Senior Mortgage Closing Specialist

BankNewport celebrates being a community bank since 1819. Offering new and exciting career opportunities, BankNewport is committed to providing our employees the resource and guidance to develop careers that are challenging and rewarding.

So if you’re looking for a great professional opportunity, know that BankNewport will empower and invest in you.

Performs various duties involved with the flow of loans through the Residential Lending Department in conformance with the Bank’s policies and procedures.

Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.

• Reviews title, confirms name, loan amount, property address and rate are correct in Encompass
• Reviews date appraisal e-sent/mailed to borrower
• Schedules closing with assigned attorney
• Ensures all fees are correct and there are no duplicate charges
• Runs “Mavent” to ensure loan timing, disclosures and fees are in compliance with regulations
• Prepares initial Closing Disclosure and sends within required time frames
• Prepares closing documents
• Completes HMDA closing fields
• Completes closing checklist and new loan disbursement sheets
• Reviews and approves final Closing Disclosure
• Wires funds to attorney
• Reviews daily “10 day” report and works with processors to manage initial CD issuance schedule
• Communicates professionally in oral and written format with internal and external customers
• Continually strives to improve the department’s efficiencies

OTHER ACCOUNTABILITIES / RESPONSIBILITIES:

• Performs related and unrelated duties as may be required
• May assist with mortgage processing as needed
• Provides back up assistance to post-closing and registration
• Cross trains and provides backup to consumer lending closers
• Works with management to test/develop new products including relevant forms and guidelines
• Assists manager to maintain and update the Closing Procedures folder
• Acts as a back up to manager on any closing issues during manager’s absence
• Standard 40 hour work week expected, though position may sometimes require early arrival, late departure or weekend hours

SUPERVISORY SCOPE:

Limited supervisory responsibility  

INDEPENDENT ACTION:

Performs work within established guidelines and according to specific procedures.  Refers problems to immediate supervisor.

QUALIFICATIONS:

• • High School diploma or its equivalent.
  • At least two years of banking experience with an emphasis on lending.
  • Experienced closer with a demonstrated proficiency in all phases of mortgage lending.
  • At least two years’ experience in mortgage closing.  
  • Understanding of mortgage production workflow and lending systems.
  • Must be detail oriented and be able to meet strict deadlines.
  • Good communications, interpersonal, organizational, and problem solving skills required.
  • Must be able to use various types of office equipment including a personal computer.

Physical Requirements

Any physical demands or work conditions described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable Accommodation may be made to enable individuals with disabilities to perform the essential functions.  Employees need to have the ability to:

• Travel independently to the position’s primary work location, other bank properties and work-related activities or events at locations outside the Bank.
• Effectively communicate and exchange accurate information and ideas so others will understand.
• Independently 0perate a computer and other office machinery, such as a calculator, copy machine, printer and software programs related to the position needed to complete the primary functions.
• Sit or stand at a workspace and use a computer or other equipment for prolonged periods of time.
• Meet the hybrid work schedule requirements for physically working in the office during normal business hours on Mondays and Wednesdays and another day of choice to effectively meet business needs.
• Move office items weighing up to 35 pounds.
• Work in an environment with low to moderate noise levels.

BANKNEWPORT CORE VALUES:

• We celebrate individuality
• We empower employees to be creative problem solvers
• We invest and take the time to really get to know our customers
• We commit to serving the financial needs of Rhode Islander’s

All employees of BankNewport are expected to support bank-wide efforts designed to understand, measure, monitor, reduce, control and report risk in the most efficient and cost-effective manner. Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market risk, operations risk and systems risk as well as attention to physical building safety and security. Furthermore, all support staff employees are expected to fully support the Bank’s “All In” initiative and utilize support staff training to consistently provide sales support to all departments. They should also possess an understanding of their department’s support metrics and continue to improve Bank efficiencies.

BankNewport is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity or expression, pregnancy, childbirth or related medical conditions, military service, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.