Loan Closer (Hybrid)

OVERALL OBJECTIVEReporting to the Consumer Loan Operations Manager, theincumbent is responsible for managing all functions involved in closing andfunding residential conventional, government and broker loans, home equityloans & lines. Ensures compliancewith all regulations, as well as, ensures efficient, accurate and professionallevels of customer service are provided to our customers and other professionalagencies and contacts. Also, responsible for identifying system, documentation andcalculation inconsistencies with all loans.

ESSENTIAL FUNCTIONSJob Responsibilities for first mortgage closings entail:-The review of underwritten files to ensure thecompliance of all HMDA criteria and the satisfactory receipt of all underwritingconditions prior to closing. -Maintains contact with attorneys regarding status ofloan closings.-Interact with Liberty Bank's closing attorney for Borrowerin order to obtain all accurate information required for the Closing Disclosureat least 10 days before closing and to confirm the closing date -Generation, approval & delivery of the new ClosingDisclosure 3 to 6 days prior to the Closing as required by CFPB GovernmentRegulation, (KBYO.) -Completes verifications of credit, employment,insurance, OFAC and Attorney status toensure closing can move forward-Validates all fees & figures and resolves anyresulting issues -Prepares the required closing documents and reviewsfile documentation to ensure its compliance with Bank, investor, and regulatoryguidelines for all first mortgages offered by the Bank. -Follows up on outstanding closing documents fromclosing attorneys.

This includes theresearch and resolution of auditing issues within specified timeframes to avoidrepurchase or monetary penalties by insuring files comply with internal andexternal procedures/regulations. -Monitor the closing preparation process to determine ifany changes warrant generation of a revised Closing Disclosure. If so, delivery the Closing Disclosure withinthe regulated timeframe.-Ensures the accuracy of corresponding documents forservicing-released products such as FHA, VA, CHFA, CHFA DAP, and FHLMCmortgages.

-Initiates the process to Fund all closed loans,balances all closing transactions and performs a post-closing audit to ensureset-up accuracy.-Maintains effective working relationships with internaland external contacts including customers, realtors, builders, attorneys,appraisers, investors, and other Bank employees. -Makes recommendations regarding the workflow process.-Possesses sign-off authority with regard to specificcommitment conditions.Job responsibilities for home equity loan/line closings: -Reviews files to ensure the compliance of all HMDAcriteria if applicable.-Completes verifications of credit, employment,insurance, OFAC and Attorney status toensure closing can move forward-Validates all fees & figures and resolves anyresulting issues -Prepares loan closing documents within establishedtimeframes.-The same responsibilities for the Closing Disclosurelisted above for 1st Mortgages also apply here for -Keeps abreast of changes in the Insight system as itrelates loan setups. -Ensures closed loans have all required documents,disclosures and proper signatures and dates to ensure compliance with state andfederal regulations.-Scheduling of closings with all Liberty Bank Branches-Post-Closing Audit of all executed loan closingdocuments and follow-up on all Post Closing issues-Initiates the process to Fund all closed loans,balances all closing transactions and performs a post-closing audit to ensureset-up accuracy.PHYSICAL DEMANDS AND EQUIPMENT OPERATION- General office equipment- Keyboard Dexterity- Ability to travel by carMINIMUM KNOWLEDGE/SKILLS REQUIREDStrong communication and analytical skills at a levelnormally acquired through the completion of high school or higher.

Two yearsworking knowledge of conventional, government and closing guidelines includingFNMA & FHLMC fixed rate and adjustable rate programs, FHA, VA, CHFA, CHFADAP, CRA, Construction loans and Home Equity loans and Lines. Must have a working knowledge of closingdocuments such as HUD-1 Settlement Statements, Aggregate Escrow Disclosures,Truth-In-Lending, Mortgages, Notes and applicable Riders. Knowledge of indirect programs offeredthrough brokers.

General knowledge of origination processing systems, beginnerWord and Excel PC skills. ACCOUNTABILITIESLoan Documentation: Accurately reviews loan packages to insureunderwriting/closing conditions have been met prior to closing. Accurately prepares legal documents andcompletes loan packages required for closing.Funding: Accurately calculates loan proceeds andpayments.

Responsible for disbursing funds under various program parameters todealer and third party brokers.Customer Service: Provides prompt and accurate information toall internal and external customers including brokers and attorneys tofacilitate the closing process.EEO: Acts affirmatively in all activities underhis/her control in conformance with the Bank's Affirmative Action, EqualEmployment Opportunity, and Fair Lending Programs to achieve the Bank's goalsand objectives.Compliance:Adheres to applicable federal and state regulations bank policies and procedures including OFAC, BSA, Patriot Act and Privacy Act. Completes all required training (on-line and in-person) by set due dates.Employment Type: FULL_TIME