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Mortgage Loan Closer II

First Interstate Bank

Sioux Falls, SD

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JOB DETAILS
SKILLS
Americans with Disabilities Act (ADA), Analysis Skills, Banking Regulations, Banking Services, Billing, Coaching, Computer Mouse Hardware, Data Collection, Documentation, Educational Technology, English Language, Federal Housing Administration (FHA), Government Regulations, High School Diploma, Homeland Security, Identify Issues, Keyboards, Leadership, Loan Closing, Loan Funding, Loan Origination, Loan Processing, Maintain Compliance, Mathematics, Mentoring, Mortgage, Mortgage Lending, People Management, Physical Demands, Presentation/Verbal Skills, Process Improvement, Regulations, Regulatory Compliance, Regulatory Requirements, Sales Pipeline, Social Security Administration, Spanish Language, System Operations, Time Management, United States Department of Agriculture (USDA)
LOCATION
Sioux Falls, SD
POSTED
5 days ago
**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal. This position is a hybrid work model based at our Sioux Falls, SD Downtown branch. What’s Important to You We know your career is just one aspect of a meaningful, complex, and demanding life. That’s why we designed our compensation and benefits package to provide employees and their families with as much choice as possible. Generous Paid Time Off (PTO) in addition to paid federal holidays. Student debt employer repayment program. 401(k) retirement plan with a 6% match. The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve and why we want YOU to be a part of it. We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate. SUMMARY The Mortgage Loan Closer II is responsible for accurate preparation of the closing disclosure, closing documents, and funding of the loan until purchased by the investor. ESSENTIAL DUTIES AND RESPONSIBILITIES Manages assigned mortgage pipelines while being cognizant of service levels, quality and compliance, and client expectations. Reviews file documentation to verify compliance with Bank, regulatory, and investor requirements such as conventional, FHA, VA, USDA, and state bond programs. Reviews sales contract for all signatures, loan type, and correct date; validates fees and verifies all attachments or addendums are scanned. Updates the Loan Origination Software (LOS) to match file documentation as it is received; verifies all file contacts have been entered into the LOS. Reviews drive findings from Data Verify and clears any LDP/GSA issues that arise. Runs Mavent and Early Check for any compliance issues and ensures all are addressed appropriately; validates all invoices for closing and balances with a Settlement Agent. Reviews and validates all request for wires submitted by team utilizing existing procedures and guidelines. Assist in the closing and administration of mortgage loans according to established regulations and procedures. Supports all other roles involved in loan origination and processing to accurately gather documents and coordinate with the title company to close the loan. Verifies that loan files meet all applicable regulatory requirements in preparation for loan closing, adherence to disclosure timeframes for Closing Disclosure (CD) delivery, while working with various settlement agents to ensure closings are held on time with error free documents. Provides exceptional turn-time on a high volume of mortgage loan transactions. Provides guidance to other team members to include leadership and mentoring. Recommends and drives process improvements. Assists with peer coaching, development, training, and back-up support. Troubleshoots system issues as they arise. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. KNOWLEDGE, SKILLS AND ABILITIES Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. Ability to comprehend complex income situations for qualifying purposes. Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. EDUCATION AND/OR EXPERIENCE High School Diploma or General Education Degree (GED) required 4-6 years banking experience with an emphasis on loan processing and real estate lending preferred PHYSICAL DEMANDS AND WORKING ENVIRONMENT The physical demands and work environment are representative of those that must be met or encountered to successfully perform the essential functions of the job. In compliance with the Americans with Disabilities Act, the company provides reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer. Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently Lifting - Occasionally (up to 10 lbs) Sitting - Frequently Overtime - Subject to business need Noise Level - Moderate Typical Work Hours - M-F (8-5) Regular and Predictable Attendance - Required **If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal. First Interstate Bank is an equal opportunity employer committed to a diverse workforce and a barrier-free employment process. Employment is based solely on an individual's merit and qualifications directly related to the position. We do not discriminate on the basis of race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition, or any other characteristics protected by law. We make all reasonable accommodations to meet the obligations set forth under the Americans with Disabilities Act (ADA) and state disability laws. In order to ensure reasonable accommodations for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Era Veterans' Readjustment Assistance Act of 1974, and Title I of the Americans with Disabilities Act of 1990, as amended, individuals that require accommodation in the job application process for a posted position may contact us Monday through Friday, 8 am to 5 pm MST at careers@fib.com. All applicants must pass pre-employment screenings including a background check. First Interstate BancSystem participates in E-Verify which will require new employees to verify their identity and employment eligibility through the internet-based system operated by the Social Security Administration (SSA) and the Department of Homeland Security (DHS). E-Verify Notice English or Spanish Right to Work Notice English or Spanish

About the Company

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First Interstate Bank