Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Returning Candidate?
Residential Mortgage Closer II Job Locations US-MA-BostonPosted Date 8 hours ago(9/11/2019 12:29 PM) Job ID 2019-2152 # of Openings 1 Category Mortgage
Boston Private is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. Boston Private is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses.
Headquartered in Boston, Boston Private has offices across the U.S. including Boston, San Francisco, San Jose, Los Angeles and South Florida. Private banking and trust services are provided through Boston Private Bank & Trust Company. Wealth management services are provided through Boston Private Wealth LLC, an SEC registered investment adviser and a wholly owned subsidiary of Boston Private Bank & Trust Company.
The Residential Mortgage Closer II is responsible for ensuring all loans are closed accurately. This individual will assemble, prepare and review critical closing documents for mortgage loans; readying documents for the Closing & Loan Review Manager.
Coordinate loan closing/settlements with Bank attorney, escrow, company and or title company.
Prepare residential loan closing documentation for portfolio and secondary market loan closings.
Ability to learn Banks Encompass processing system and the IDS closing system and Banks Elynx/Swiftsend secure document delivery system.
Responsible for completing initial, final and post consummate Closing Discloure Forms, Hazard and Flood Insurance binders prior to release of any funds.
Responsible for completing Flood Worksheets and verifying Flood and Hazard Insurance Coverage to ensure there is adequate coverage.
Responsible for completing funding sheets and loan set up sheets so that new loans can be entered on the Banks FISERV loan system.
Responsible for preparing wire transfers for disbursement of settlement/closing funds to attorney, escrow or title company
Review preliminary title reports and CC&R's and make sure any defects are addressed and cleared if necessary prior to scheduling a closing with Escrow/title company
Monitoring of closing documents and time frame to determine if negotiation of a document redraw is necessary
Bachelor's Degree or Equivelant Experience
At least 5 years' experience with preparing closing packages that meet FNMA guidelines.
Applicant must be very detail oriented, be able to learn new concepts quickly and be able to work well under pressure.
Familiar with the concepts required to prepare a residential mortgage loan transaction including rescission rules, escrow analysis, loan caps/margins and program parameters.
Familiar with all the documents required to complete a residential loan closing.
Experience with preparing closing documents for secondary market investors. - This includes being familiar with using secondary market seller guides to locate investor documentation criteria.
Boston Private is an Equal Opportunity Employer
Options Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed
Software Powered by iCIMS
Internal Number: 6524965
About Boston Private Bank Trust Company
eFinancialCareers is a career site specializing in financial services.