Residential Mortgage Loan Closer 2

Five Star Bank - Williamsville, NY (30+ days ago)3.6

Five Star Bank and affiliate companies are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic. Five Star Bank and affiliate companies are committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at (585) 786-4344, or (585) 786-1417.

Position Title: Residential Mortgage Loan Closer 2

Location/Affiliate: FSB Plaza - Chestnut Street

Reports To (Title): Residential Mortgage Loan Closing


Department: Residential Lending

FLSA Status: Non-Exempt

Purpose: The Residential Mortgage Loan Closer 2 is responsible for reviewing and verifying that all required aspects of the loan process regarding Mortgage and Home Equity loan products have been met prior to funding the loan. This position prepares loan documents and closing instructions for the more complex and challenging closings, and schedules loan closings in coordination with Bank staff and borrowers.

Scope and Direction

Area of Responsibility: Residential Mortgage Loan Closing

Degree of Supervision Received (Minimal, Moderate or Extensive): Moderate

From (Title): Residential Mortgage Loan Closing Supervisor

Degree of Supervision Given (None, Minimal, Moderate or Extensive): None

To (Title(s)): N/A

Essential Functions: The major duties of the job that constitute the fundamental tasks and or responsibilities of the position. Employees must be able to perform the essential functions of the position with or without reasonable accommodations.

1. Collaborates with Bank closing attorneys, Retail Branch staff and borrowers in coordinating and preparing the final loan documentation for standard and more complex closing. Ensures that all required documentation is included and is compliant with internal policies and procedures as well as industry regulations.

2. Reviews the file for conditions including insurance information and/or instructions from the Processor or Underwriter. Reviews and accurately details all loan charges and prepares any documents required by the loan for closing/funding.

3. Verifies pricing of loan – Rate, Points, Fees, APR state restrictions. Responsible for data input quality, including but not limited to HMDA data on closed loan files.

4. Balances loans against estimate and final Closing Disclosure statements.

5. Reviews title report for liens and judgments to be paid at closing (non-Bank attorney closings)

6. Verifies and balance funding figures in order to accurately fund loans and wire final loan proceeds according to company standards and within established timeframes.

7. Acts as a resource for the lending team, performing research as needed. Assists leadership with training (cross training, new hire training, MLO and other shadowing), developing process and documenting procedures.

8. Demonstrates the standards and principles of the Five Star experience in every interaction with internal and external customers and associates. Incorporates the high-performance behaviors of teamwork, leading by example and service in every facet of work.

9. This job description is not exhaustive. The Residential Mortgage Loan Closer 2 may be required to perform other duties as assigned.

Job-Related Qualifications

Required: Associate’ Degree

  • OR-
Required: High School Diploma or equivalent

Preferred: Bachelor’s Degree

Prior Experience:
Years: 2+ Type: Residential Loan Closing, or

Processing or Funding experience

Years: 4+ Type: Residential Loan Closing, or

Processing or Funding experience

Years: 1+ Type: Residential Loan Closing and/or

Funding experience; or Paralegal


Licenses or Accreditation:
Required: Register with Nationwide Mortgage Licensing System Registry (NMLS) and obtain a unique

identifier that is provided to consumers in accordance with all SAFE Act requirements. Renew

registration with NMLS annually. Maintains and updates personal registry information as necessary

to include name changes, employment changes, etc.

Excellent written and verbal communication skills with the ability to interact with internal and external customers in a team environment

Excellent organizational skills with the ability to work in a demanding, fast-paced environment and manage multiple priorities to meet established deadlines

Possess a high level of attention to detail with the ability to follow procedures to ensure accuracy and compliance with industry regulatory standards

Working knowledge of Microsoft Office applications with the ability to learn and utilize new and existing banking software applications

Ability to work independently with minimal supervision

Ability to take initiative in problem solving and produce practical decisions and solutions

Physical Requirements:
1. Able to regularly sit for prolonged periods of time

2. Extensive computer usage is required

3. Moderate phone usage is required

Note: At a later stage in the application process, applicants will be required to provide information about their criminal conviction history, if any, and to authorize the procurement of a consumer report that will contain, among other things, information about criminal conviction history. Except as required by applicable law, past criminal convictions will not automatically disqualify an applicant from employment, and Five Star Bank will only consider such history in accordance with applicable law. Please be advised, however, that federal law prohibits Five Star Bank from employing “any person who has been convicted of any criminal offense involving dishonesty or a breach of trust or money laundering, or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such offense” unless the FDIC has provided prior written consent.