Mortgage Loan Closer

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Move your career forward at Old Second.

position Overview

The Mortgage Loan Closer is responsible for preparing, reviewing, and delivering accurate initial loan disclosures and closing documents in compliance with all federal, state, and investor regulations. This role ensures loans are properly disclosed and cleared for closing by validating fees, rates, and loan terms, coordinating with title companies and internal partners, and confirming regulatory timelines are met. The Loan Closer actively monitors assigned pipelines, resolves disclosure and closing issues, and collaborates across departments to meet internal service-level and timing goals while supporting a high standard of quality, accuracy, and customer service throughout the loan lifecycle.

Essential Job Functions

• Prepare and review closing documents in accordance with final underwriting approval, ensuring accuracy, compliance, and loan salability.
• Coordinate closings with title companies, confirm final figures, and approve funding.
• Review loan files for accuracy of fees, rates, property details, vesting, and loan terms prior to closing.
• Ensure compliance with all applicable mortgage regulations, including RESPA, TILA, HMDA, and Regulation B guidelines.
• Prepare and deliver initial disclosures, redisclosures, and Closing Disclosures (CDs) within required timelines.
• Review loan data including loan program, lock confirmations, title work, appraisal, mortgage insurance, purchase contracts, payoffs, homeowner’s insurance, and flood insurance to ensure accurate disclosures and fees.
• Monitor assigned pipeline to ensure disclosures and closings meet regulatory and internal deadlines.
• Validate and audit fees, including APR and non-APR charges, and resolve discrepancies.
• Partner with Loan Officers and internal teams to resolve disclosure or closing issues.
• Respond to and troubleshoot issues related to closings in progress.
• Participate in post-closing error resolution, quality review efforts, and final HMDA review requirements

Minimum Requirements

• High school diploma (or equivalent) and two or more years of mortgage-related experience; or equivalent combination of education and experience.

Competencies

• Strong knowledge of Closing Disclosure preparation and closing documentation
• Knowledge of TRID regulations, APR and non-APR fees
• Working knowledge of RESPA, Regulation Z, CFPB, and related compliance guidelines
• Proficiency with mortgage processing systems (Encompass)
• Understanding of the full loan lifecycle from Application through closing
• Excellent customer service and communication skills
• Strong attention to detail and ability to meet strict deadlines
• Positive, collaborative attitude that supports teamwork

Preferred, but not required

• Bachelor’s degree
• Previous loan closing and/or initial disclosure experience

Location Details

This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Actual schedule requirements may vary based upon business needs.

Compensation & Benefits

Base pay: $22.55 – $29.30/hour.

Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent’s knowledge, skills and experience.

Benefits: How We Support You – Old Second

Old Second National Bank is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to their real or perceived race, color, religion, creed, sex, marital status, national origin, citizenship, ancestry, age, sexual orientation, gender identity, disability, military status, genetic information, veteran’s status, or any other
protected characteristic under applicable law.

 

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