Mortgage Loan Closer in Salt Lake City, UT at Key Bank- Corporate

Date Posted: 4/10/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    15 West South Temple
    Salt Lake City, UT
  • Job Type:
    Banking
  • Experience:
    Not Specified
  • Date Posted:
    4/10/2018
  • Job ID:
    28629BR

Job Description

ABOUT THE JOB (JOB BRIEF)

The Mortgage Loan Closer reports to the Mortgage Loan Closing Manager and is responsible for viewing loan approval conditions, insurance policies, title commitments, surveys, sales contracts, and all other related documentation to ensure that the loan will be closed in accordance with all legal requirements and investor guidelines. Authorizing closing of loan, recording of mortgage and disbursement of loan funds. Communicate with Loan Officers, Regional Sales Managers, clients and title companies to coordinate a smooth closing. Possess the ability to close an array of mortgage loan types while providing excellent internal and external customer service. Must have a complete knowledge of all loan types and documents including but not limited to Conventional, FHA, VA, USDA, and New Construction. Must demonstrate solid knowledge of the industry in terms of laws and regulations.

ESSENTIAL JOB FUNCTIONS
  • Verify that Title is free of extraneous liens, Ensure proper vesting and legal description, Adequate Homeowners Insurance is provided, Verify CPL, Verify Flood Certs, Verify Taxes
  • Monitor and maintain a pipeline to anticipate estimated closing date.
  • Competently review loan files to insure all conditions are cleared and file is ready to close
  • Entry of loan data into the origination system to produce closing documents.
  • Review and ensure the loan closing package is accurate, complete and documents meet all applicable agency and investor requirements.
  • Responsible for efficiently and effectively communicating with all parties involved in the transaction
  • Ensure receipt and review of Subordination Agreements as required in the Loan Approval.
  • Track and support information, ensuring the highest quality in loan document preparation and timely submission of loan packaging to the settlement agents.
  • Coordinate with Settlement Agent to obtain HUD-1/Closing Disclosure. Review HUD/Closing Disclosure for compliance with closing instructions and balance the HUD-1/Closing Disclosure.
  • Verification that all requirements of the loan process have been met prior to wire of funds
  • Keeps information accessible by sorting, organizing, and filing documents
  • Perform other job duties and assist with other office assignments when needed within the mortgage department

REQUIRED QUALIFICATIONS

  • High school diploma or equivalent work experience required
  • Minimum of 2+ years residential mortgage loan closing experience
  • Working knowledge of FHA, VA and conventional guidelines for mortgage loan origination.
  • Working knowledge of various regulatory guidelines (e.g., Truth-in-Lending, HMDA, RESPA, etc.).
  • Ability to work in paperless system environment
  • Excellent written and verbal communication skills
  • Strong attention to detail with effective time management/organizational skills.
  • Ability to prioritize and meet deadlines
  • Ability to handle multiple tasks under tight time constraints with high volume
  • Must demonstrate the ability to work in a fast-pace, high volume, market driven work environment, while remaining motivated and focused completing repetitive, yet business critical tasks
  • Ability to handle confidential material in a professional, highly ethical manner.

Employees in this job are required to comply with all rules and regulations of The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (The SAFE Act). Employees hired or transferring into this position will need to meet the qualification requirements, in Key's sole discretion, under Reg. Z, prior to acting as a loan originator in a consumer credit transaction secured by a dwelling. Qualification requirements include but are not limited to an assessment of overall financial responsibility, character, and general fitness through review of a criminal background check, credit report, and information about any administrative, civil, or criminal findings by any government jurisdiction.


ABOUT KEY:
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

ABOUT THE BUSINESS:
Key Community Bank serves individuals and small to midsized businesses from Maine to Alaska through our 15-state network of over 1,200 branches, 1,500 ATMs, telephone banking and robust online and mobile platforms. KeyBank’s Consumer/Business Banking segment provides consumers and small business owners with straightforward banking solutions and personal finance expertise that helps them make confident financial decisions today and plan for tomorrow. Key Private Bank offers wealth planning that follows a consistent, disciplined approach guided by objective advice based on each unique situation. KeyBank Commercial Bank offers midsize business financial services that drive growth and profitability and help business owners identify new opportunities with products and services including deposit, cash management, investment services, commercial lending, equipment leasing, and asset-based lending.

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.

JobID: 28629BR