HOME EQUITY SENIOR LOAN CLOSER

Northwest Bank
United States, Ohio, Columbus
3 Easton Oval (Show on map)
Nov 20, 2024
Description The Home Equity Sr Loan Closer is responsible for the administration of the closing function for Home Equity Loans and Lines of Credit. This position will also train home equity loan closing staff. Essential Functions * Ensure compliance with third party agencies and vendors * Ensure total data/document integrity * Prepare/analyze departmental reports * Prepare closing documents for retail equity products * Review closing documents prepared by correspondents * Assure timely funding of correspondent loans * Answer phone inquiries and direct appropriately * Prepare escrow analysis sheets for closing * Review recorded documents and final title policies * Review legal documents, trust agreements, right-of-ways * Prepare and assuring the properly timed delivery of closing disclosures (CD's) as required by TRID * Prepare daily wire transfer reports for funding * Supervise the day to day closing/funding operations in the absence of an Administrator * Balance closing pipelines * Manage the scheduling and issuance of closing disclosures (CD's) and closing packages * Partner with Correspondents to assure timely loan fundings * Manage daily approval report * Monitor the flow of loans selected for post-closing QC reviews * Solve/Research Closing Issues (Title, taxes, etc.) * Train / Assist in training home equity closing staff as assigned by supervisors * Supervise Home Equity Mortgage Loan Closers in the absence of the Home Equity Production Manager * Ensure compliance with Northwest's policies and procedures, and Federal/State regulations * Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency * Complete special projects as assigned by supervisor * Minimize departmental non-payroll costs * Recommend/implement improvements to procedures * Attempt to exceed production goals * Recommend service/delivery enhancements QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education Associate's Degree in business or finance or equivalent, administrative/lending experience or Bachelor's Degree in business or finance or equivalent, administrative/lending experience Work Experience 2 - 6 years mortgage and/or equity closing experience preferred General Supervisory/Manager Knowledge, Skills, and Abilities * Ability to identify existing and potential problems, obtain and evaluate relevant information, identify possible causes of the problems, and suggest an alternative course of action including innovative or creative approaches * Ability to allocate and effectively use information, personnel, time, and other resources necessary for implementation of Northwest's strategic plans * Ability to make decisions, render judgments, and take action on tasks within the scope of given authority in a timely fashion * Ability to develop, evaluate, and implement alternative courses of action, based on correct assumptions concerning resources and guidelines, and support decisions or recommendations with data or reasoning * Ability to present and express ideas and information effectively and concisely in an oral and/or written mode in a manner appropriate for the audience * Ability to listen and comprehend what others are saying and facilitate the open exchange of ideas and information * Ability to motivate and provide direction in the activities of others, appropriately assigning work and authority, in the accomplishment of goals; providing advice and assistance as required * Ability to understand and appropriately apply procedures, requirements, regulations, and policies; maintain credibility with others on specialty matters Additional Knowledge, Skills and Abilities Knowledge of investor and insurer guidelines, all regulatory guidelines, secondary market and company products and guidelines. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)