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Mortgage Loan Closer - Laurel Road (Fintech) in Bridgeport, CT at Key Bank- Corporate

Date Posted: 7/3/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    855 East Main Street
    Bridgeport, CT
  • Date Posted:
    7/3/2020

Job Description

Laurel Road, a brand of Key Bank, is part of the expanding FinTech space: we offer Mortgages, Student Loans, and Personal Loans through a digital online experience, https://www.laurelroad.com. We simplify the process for both borrowers and bankers, while increasing choices of products, improving tracking, and offering a positive banking experience.In the performance of their respective tasks and duties all employees are expected to conform to the following:
  • Perform quality work within determined timeframes.
  • Interact professionally with other employees, customers and vendors.
  • Work effectively as a team contributor on all assignments.
  • Work independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.
  • Work on additional tasks, assignments and projects as needed.
POSITION SUMMARY:The Mortgage Loan Closer is responsible for the overall mortgage closing and post-closing process which includes closing document preparation and review to adhere with all compliance guidelines, effective communication with all internal and external parties and prompt funding of loans. ESSENTIAL FUNCTIONS AND RESPONSIBILITIES (Duties which are critical/central to accomplishing the purpose of the job. List job duties in order of importance.):Describe what must be accomplished.
  • Coordinates and schedules residential loan closings within established timeframes following all compliance guidelines.
  • Responds to and resolves a variety of issues from internal and external contacts related to the scheduling of closings, issuing approval of final settlement costs and the execution of closing documents. Meets the compliance component of all final disclosures to ensure accuracy with associated Federal & Consumer regulations.
  • Processes loan wires/funding in accordance with policy and procedures.
  • Prepares and distributes all loan closing documents to applicable parties. Reviews returned documents for accuracy and completeness.
  • Prepares loan file for timely delivery to servicing department.
  • Communicates with all internal and external parties to include borrowers, closing agents and loan account managers.
  • Keeps abreast of all investor guidelines pertaining to loan closing and delivery.
  • Processes accurate and timely data entry into the loan operating system.
  • Adheres to compliance procedures and internal/operational risk controls in accordance with any and all applicable regulatory standards, requirements, and policies.

KNOWLEDGE, SKILLS and ABILITIES (Required for this job.):
  • Specialized knowledge of loan closing processes and procedures.
  • Maintains a working knowledge of FHA, VA, TRID, as well as state and federal regulations related to mortgage closings.
  • Must be able to manage a pipeline of closings with the effective use of time and resources.
  • Must be able to work in a fast paced, timeline driven, paperless environment with excellent communication skills.
  • Demonstrate strong organizational and multi-tasking skills with a high level of accuracy.
  • Effective PC skills including word processing, internal and industry standard systems. Ability to learn to use additional applications as needed.
  • Ability to work independently and demonstrate initiative.
  • Strong math & analytical skills.
  • Strong written and verbal skills and the ability to communicate in a calm, courteous and professional manner when handling difficult situations.
EDUCATION/EXPERIENCE REQUIREMENTS (minimum education and/or years of experience required to perform the job.)Check Appropriate Education Category:☒ High school diploma or equivalent work experience.
☐ College degree or equivalent work experience.
☐ Advanced degree or equivalent experience.

Required Years of Work Experience: 2
PREFERRED KNOWLEDGE SKILLS AND EXPERIENCE FOR THIS JOB:Preferred Education/Experience:
  • Bachelors or Associates Degree



FLSA STATUS:Non-Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

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