Loan Specialist II - Mortgage Closer - RJ Bank

Under general supervision, uses knowledge and skills obtained through training and experience to process commercial and/or retail loans and prepare closing documents. Follows established procedures to perform a variety of tasks requiring some evaluation, originality or ingenuity in making decisions. Recommends solutions to moderately complex problems and refers more complex issues to a higher level. Regular contact with internal and external customers is required to obtain, clarify, or provide facts and information and/or identify, research, and resolve problems.

Responsibilities

Obtains required documentation and processes more complex loan applications; Orders credit verifications and third party services; Tracks receipt of and reviews post closing legal documents; Follows up on missing documentation; Verifies loan applications and supporting documents for accuracy and completeness; Prepares and compiles documents for loan closing; Prepares or reviews for accuracy, Good Faith Estimates of Closing Costs, Regulation Z disclosures, and other disclosures required by consumer regulation; Performs initial credit analysis submission via automated underwriting, as requested; Schedules, coordinates loan closings, and clears for disbursement of loan proceeds; Prepares compliance and accounting records and reports, as required by management and regulatory agencies; Performs routine loan calculations; Assists customers with moderately complex inquires or problems; Performs pre-closing, post-closing, or whole loan due diligence review of legal agreements and other closing documents to terms of loan commitment; Maintains currency in loan processing policies and procedures; Performs other duties and responsibilities as assigned

Requirements

Intermediate level concepts, practices and procedures of commercial and retail loan processing and documentation; Basic principles of banking and finance; Financial markets and products; Fannie Mae and Freddie Mac Underwriting guidelines; Working knowledge of TRID (TILA-Respa Integrated Disclosure) and the Closing Disclosure Timing requirements; Experience reviewing Title commitments, Trust Agreements, and POA ("Price on Application" also known as "Price on Asking"); Multi-state real estate, closing, and title practices; Federal and State lending laws; Loan origination software packages; Processing more complex loan applications; Verifying loan applications and supporting documents; Preparing loan closing packages; Preparing records and reports; Performing routine loan calculations; Operating standard office equipment and using required software applications; Reviewing and interpreting commercial loan documentation and terms; Reviewing and interpreting residential and consumer documentation and terms; Reviewing and personal financial statements and supporting documents; Read, interpret, analyze and apply information from loan application documents; Interpret and apply policies; Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment; Communicate effectively, both orally and in writing; Work independently as well as collaboratively within a team environment; Handle stressful situations and provide a high level of customer service in a calm and professional manner; Establish and maintain effective working relationships; Maintain currency in loan processing policies and procedures

Benefits

medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); parental leave