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SalaryMortgage Loan Closer
The Mortgage Loan Closer coordinates and prepares documents necessary to take Mortgage Loans from the approval to closing while promoting service, quality, compliance, and relationship building.
Duties/Responsibilities
Duties/Responsibilities
- Reviews file documentation for accuracy per guidelines and investor requirements.
- Answers questions and advise customers regarding loans and transactions.
- Coordinates and prepares documents necessary to complete mortgage transaction.
- Ensures data integrity.
- Works closely with the loan originators, processing department and title companies.
- Funds loans.
- Assist with delivering loan files to Investors.
- Assists with clearing conditions on suspended files.
- Maintains customer confidence by keeping Mortgage Loan information confidential.
Qualifications and Experience
- High School Diploma or Equivalent required.
- 3+ years’ related experience required.
- Knowledge of all loan types: Conv., VA, FHA, USDA & DPA Programs.
- Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Understands and complies with mortgage industry regulations, including the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, Truth-in-Lending laws, etc.
- Solid technical understanding of the distinguishing features and differences of all loan products and the required documentation for each
Compensation & Benefits
- We offer competitive compensation and benefits. Paramount Bank offers a variety of benefit plans intended to enhance wellness. In addition to healthcare benefits such as medical, dental and vision, we have a 401k plus company matching.
- We value a great work culture and leadership team that treats every associate with the dignity & level of respect they deserve.
- Eligibility for benefits may vary depending on employment status.
Job Type
- Full-Time; Monday – Friday
Work Location
- St. Louis, MO
- Remote
Benefits
- Health insurance
- Dental insurance
- Vision insurance
- Retirement plan
- Paid time off
All offers for employment with Paramount Bank are contingent upon the candidate having successfully completed a criminal background check. Paramount Bank will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act. Paramount Bank’s compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents. Relevant military experience is considered for veterans and transitioning service men and women. Paramount Bank values a diverse workforce and is an equal opportunity employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
