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MORTGAGE CLOSING PROCESSOR II
Job Number : 14373
Job Location :  Tecumseh, MI
Job Category : Mortgage Services
Job Type : Full Time
 

Old National Bank was established in 1834. Today we are the largest financial services holding company headquartered in Indiana. We provide an array of services to our clients which include Retail Banking, Investments, and Wealth Management. At Old National we believe that by helping our associates balance work life with home life, we create a more productive workforce and a stronger company.

In 2018, Ethisphere Institute announced Old National Bank as one of the World’s Most Ethical Companies for the seventh consecutive year.

We are currently seeking a Mortgage Closing Processor II position. You will be responsible for mortgage loan closing document preparation on conventional and refinance loan transactions.  This includes preparing closing instructions, following company procedures required to close and fund residential mortgage loans in accordance with investor requirements.  As the loan closer you will coordinate all aspects of the closing process and ensures that all terms of the loan approval are met.   You must be able to recognize and correct insufficient or incorrect information quickly in order to meet strict closing deadlines.  This includes the responsibility for completing the role of Pre-closing review, this process prepares the file for the mortgage loan closer. 

Job Responsibilities:

  • Review loan approval for conventional and refinance transactions.  Review closing STIPS, request homeowners insurance, request verification of employment, review title for outstanding property taxes and liens, this includes working in a rotation for Pre-Closing Review.   

  • Prepare Closing Instructions, issue mortgage disbursement checks or prepare wiring instructions. Review closing STIPS and clear prior to loan closing.  Be able to recognize a closing issue and stop a closing if the STIPS are not cleared or a compliance issue exists.

  • Communicate with Originators, Sales Managers and Title Companies on status of files, request follow-up on outstanding documents, if required.

  • Balance loan transactions; prepare and coordinate approval of HUD with title companies; send mortgage loan closing documents electronically prior to the closing deadline.

  • Attend training to remain current on all investor, PMI, appraisal, or corporate requirements that impact loan closings and ensure loans are processed following these guidelines and requirements.

  • Confirm verbal verification of employment is complete.

  • Effectively communicate with other departments of the Bank as required for timely and efficient loan closings.

  • Maintain working knowledge of all software utilized to complete job duties.

 

Experience/Qualifications:

  • High School diploma or equivalent

  • 3 to 5 years of previous mortgage loan experience preferred

  • Understanding of the required mortgage loan documentation

  • Current knowledge of secondary marketing standards and FHA and VA requirements preferred.

  • Ability to manage multiple functions and priorities at one time while maintaining a high level of attention to detail and a high level of accuracy

  • Experience in utilizing personal computers and general office equipment

  • Customer service orientation and aptitude

  • Strong organizational skills

  • Strong interpersonal and communication skills

 

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

 

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the SVP Talent Acquisition Manager, to fill a specific position.

 



 
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