DIVISION: Mortgage

FLSA STATUS: Non-Exempt

REPORTS TO: Vice President of Mortgage Division

SUPERVISES: No supervisory responsibility

LOCATION: Baton Rouge

The Mortgage Loan Closer will work closely with operations personnel and mortgage loan originators within the department and requisite outside parties to ensure timely loan closing for the bank’s mortgage customers. They coordinate all the steps of the loan closing, arriving at detailed and accurate financials for borrowers and readying closing documents.

• Prepares closing instructions
• Deposits funds from closings
• Prepares HMDA for each file
• Authorizes HUD/VA to draft funds
• Completes funding log sheet and fax sheet to accounting
• Always updates on computer closed/shipped/funded
• Forwards all final documentation to investors
• Performs other duties and special projects as needed
• Cross trains and supports other positions as needed
• Familiar with GFE/TIL Tolerance Testing
• Able to effectively and accurately prepare a balanced HUD 1 Statement
• Ability to recognize, prepare and communicate closing instructions
• Familiar with caps and fee tolerances on Government Loans
• Able to work with a variety of secondary market investors to close compliant loans
• Ability to register and create a MIN # with MERS

• One to three years of experience
• Knowledge of VA, FHA and FNMA guidelines
• Familiarity with loan documentation
• Excellent customer service skills
• Attention to Detail
• Ability to meet deadlines
• Ability to prioritize and handle multiple clients
• Proficient with basic computer skills