Loan Closer - Intermediate
KForce

Job Info

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Responsibilities

Kforce has a client in search of a Loan Closer - Intermediate in Downers Grove, IL.Summary:The Loan Processing Team supports the Company Private Banking Mortgage Origination business. The team is responsible for processing of mortgages along with simultaneous HELOCs. During this process, the file will exit from the Prelim team and be appropriately assigned out to Processor. The Processor will then complete the entire process; inclusive of engagement with the Underwriting, Rate Lock, Closing, Quality and Mortgage Advisory teams as necessary. The goal is to ensure the complete financial package is received; the underwriting decision has been made; handle any appropriate inter-process changes from the Client or MA; obtain all required third party and vendor information; obtain a clear to close from quality and remediate all QC findings; and ultimately submit to closing according to Federal and State regulatory requirements. The Processing Specialist will be responsible to communicate with multiple internal and external groups to resolve any issues that may arise.Duties:

• Achieve daily production targets on a consistent basis and turnaround priority reviews within the stipulated timelines
• Maintain high standards and follow all process controls with no lapses
• Handle issues and escalate to management if required
• Interact with different stakeholder to resolve process issues and play key role in adding process controls
• Suggest process enhancements, possible automations for better controls, perform periodic risk and controls analysis with the team for process risk valuation

Skills

• At least Bachelor's degree
• 3+ years of experience in US mortgage loan originations
• Experience in Loan Processing process is preferred
• Excellent written and verbal communication skills to communicate with internal and external parties to resolve issues
• Expertise in Mortgage concepts; Working knowledge of major US Mortgage Regulations
• Detailed understanding of all stages of mortgage originations life cycle
• Proficiency in analyzing documents like Title, Homeowners Insurance/Flood, Appraisal, etc.
• Experience with analyzing business/consumer financial statements, individual credit reports, cash flow calculations and balance sheets
• Must have had exposure to production management, work allocation, prioritization, exception handling, and process documentation
• Proficient in Microsoft Office applications (Word, Excel, and Outlook)
• Proficient in organizing, priority setting, and pipeline management
• Ability to act independently and work in a fast paced, high production environment
• Time Management, flexibility & adaptability to changes
• Good analytical skills with attention to detail
• Coordination and teamwork (Internal and across teams)
• Stakeholder Management
• Exception Handling & Subject Matter Expertise, challenges status quo
• Work Shift: 9:00am - 6:00pm

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

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