Mortgage Closing Coordinator

Position: Mortgage Closing Coordinator | Division: Res Mortgage Lending|

Work
Days: Monday -Friday| Hours of Operation: 8:00am - 5:00pm

Why Broadway Bank:

We are one of the largest independently owned banks in
Texas with offerings in personal and private banking, wealth management,
business banking and mortgage lending.

Position Overview:

The Mortgage Closing Coordinator is
responsible for the administration of the loan closing, and funding processes
for portfolio residential mortgages, secondary market residential mortgages,
and one-time close residential construction loans. This role ensures the
seamless execution of loan closures by developing and maintaining departmental
policies and procedures, thereby safeguarding the bank's interests, and
complying with regulatory standards.

Essential Functions:

• Supervise the entire loan processing
  and closing lifecycle for portfolio and secondary market mortgage loans,
  including coordinating documentation and condition fulfillment.
• Communicate effectively with
  customers, vendors, and internal departments to gather necessary loan file
  documentation and ensure compliance with bank policies.
• Prepare and dispatch loan closing
  instructions to legal representatives, ensuring regulatory and
  underwriting conditions are met.
• Review attorney-prepared loan
  documents for accuracy, compliance with bank policies, and adherence to
  title commitments and approved loan terms.
• Authorize the release of documents
  to title companies and coordinate loan closings between borrowers and
  title companies.
• Review and approve
  Closing Disclosures , ensuring compliance with applicable regulations
  before authorizing the disbursement of loan proceeds.
• Oversee the closing disclosure
  review and approval process for mortgage loans sold in the secondary
  market, including the authority to wire funds.
• Administer the closing, funding, and
  servicing of one-time close and residential construction loans by
  coordinating document collection, reviewing compliance, and approving
  settlement statements.
• Coordinate physical inspections of
  construction projects to verify completion and prevent overfunding.
• Assist relationship managers with
  customer inquiries and keep them informed throughout the loan processing
  and servicing stages.
• Coordinate the
  closing of CRA loans with local and national
  nonprofit offices, adjusting loan amounts based on the borrower's ability
  to cover closing costs.
• Develop and maintain closing
  policies and procedures, ensuring they meet all regulatory requirements.
• Act as a subject matter expert on
  loan compliance regulations, leading the bank's residential real estate
  lending departments toward compliance.
• This position may require
  travel within the Bank's geographic area.

Experience & Education:

• A minimum of 4-6 years experience in residential loan processing, documentation, and closing.
• High school diploma or equivalent is required.
• A 4-year college degree in finance, real estate, or accounting is preferred.

Skills &
Qualifications:

• Proficiency in multitasking and
  prioritization.
• Strong knowledge of real estate and
  construction loan terminology, compliance, and legal requirements.
• Excellent written and verbal
  communication skills.
• Capability to manage heavy work
  volumes under pressure in a deadline-driven environment.
• Demonstrated decision-making,
  follow-up, and organizational skills with keen attention to detail.
• Strong mathematical aptitude.
• Proficiency in Microsoft Office
  Suite applications.

Other Requirements:

• Register and maintain registry as a
  Mortgage Loan Officer (MLO) with the Nationwide Mortgage Licensing System
  (NMLS) and Registry and in accordance with the Secure and Fair Enforcement
  for Mortgage Licensing Act (the S.A.F.E. Act).
• Meet and maintain financial
  responsibility, character and general fitness standards along with all
  other established requirements for an individual Loan Originator (LO) in
  accordance with Regulation Z.
• Stay abreast of changes in laws and regulations affecting real estate lending to assist with necessary procedural updates.
• Requires the ability to lift, carry, push, pull weights or otherwise move objects weighing as much as 10 lbs. on a regular basis and/or for extended periods of time during the workday.
• Occasional
  overtime or extended hours may be required.

We're a culture that offers resources to benefit your
overall health and well-being:

• Career Development and Mentorship Programs
• Generous paid time off, minimum 4 weeks
• Employee recognition, awards, and events
• Free vision insurance
• Retirement matching
• Tuition reimbursement

This job description is not
designed to be a comprehensive listing of duties, responsibilities, or
activities that are required for this job. Duties, responsibilities, and
activities may change at any time with or without notice.

Broadway Bank
is proud to be an Equal Opportunity Employer. Broadway Bank is a drug-free and
tobacco-free workplace, with a nicotine-free hiring policy. All qualified applicants
will receive consideration for employment without regard to race, color, sex,
sexual orientation, gender identity, religion, national origin, disability,
veteran status, or other legally protected status.

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