Loan Closer II/III
First National Bank Alaska, Juneau, AK, United States
Loan Closer II/III
Start a career with First National Bank Alaska, the Best Place to Work in Alaska as recognized 10 years in a row by Alaska Business magazine readers.
Join our Mortgage Lending Team! Our Mortgage Lending Closing Team is looking for a Loan Closer II/III. The position responsibilities will include a combination of closing, disbursement, shipping and funding duties.
Salary: $21 or $27.50/hour minimum. Job/salary offered would be commensurate with experience.
Schedule: Monday-Friday, 8 am–5 pm
GENERAL PURPOSE SUMMARY Closes complex bank held and investor mortgage loans while maintaining a high volume of loan files by performing the following essential duties and responsibilities:
ESSENTIAL DUTIES AND RESPONSIBILITIES
Determines and prepares necessary documents for and ensures loan file compliance with applicable loan program. Follows underwriting loan conditions, and federal, bank, and investor guidelines and regulations. Resolves discrepancies or makes recommendations to supervisor.
Reviews Preliminary Title Report and works with the title company to ensure bank is in first lien position.
Reviews as-built surveys to determine all improvements are located on the property, within our investor guidelines.
Works with mortgage loan officers and processors to obtain documentation required to comply with the investors.
Coordinates loan closing date with Title Company. Prepares and submits upon supervisor approval preliminary settlement statement for more complex bank held and investor loans to the title company.
Cross trains with shipping and funding.
Cross trains with disbursing.
Assists supervisor with making revisions to the loan closing procedures manual including developing closing procedures for new loan programs. Trains less experienced closing personnel on new and existing loan programs, and responds to inquiries from bank personnel and customers regarding mortgage loan closings.
Performs other work-related duties as assigned by supervisor.
COMPLIANCE EXPECTATIONS
Stay up to date on relevant laws and regulations and complete all compliance training on time.
Knowledgeable of and comply with bank policies, procedures, laws, and regulations that apply to you and your job.
Maintain customer confidence and protect the bank’s operations by identifying and protecting confidential information.
QUALIFICATION REQUIREMENTS 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.
EDUCATION and/or EXPERIENCE Minimum – Loan Closer II: Three years mortgage lending or related experience and familiarity with federal and investor regulations; or equivalent combination of education/training and experience.
Preferred: Experience in the banking industry.
Minimum – Loan Closer III: Bachelor's degree in finance, business or related field and two years mortgage loan closing related experience; or four years mortgage loan closing related experience; or equivalent combination of education/training and experience. Familiarity with federal, investor, and bank regulations.
Preferred: Working knowledge of federal, investor, and bank regulations.
OTHER SKILLS and ABILITIES Ability to type 45 wpm and operate a 10-key calculator. Word processing and spreadsheet software experience required; loan documentation software experience required.
LANGUAGE SKILLS Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, customers, and the general public.
MATHEMATICAL SKILLS Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, interest, and percents.
REASONING SKILLS Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
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.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
WORKING CONDITIONS The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.
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Start a career with First National Bank Alaska, the Best Place to Work in Alaska as recognized 10 years in a row by Alaska Business magazine readers.
Join our Mortgage Lending Team! Our Mortgage Lending Closing Team is looking for a Loan Closer II/III. The position responsibilities will include a combination of closing, disbursement, shipping and funding duties.
Salary: $21 or $27.50/hour minimum. Job/salary offered would be commensurate with experience.
Schedule: Monday-Friday, 8 am–5 pm
GENERAL PURPOSE SUMMARY Closes complex bank held and investor mortgage loans while maintaining a high volume of loan files by performing the following essential duties and responsibilities:
ESSENTIAL DUTIES AND RESPONSIBILITIES
Determines and prepares necessary documents for and ensures loan file compliance with applicable loan program. Follows underwriting loan conditions, and federal, bank, and investor guidelines and regulations. Resolves discrepancies or makes recommendations to supervisor.
Reviews Preliminary Title Report and works with the title company to ensure bank is in first lien position.
Reviews as-built surveys to determine all improvements are located on the property, within our investor guidelines.
Works with mortgage loan officers and processors to obtain documentation required to comply with the investors.
Coordinates loan closing date with Title Company. Prepares and submits upon supervisor approval preliminary settlement statement for more complex bank held and investor loans to the title company.
Cross trains with shipping and funding.
Cross trains with disbursing.
Assists supervisor with making revisions to the loan closing procedures manual including developing closing procedures for new loan programs. Trains less experienced closing personnel on new and existing loan programs, and responds to inquiries from bank personnel and customers regarding mortgage loan closings.
Performs other work-related duties as assigned by supervisor.
COMPLIANCE EXPECTATIONS
Stay up to date on relevant laws and regulations and complete all compliance training on time.
Knowledgeable of and comply with bank policies, procedures, laws, and regulations that apply to you and your job.
Maintain customer confidence and protect the bank’s operations by identifying and protecting confidential information.
QUALIFICATION REQUIREMENTS 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.
EDUCATION and/or EXPERIENCE Minimum – Loan Closer II: Three years mortgage lending or related experience and familiarity with federal and investor regulations; or equivalent combination of education/training and experience.
Preferred: Experience in the banking industry.
Minimum – Loan Closer III: Bachelor's degree in finance, business or related field and two years mortgage loan closing related experience; or four years mortgage loan closing related experience; or equivalent combination of education/training and experience. Familiarity with federal, investor, and bank regulations.
Preferred: Working knowledge of federal, investor, and bank regulations.
OTHER SKILLS and ABILITIES Ability to type 45 wpm and operate a 10-key calculator. Word processing and spreadsheet software experience required; loan documentation software experience required.
LANGUAGE SKILLS Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, customers, and the general public.
MATHEMATICAL SKILLS Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, interest, and percents.
REASONING SKILLS Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
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.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
WORKING CONDITIONS The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.
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