Mortgage Loan Closer / Post Closer - Myrtle Beach (ONSITE)

JOB SUMMARY

Orders, prepares and audits Closing documents to ensure timely closings for originations. Prepares UCD for Fannie/Freddie from final Closing Disclosure for clean approval.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Responsible for timely audit of the preliminary title with the Settlement Agent
• Responsible for the preparation and accuracy of residential mortgage loan closing documentation to include comparison with Loan Estimate and Closing Disclosure
• Reviews and ensures documentation is compliant with federal, state, program and/or industry regulations and guidelines/overlays
• Ensures prompt delivery of all closing documentation and conditions to Investor and Settlement Agent in order to meet closing, funding and delivery dates
• Reviews, approves executed closing package and prepares funding requests, prepares mortgage wire form and keys into Jack Henry
• Completes Closing Disclosures for Modifications, Secondary Marketing, Bridge, Lot loans, Construction Permanent loans via Encompass or like software
• Updates LOS system (Encompass) with appropriate milestone dates to include document preparation, funding, shipped, purchased and received final documents for data integrity
• When applicable to the loan/investor, register MINS using the MERS system and ensure timely transfer as required by MERS and the appropriate secondary market investor
• Receives and completes review of all closed loans when returned by Settlement Agent for both investor and portfolio loans to confirm all required documents are recorded, accurate, executed appropriately and returned within 48 hours of consummation.
• Responsible to reconcile and deposit all checks from Settlement Agents to appropriate General Ledger accounts
• Stacks and submits investor and portfolio loans for submission to SAB Operations and/or specific investor to their required standards for boarding
• Communicates effectively with all interested parties concerning closing-related questions and internal/external procedures, required closing documents and final recorded documents and final title policies.
• Responsible to review Insurance policies (builders risk, hazard, wind & hail and/or flood) for each closing and ensure compliance with investor and Bank procedures
• Book, balance and audit all Purchase advices. Documentation to include Purchase Advice, Investor wire, Closing Disclosure, Loan Estimate, Copy of Fees check from Settlement Agent, Fee Worksheet and Final Rate lock from Investor. Key and balance all figures in Jack Henry within 24 hours of wire and purchase advice
• Responsible for compliance within assigned areas of responsibility
• Other duties as requested

Pipeline Management & Sales Support Responsibilities:

• Monitoring weekly tracking reports
• Monitoring rate lock expirations/extensions
• Daily oversight of fulfillment process to ensure loan files are being processed and advanced to meet closing dates and delivery commitments to the respective investor.
• Upload of closed loan files from Encompass Investor Connect to investor.
• Oversight support also includes the potential assistance to processing and loan officers in clearing conditions with underwriting as needed.
• This is a customer service position requiring professional and courteous contact with those associated with the loan process.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• High School graduate or equivalent
• Paralegal experience or like legal education or experience
• One year of related experience and/or training; or equivalent combination of education and experience
• Must be detail-oriented, responsible and accurate
• Basic computer skills to include Excel, Outlook, Word etc.
• Must have excellent verbal and written communication skills
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use hands to finger, handle, or feel.  The employee frequently is required to walk and reach with hands and arms.  The employee is occasionally required to stand; climb or balance; and stoop, kneel, crouch, or crawl.  The employee must occasionally lift and/or move up to 25 pounds.  Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and ability to adjust focus.

AAP/EEO Statement

This statement of policy reaffirms South Atlantic Bank’s policy of equal employment opportunity in employment, compensation, training, transfers, promotions and all other aspect of employment regardless of race, color, religion, national origin, age, sex, veteran status, physical or mental handicap/disability and to state that we do carry out this policy at South Atlantic Bank.  This policy also applies to all company-sponsored activities such as educational programs, tuition aid and social and recreational activities.