The Role
The Mortgage Closer validates loan data, prepares closing documents, ensures compliance, and communicates with vendors for timely loan funding and closing.
Summary Generated by Built In
More than 130 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. Our financial strength and stability are key reasons Forbes names us one of the Best 100 Banks in America the past eight consecutive years and Newsweek names Banner one of the Most Trustworthy Companies the past four years.
With more than $15 billion in assets and over 150 locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.
Perform the administrative functions needed to ensure accurate and timely closing of loan applications.
Compensation & Benefits
- Targeted starting compensation range is based on location and experience: $xx - $xx
- Incentive and commission compensation may be awarded for eligible roles
- Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life
- Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
- 401k (up to 4% match with immediate vesting)
- Tuition reimbursement up to $5,250 annually (minimum service requirement)
- Read more about these and additional benefits at: Employee Benefits | Banner Bank
Essential Functions
- Responsible for validating loan fees and loan data required to issue an accurate Closing Disclosure to customers
- Prepare loans for closing by ensuring all pertinent loan data is entered correctly in Encompass. Prepare and review closing document packages to ensure all required documents are generated and transmitted to settlement agents.
- Responsible for ensuring loans have correct loan security documents, shipping documents, pro-rated taxes and/or assessments as needed per specific loan programs.
- Review verify, organize and audit closing documents to ensure accuracy, completeness and compliance with company and regulatory guidelines. All documentation must contain no blanks, required signatures and dates.
- Work and communicate professionally with external vendors and internal departments as to required documentation or corrections to documentation for completion before funding of the loan. This requires a proactive stance in pursuing said documents from within the company, third parties and borrowers.
- Review final funding conditions provided to determine requirements are met and either sign off or recondition, if not satisfactory. Obtain all outstanding conditions to ensure timely funding and closing of the loan.
- Perform various administrative duties as assigned. May provide notary public service. Responsible for auditing files or Compliance with TRID-RESPA (TRID) requirements.
- Responsible for complying with policies, procedures, security requirements, and government regulations. Stay current with Federal Regulation Compliance initiatives and recommend action to management when appropriate.
Education
- High School Diploma/G.E.D. (Required)
Work Experience
- 2 or more years of experience in mortgage closing or funding and experience with FHA and VA loans (Required)
Skills & Knowledge
- Knowledge of all forms and documents for loan closing.
- Possess good organizational, problem solving, written and verbal communication, and customer service skills with the ability to work within defined timeframes and make deadlines.
- Proficient in MS Office products with the ability to learn new software applications. Knowledge of general business processes and elementary accounting principals.
- Knowledge of federal and state laws and regulations relating to real estate lending.
- Possess knowledge and understanding of TRID regulations and mortgage loan closing procedures. Experience in reviewing itemization of all fees associated with loan closings.
- Possess strong attention to detail and accuracy, with the ability to exercise good judgement, accept responsibility and handle confidential information in a secure manner.
Physical Demands
- Capable of lifting and moving objects up to 25 pounds.
Travel
- 0%
Compensation & Benefits
- Targeted starting compensation range is based on location and experience: $24.19 - $32.72
- Incentive and commission compensation may be awarded for eligible roles
- Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life
- Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays401k (up to 4% match with immediate vesting)
- Tuition reimbursement
- Read more about these and additional benefits at: Employee Benefits | Banner Bank
Please take time to review Banner Bank's Consent & Privacy notice before applying.
Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.
Banner Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings on this site. Resumes submitted to any Banner Bank employee by a third party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.
Top Skills
Encompass
MS Office
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The Company
What We Do
Banner Bank is proud to serve the West with comprehensive financial services. More than 130 years ago we started with core values that never go out of style: listen, learn and help people and businesses reach their goals. Today across Oregon, Washington, California and Idaho—we deliver a high level of individual service as a community bank, while also offering competitive products some might expect to find only at a nationwide financial institution. Member FDIC.
Visit us for more information on the best banking solutions for your business.
