Mortgage Closer-Funder II

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.

Time Type:

Full time

This is an in-office position.

Department:

1040 Mortgage Closing

Job Summary:

All closing packages must comply with Federal, State, Investor, Secondary, and IBC guidelines and regulations.

Job Description:

ESSENTIAL JOB FUNCTIONS

The statements on this job description are intended to describe the general nature of the level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

Reviews loan approval, rate lock, appraisal, title work, insurance, flood certificate, survey, and payoffs for validity

Verifies county recording fees

Reconciles source documents to data contained within LOS

Prepares closing disclosures for management and borrower review

Sends and track specific documents electronically to borrowers based on TRID timing rules

Communicates with the borrower and or Closing Agent to set expectations for closing and confirm important details

Coordinates closing date and time with all applicable parties

Orders closing packages from doc prep attorneys specific to loan type

Reviews documents for accuracy

Balances Closing Disclosure (CD) with the title company and issue approval

Delivers closing documents to title company via secure methods

Ensures all closing and funding conditions are satisfied

Reviews executed documents for completeness and accuracy

Requests and prepare wires

Issues funding authorization

Maintains real time loan status within LOS

Communicates details with borrowers, title companies, vendors, and internal staff throughout the process

Assists with investor conditions and post-closing functions

Ensures customer privacy, security of files, and appropriate staff access

Assists Closing Manager in identifying process improvement needs and providing support to the training team to develop any necessary training required for such improvement (s).

Mentors individual closers for questions and/or assistance they may require for loans, systems, or process-related items. Assists with escalations, priority requests, and staging needs.

Trains new Closers

Functions as a team lead

Performs other related duties as assigned

SKILLS

Strong attention to detail and possess good math skills

Work independently with minimal management oversight

Must communicate effectively over the telephone

Must be professional, courteous, and confident to make a good last impression on the borrower

Knowledge of mortgage forms and documents

Knowledge of mortgage terminologies like DTI, LTV, and PITI

Knowledge of FNMA, FHA, USDA, DPA, and VA guidelines

Knowledge of real estate lending practices including federal and state regulations

Ability to work in a fast-paced environment

Bilingual/Spanish is a plus

Maintain notary stamp

Understand investor guidelines

Team player

Strong Data entry skills

Effective time management

Excellent organizational skills

EDUCATION

High School graduate or equivalent required

Applicant must have at least 3 years of experience in mortgage lending

Knowledge of DU, LP, and Encompass or similar underwriting systems

Notary commission by the states of Texas and Oklahoma