Mortgage Closer

at Sauk Valley Bank & Trust Company in Sterling, Illinois, United States

Job Description

The Mortgage Closer is responsible for the accurate preparation, coordination, and funding of residential mortgage loans. This role serves as the final operational checkpoint between underwriting approval and loan funding, ensuring that all loan documents, disclosures, and closing figures align with approved underwriting terms, regulatory requirements, and bank policies.

Working closely with Processors, Underwriters, title companies, and settlement agents, the Mortgage Closer ensures loans are closed on time, funded accurately, and deliver a high-quality borrower and partner experience. This position plays a key role in execution accuracy, compliance, and risk mitigation at the closing stage.

ESSENTIAL DUTIES

Pre-Closing & Document Preparation

Review loan files upon receipt from Processing and Underwriting to confirm all prior-to-close conditions have been satisfied or documented.

Prepare and deliver Closing Disclosures in compliance with TRID timing and accuracy requirements.

Validate closing figures to ensure alignment with underwriting approval, loan estimates, title commitments, and settlement agent fees.

Prepare complete and accurate closing packages using bank-approved document preparation systems and vendors for first- and second-lien loans.

Identify and resolve discrepancies in fees, loan terms, or conditions prior to closing, escalating issues when necessary.

Coordination & Closing Execution

Coordinate with title companies, settlement agents, attorneys, and internal staff regarding scheduled closings and document delivery.

Serve as the primary operational contact for closing-related questions and issue resolution.

Ensure all required closing documents are properly executed, dated, and returned in accordance with closing instructions.

Funding & Disbursement

1. Prepare and submit wire and funding requests in accordance with internal controls and bank policy.
2. Ensure loan proceeds are disbursed accurately and timely for purchase, refinance, and home equity transactions.
3. Confirm all funding prerequisites have been satisfied prior to release of funds.
4. Upload loan data and documents into SilverLake through ABT interfaces.
5. Complete HMDA worksheets and system data entry.
6. Perform loan boarding, booking, and post-closing system maintenance.

Compliance & Risk Management

1. Ensure adherence to applicable federal and state regulations, including TRID and RESPA, during the closing process.
2. Identify and resolve tolerance issues prior to closing in accordance with regulatory guidelines.
3. Uphold bank policies, procedures, and internal controls throughout the closing and funding process.
4. Maintain accurate and complete documentation to support audit and compliance review.

The position of Mortgage Closer performs duties specific to the position and other functions as assigned.

SUPERVISORY RESPONSIBILITY

The position of Mortgage Closer is not responsible for the supervision of any employee(s).

ENVIRONMENT AND PHYSICAL ACTIVITY

The environment for this position is an open office that is mostly clean and comfortable. It may include some minor annoyances such as noise, odors, drafts, etc. The incumbent is in a non-confined office-type setting in which he or she is free to move about at will.

The incumbent in the course of performing this position spends time writing, typing, speaking, listeni



Equal employment opportunity, including veterans and individuals with disabilities.

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