Closer/Funder

Position:  Closer/Funder

Department: Retail Lending

Job Status: Full-Time

FLSA Status:  Non-Exempt

Grade: 8

Reports to:  AVP/Retail Lending Operations Production Manager

Amount of Travel Required:  Some Travel

Positions Supervised: N/A

POSITION SUMMARY

The Closer-Funder is responsible for preparing and reviewing all closing documents for mortgage, equity and consumer loans. Ensures documents are in compliance with TRID, state, federal and secondary market guidelines as well as bank policies. Coordinates loan closings with all parties in the transaction including the borrower, Loan Officer, Attorney or Branch. Performs a pre-close review of completed documents prior to loan funding and a post-close review of all final documents for accuracy prior to exporting to the Loan Servicing department.

ESSENTIAL FUNCTIONS

• Responsible for preparing all loan closing documents of mortgage and equity loans and ensuring accuracy to have a fully compliant loan.
• Communicate with Attorneys, Processors, Loan Officers, branches and borrowers as needed to coordinate smooth closing.
• Prepare subordination documents.
• Work with third party vendors to obtain verbal verifications of employment prior to closing.
• Prepare wires for closings.
• Review loan documents from respective Attorney for accuracy, including but not limited to; title review, insurance (homeowners, flood & title), title commitment, Closing Protection Letter and wire information.
• Review of closed loan files, track missing documents and signatures, and prepare GL worksheet for proper booking to DNA by the Loan Servicing department.
• Perform post-close QC review of closing packages done by other Closers and export file prior to shipment to the Loan Servicing Department.
• E-Record mortgage, equities and modifications through Simplifile system.
• Send required documentation to Servicing to book loans in DNA system.
• Must complete BSA, AML, and other Regulatory and Continuing Education as assigned.
• Must adhere to all bank and regulatory policies and procedures specific to position.
• Performs additional duties as requested.

POSITION QUALIFICATIONS

Competencies

• Attention to Detail
• Dependability
• Organizational Relations
• Productivity
• Quality
• Time Management

Education/Experience/Skills

• Encompass experience is a plus.
• Knowledge of TRID Regulations and Secondary Market Mortgage guidelines.
• Must have a high degree of attention to detail.
• Ability to work under pressure with multiple projects and deadlines.
• Mortgage, equity or consumer loan closing knowledge preferred

PHYSICAL DEMANDS

Physical Demands

Stand: O (Occasionally)

Walk: O (Occasionally)

Sit: F (Frequently)

Handling / Fingering: O (Occasionally)

Reach Outward: O (Occasionally)

Reach Above Shoulder: N (Not Applicable)

Climb: N (Not Applicable)

Crawl: N (Not Applicable)

Squat or Kneel: N (Not Applicable)

Bend: N (Not Applicable)

Lift/Carry

10 lbs or less:N (Not Applicable

11-20 lbs: N (Not Applicable)

21-50 lbs: N (Not Applicable)

51-100 lbs: N (Not Applicable)

Over 100 lbs: N (Not Applicable)

Push/Pull

12 lbs or less: N (Not Applicable)

13-25 lbs: N (Not Applicable)

26-40 lbs: N (Not Applicable)

41-100 lbs: N (Not Applicable)

N (Not Applicable) Activity is not applicable to this occupation.

O (Occasionally) Occupation requires this activity up to 33% of the time (0-2.5+ hrs/day)

F (Frequently) Occupation requires this activity from 33%-66% of the time (2.5-5.5+ hrs/day)

C (Constantly) Occupation requires this activity more than 66% of the time (5.5+ hrs/day)

Other Physical Requirements

None.

Westfield Bank has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.