The Residential Closing Specialist is primarily responsible for the accurate and complete preparation of loan closing documentation and timely funding for Single Family 1-4 residential loans for either East or West coast closings. The Specialist will manage both the closing and funding functions in an environment of constantly changing deadlines without losing required high level of accuracy and production. The Residential Closing Specialist will also make recommendations for job-specific operational improvements such as efficiency, cost reduction, customer service and risk reduction. Duties are performed in accordance with established schedules and procedures, but employees must organize their own work, select proper equipment and supplies, make minor adjustments, and ensure proper completion of assigned tasks.
What are the essential functions of the job?
Prepare and review loan closing and funding documentation in an accurate and timely manner for a range of SFR 1-4 loan products:
Work with internal business partners at various levels to research and resolve transaction concerns.
Complete all internal funding documentation and distribute to appropriate departments.
Perform duties & responsibilities specific to department functions & activities or as assigned by supervisor.
Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.
Work with internal business partners, and lending office staff at various levels to research and resolve transaction concerns
Includes verbal and written interaction on items to research and resolve transaction concerns.
Essential Skills, Bodies of Knowledge and Abilities:
Products and Software:
Education, Experience, Training, or Certifications/Licenses:
Required: High School diploma and 2-3 years of experience in the banking industry.
Preferred: Bachelor’s Degree.
General Office Environment (administrative)