Residential Loan Closer I at Associated Bank in Green Bay, Wisconsin

Job Description:

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: careers@associatedbank.com

Job Summary
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.

Job Accountabilities

• 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 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.


• Accurately prepare final Closing Disclosure (CD) for borrower execution at closing. Critically review CD to ensure adherence to regulatory compliance requirements and bank policy.


• 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.


• 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.


• 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.


• Contact insurance agents, municipalities, treasurer offices and/or tax assessors to ensure that escrow accounts are set up correctly.


• 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 exceeded.


• Balance funding amount with settlement agent and wire funds via Associated Connect.

Education

• High School or equivalent combination of education and experience Required

• 2-4 years In a mortgage banking capacity (i.e. processing, review). Required

Compliance Statement
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR. Responsible to report ethical concerns as needed to Associated’s anonymous Ethics Hotline.

Associated Bank is committed to working diligently with any colleague who needs an accommodation perform the essential functions of the job. Please contact the Leaves & Accommodations office to request an accommodation.