Residential Loan Closer I
Company: Associated Banc-Corp
Posted on: October 13, 2019
Associated Bank is an equal opportunity employer committed to
creating a diverse workforce. We support a work environment where
colleagues are respected and given the opportunity to perform to
their fullest potential. We consider all qualified applicants
without regard to race, religion, color, sex, national origin, age,
sexual orientation, gender identity, disability or veteran status,
among other factors. Applicants with a disability who need
assistance applying for a position with Associated Bank are asked
to email: colleaguecare@AssociatedBank.com or call: (800)
Under general supervision, support front-line sales in the
preparation of residential mortgage loan closing documents.
Critically analyze supporting loan documentation, validate loan is
cleared to close, and ensure loan is closed in accordance with
underwriting approval. Address any differences if relevant.
Coordinate with other departments and vendors to resolve
impediments to closing. Update ELC with final figures, fees and
data; rerun AUS as needed. Identify violations to underwriting loan
tolerance limits and resubmit to underwriting for review. Confirm
that RESPA, TILA, HPML or HOEPA violations have not occurred prior
to sending out final loan closing documents. Accurately prepare
closing package and final Closing Disclosure (CD) in compliance
with regulatory requirements, investor guidelines and bank policy.
Stay current of changes in investor overlays, regulatory and
internal guidelines to ensure compliance and loan eligibility.
As a valued colleague of Associated Bank you play a critical role
in delivering an exceptional customer experience during every
interaction. Expectations for this position require the ongoing
focus on building solid and long lasting relationships by engaging
all customers in a positive manner. Colleagues should provide
customers a positive experience that includes undivided attention,
straightforward and knowledgeable service and insure that the
customers best interests are our number one priority. Consistency
around customer experience guidelines is key and expected from all
of our colleagues. Our goal is to simplify the customer experience
and deliver outstanding service to every customer, every time.
Operates in full compliance with internal policies and procedures
as well as applicable regulations and laws, including but not
limited to Bank Secrecy Act/Anti-Money Laundering requirements.
Responsible to report any procedure or process that doesnt meet
regulatory requirements including fraud, whether suspected or
confirmed, to management. This reporting can be done directly to
any member of management, including Human Resources or Corporate
Security, or can be reported through Associateds anonymous Ethics
KEY RESULT AREAS
Regulation and Compliance
Review supporting loan documentation for accuracy/consistency and
complete Closing Checklist. Confirm rate lock and document
expiration dates are valid through the date of
closing/disbursement. Coordinate with appropriate parties to
validate loan is clear to close and outstanding conditions have
been met. Order payoff statement updates for liens reflected on
title commitment and loan approval letter.
Complete final review of title evidence for any inconsistencies.
Make arrangements with the appropriate parties to the transaction
for correction, ensuring that Associated Bank will have a first
lien position on the final title policy.
Contact insurance agents, municipalities, treasurer offices and/or
tax assessors to ensure that escrow accounts are set up
Complete closing screens in ELC with accurate data and fees.
Generate/review closing package and instructions including, but not
limited to, the note, mortgage, rider(s) and affidavits.
Forward closing instructions to settlement agent to ensure our
requirements are met and final loan policy can be issued. Balance
fees with settlement agent and update ELC accordingly prior to
sending final closing package and any other specialty documents
required for closing.
Accurately prepare final Closing Disclosure (CD) for borrower
execution at closing. Critically review CD to ensure adherence to
regulatory compliance requirements and bank policy.
Ensure RESPA, TILA or TRID timing violations have not occurred.
Perform PredProtect test, or manual HOEPA process as applicable.
Verify underwriting loan tolerance limits have not been
Balance funding amount with settlement agent and wire funds via
Ensure timely receipt of closed loan package from settlement agent.
Review signed loan documents per policy and request outstanding
at-closing conditions. Upload/disposition package and ship original
signed documents to the Records Department.
High School or equivalent combination of education and experience
Associate's Degree Business, Finance, or related field
2-4 years experience in a mortgage banking capacity (i.e.
processing, review). Required
2-4 years in a financial environment that includes experience with
real estate loans. Knowledge of residential loan documents, loan
servicing policies and practices, as well as laws and regulations
applicable to loan programs, closings and real estate transfers.
Keywords: Associated Banc-Corp, Milwaukee , Residential Loan Closer I, Accounting, Auditing , Milwaukee, Wisconsin
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