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Job Description
- Req#: 18456
About the company
Central Bank offers personal and business banking solutions throughout Missouri, Kansas, Illinois, and Oklahoma with over 130 locations.
Description
Prepares investor and program specific closing documents for all mortgage products offered including residential and second lien mortgage loans. Will prepare and obtain all necessary loan documentation to secure company position.Reviews and compiles financial information and figures to transmit to the settlement agent and/or attorney for creation of the Closing Disclosure (CD).Sends appropriate closing documentation to the settlement agent and/or attorney and documents files according to established procedures.Must have the ability to prioritize, be highly organized and have solid problem solving and decision making skills.Ensures Corporate Credit Policy, HOEPA and all Federal and State Lending Regulations are upheld.Essential Duties/ Responsibilities:Coordinates with settlement agent and/or attorney the closing of residential mortgage loan files received from processing. Ensures that the loan has been underwritten and verifies that all Underwriting conditions have been met. Compares the investor lock including program and rate with the Underwriting approval.Reviews various policies associated with the loan to ensure loan has adequate coverage and lenders interest is properly protected.Review title commitment to insure that all liens have pay off statements or subordination agreements as applicable. Review title commitment to insure that all necessary exceptions are removed.Review all related documents in loan file to determine the accuracy of the property addresses being used as collateral.Provide revised CDs and/or refunds if errors occur on final CDs.Ensures closing team meets the specified quality standards with specific focus on eliminating errors, detecting/eliminating fraud, and executing closings timely.Provide training to new staff.Accurately enter all closing and loan information into document preparation system Encompass. Ensures legal/regulatory procedures are followed and compliance practices meet all Federal and State standards.Successfully documents mortgage loan file within Encompass system as required.This a hybrid position that can work from any Central Bank location in Missouri.
Qualifications
College degree or equivalent work experience plus 3-5 years mortgage loan closing or related experience required.
Expert knowledge and experience in all first and second mortgage credit products and in retail closing.
Expert knowledge and experience in mortgage loan compliance.
Proficient in Encompass, Excel, Word and other systems as required.
Attention to detail and accuracy.
Must have excellent written communication and strong verbal skills.
Project a professional image and collaborates with others to accomplish goals and demanding deadlines.
Must have the ability to prioritize, be highly organized and have solid problem solving and decision making skills.Experience with TRID regulations