and federal and state regulations
- Knowledge of DU, LP, and Encompass or similar underwriting systems
- Notary commission in Texas and Oklahoma
- Maintain a notary stamp
- Strong attention to detail and math skills
- Ability to work independently with minimal supervision
- Effective telephone and written communication skills
- Strong data-entry skills
- Effective time-management and organizational skills
- Ability to work in a fast-paced environment
- Understanding of investor guidelines
- Bilingual Spanish ability
IBC Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about IBC Bank and has not been reviewed or approved by IBC Bank.
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Healthcare Strength — Employer-paid medical coverage for full-time employees, with prescription coverage and optional dental/vision, indicates solid core health protection. Feedback suggests this foundational coverage is a standout within the overall package even if other areas feel modest.
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Retirement Support — A 401(k) alongside profit-sharing contributions when the bank is profitable provides retirement-building mechanisms. Eligibility beginning the first day of the year following hire is a timing nuance candidates may factor in.
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Career-Linked Recognition & Rewards — Commission and bonus elements in certain roles can supplement base pay. Feedback suggests performance-tied earnings provide upside for some, despite variability.
IBC Bank Insights
What We Do
IBC Bank was founded in 1966 and today it serves as the flagship bank of International Bancshares Corporation. Since its opening, IBC has grown in assets to more than $15 billion making it one of Texas’ largest holding companies. We believe in doing more for the communities we serve. And we've made that commitment for the last 50+ years. We know that when our communities succeed, we all succeed. Affirmative Action/ Equal Opportunity Employer Member FDIC/ International Bancshares Corporation
