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Consumer Loan Closer
Commerce Bank
Kansas City, MO, United States
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Job Expectations:
How would you like to work for a great company that offers career growth and values your skills and experience? For over 150 years, Commerce Bank has built a strong reputation as a “Super Community” bank and is recognized as an industry leader. In today's growing and competitive financial services industry, we look for creative and innovative solutions to meet the needs of our customers. To achieve our results, we recruit the best and brightest employees who ask, listen and solve to meet our customers’ needs!
The primary responsibility for this position is to create closing documents for consumer purpose real estate transactions. Ensure compliance with department policies while accuracy and production goals are met. All necessary processes for Home Equity Loans, and Lines of Credit must be handled according to internal departmental procedures. Exemplary customer service to both internal and external customers is expected at all times. Regulations set forth by Commerce Bank’s Legal, Compliance and Risk Departments including but not limited to Sarbanes Oxley Act (SOX), RESPA, HMDA, and Regulation Z must always be adhered to.
• Review each approved loan file upon receipt so closing packages can be generated for all assigned loan files in accordance with established turn-time expectations.
• Maintain open communication with all interested parties in accordance with current Service Level Agreements.
• Thoroughly review loan files to verify completeness of data prior to preparing closing documents.
• Ensure Loan Origination System is updated to contain appropriate and accurate system input based on supporting documentation in the file.
• Satisfy required underwriting conditions.
• Ensure Loan Origination System input is completed in accordance with policy including accurate file status and all required data fields.
• Collect and document loan funding detail and prepare for disbursement.
• Timely submission of approved files to closing Retail and Private Banking associates.
• Independently and proficiently close highly complex files.
• Timely follow-up and correction of post-closing deficiencies.
Work Hours: Monday - Friday, 8:00am-5:00pm
Education Required:
• High School diploma or equivalent
• Prefer: 2 year degree in Business, Finance or Accounting
Skills Required:
• 1 + years of recent real estate processing experience
• Knowledge of mortgage industry guidelines and regulation
• 2 + years of previous loan processing and/or servicing experience
• Good overall PC skills including spreadsheet and word processing
• Competent skills using Microsoft Excel, Word, and Outlook
• Excellent time management
• Good organizational skills
• Detail oriented
• Good verbal and written communication skills
• Ability to work in a fast-paced environment while maintaining accuracy
Preferred Skills:
• Retail Lending experience
• Familiarity with Microsoft Access
Time Type:
Full time