Mortgage Closer-Funder I

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities.   IBC bank hires talented, creative and dedicated individuals to help our business succeed.  We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence.   We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience. 

Time Type:

Full time

This is an in-office position.

Department:

1040 Mortgage Closing

Job Summary:

All closing packages must comply with Federal, State, Investor, Secondary, and IBC guidelines and regulations.

Job Description:

The statements on this job description are intended to describe the general nature of level of work being performed by incumbents.  They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

ESSENTIAL JOB FUNCTIONS

The statements on this job description are intended to describe the general nature of level of work being performed by incumbents.  They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

• Review loan approval, rate lock, appraisal, title work, insurance, flood certificate, survey, and payoffs for validity

• Verify county recording fees

• Reconciles source documents to data contained within LOS

• Prepare closing disclosures for management and borrower review

• Send & track specific documents electronically to borrowers based on TRID timing rules

• Communicates with the borrower and or Closing Agent to set expectations for closing and confirm important details

• Coordinates closing date and time with all applicable parties

• Order closing packages from doc prep attorneys specific to loan type

• Review documents for accuracy

• Balance closing disclosure (CD) with title company and issue approval

• Deliver closing documents to title company via secure methods

• Ensure all closing and funding conditions are satisfied

• Reviews executed documents for completeness and accuracy

• Request and prepare wires

• Issue funding authorization

• Maintain real time loan status within LOS

• Communicate details with borrowers, title companies, vendors, and internal staff throughout the process

• Assists with investor conditions and post-closing functions

• Perform other related duties as assigned

SKILLS

• Strong attention to detail and possess good math skills

• Must communicate effectively over the telephone

• Must be professional, courteous, and confident in order to make a good last impression on the borrower

• Knowledge of basic mortgage forms and documents

• Knowledge of mortgage terminologies like DTI, LTV, and PITI

• Be familiar with various loan types including FMLA, FHA, USDA, and VA

• Knowledge of real estate lending practices including federal and state regulations

• Ability to work in a fast-paced environment

• Effective time management

• Strong data entry skills

• Bilingual/Spanish preferred is a plus

• Maintain notary stamp

• Understand investor guidelines

EDUCATION

• High school graduate or equivalent

• Applicant must have at least 2 years’ experience in mortgage lending

• Notary commission by the states of Texas and Oklahoma