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Mortgage Closing Specialist II - 3DIB8 in Lake Oswego, OR at M&T Bank

Date Posted: 5/1/2018

Job Snapshot

Job Description

Mortgage Closing Specialist II
4949 SW Meadows Road, Lake Oswego, Oregon

 
BASIC FUNCTION:
Responsible for Closing Disclosure (CD) Issuance through to issuing closing documents and funding the loan. adhering to product, investor, state and federal guidelines.

POSITION RESPONSIBILITIES:
Maintain effective communication with all necessary parties involved in closing a transaction, from the customer, broker, correspondent, settlement agent, loan officer, post-closing, loan delivery, mortgage servicing, mortgage accounting, funding and co-workers to ensure a seamless closing experience, starting with CD preparation to CD Issuance through to issuing Final Closing documents.
Work with various internal departments as well as external organizations to obtain closing related documentation or obtain necessary information needed to complete a closing (i.e., payoffs, subordination’s, releases, tax, title, homeowners/flood information).
Perform a thorough and accurate review of the file to ensure the loan is in compliance with State and Federal guidelines. This also includes but is not limited to reviewing homeowners, flood, title and tax related documents.
Follow up on rate lock expirations and document expirations.
Review system of record information to ensure accurate closing documentation can be prepared and that the necessary closing documents are in the system.
Perform validation of fees and submit wires to fund all loans within necessary time frames.
Prepare and Issue CD timely and accurately, ensuring review of applicable at close conditions, investment required into transaction, and cash back at closing.
Report system and closing document issues to management.
Test closing documents and custom enhancements for system updates.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Complete other related duties as assigned.

NATURE AND SCOPE:
The scope of the position involves a high level of risk due to the importance of the regulations that a closer is responsible for adhering to such as TRID, High Cost, TILA, and RESPA.

MINIMUM QUALIFICATIONS REQUIRED:
Associate’s degree plus a minimum of 2 years’ prior Mortgage experience, or in lieu of a degree, a combined 4 years’ higher education and/or work experience, including a minimum of 2 years’ prior Mortgage experience.
Strong PC skills with knowledge of spreadsheet, word processing, and email software.
Specialized knowledge of all product, regulations and policies.
Proven ability to make sound decisions based on information provided.
Demonstrated versatility and flexibility working within an ever changing fast paced mortgage environment.
Proven ability to function independently within time constraints.
Excellent verbal and written communication skills.
Strong attention to detail and organizational skills.
Demonstrated ability to prioritize daily workload.
Proven ability to work in a team environment.
Strong work ethic, reliable and dependable.
Notary Public.

IDEAL QUALIFICATIONS PREFERRED:
Prior Mortgage experience in Mortgage Closing whether at a Lender, Title Company or Settlement Agent’s office.
Solid knowledge of department software

About M&T
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

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