Real Estate Loan Closer

About Marquette Bank

If making an impact is important to you, you belong with the Marquette Bank Team. You'll enjoy the opportunity to make a difference for our customers and in our neighborhoods. You'll love our welcoming, supportive, friendly, team-centered work environment - including perks like an expansive benefits package, growth opportunities, gym subsidy, tuition reimbursement and community involvement opportunities!

Come be a part of something bigger at Marquette Bank.

Founded by John F. McCarthy in 1945, the bank has been committed to providing financial services to meet the savings and borrowing needs of southwest Chicagoland. We have continued to grow and are proud to be a modern neighborhood bank with 20 branch locations to serve our customers and communities.

Pay Range: $50,000 - $65,000

The pay range is based on consideration of criteria such as required qualifications, experience, education and skills. Marquette Bank reserves the right to offer the selected applicant a salary commensurate with the applicant's qualification, experience, education and skills.

Position Summary:

The Real Estate Loan Closer is responsible for assembling, preparing, and verifying closing documents to complete real estate transactions. This role ensures compliance with regulatory requirements and supports Retail Lending - RE Underwriting under the direction of the Operations Manager.

Essential Duties and Responsibilities:

• Demonstrate working knowledge of Encompass.
• Maintain thorough understanding of TRID regulations.
• Review loan files for compliance and regulatory matters.
• Prepare and disclose Initial Closing Disclosure (CD).
• Conduct final review of closing conditions.
• Prepare various loan types including conventional, FHA, VA, IHDA, and Home Equity Lines & Loans using the loan origination system.
• Review tax and hazard information to ensure adequate escrow collection at closing.
• Verify accuracy of investor and vendor fees to be collected at closing.
• Prepare and submit lender figures and closing instructions to the title company.
• Print and review loan documents for accuracy and distribute to title company or loan officer for closing.
• Calculate funds required for closing and assist borrowers with final preparations and concerns.
• Review and correct Closing Disclosure with the title company until approved by all parties.
• Prepare wire transfer requests for loan proceeds.
• Maintain daily contact with borrowers, attorneys, title companies, insurance agents, and loan officers.
• Collaborate with the Funding Department to resolve any deficiencies or post-closing issues.
• Provide excellent customer service.
• Actively comply with all applicable laws and regulations to include the Bank Secrecy Act, the Community Reinvestment Act, and all other deposit, lending, or non-deposit service regulations; adhering to the Bank's internal policies, procedures, and risk management responsibilities contained in the Employee Handbook, the Employee Code of Conduct, internal controls applicable to this positions, as well as other applicable policies.
• Perform job-related responsibilities that support departmental and organizational goals, consistent with the scope and purpose of the position.

Knowledge/Abilities/Experience and Training Required:

• High School Diploma or equivalent required.
• Understanding of legal, compliance, and investor requirements for residential mortgage products.
• Strong written and verbal communication skills with attention to detail.
• Ability to work effectively under time constraints.
• Experience in closing FHA, VA, Conventional, and IHDA loans.
• Proficiency with Encompass software.
• Minimum of five years of real estate loan processing and closing experience.
• Working knowledge of ICE Mortgage Encompass, Outlook, and IHDA online documentation systems.
• Familiarity with investor closing requirements.

Physical Demands: The physical demands described here are representative of those that must be met by employees in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Regularly required to remain in a stationary position for extended periods of time.
• Occasionally required to move about the office to access file cabinets, office machinery, etc.
• Constantly required to position oneself to reach upper and lower drawers.
• Frequently communicates with staff and clients and must be able to exchange accurate information.
• Frequently required to lift and/or move up to 10 pounds and occasionally up to 20 pounds.
• Specific vision abilities required include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

Work Environment/Conditions

The noise level in this work environment is usually moderate.

We Care About You. Marquette Bank's total rewards package, for eligible employees, will vary based on the pay type of the position and may include variable pay such as performance-based incentives, commissions, target bonus and discretionary bonus. Marquette Bank also offers health insurance, term life and disability insurance, generous time off and two retirement plans: 401(k) Salary Savings Plan and Employee Stock Ownership Plan (ESOP), as well as other perks including a FREE FunRewards checking account. Available rewards may vary by location, job level, employment status, and years of service. To learn more about our rewards package, please visit: https://emarquettebank.com/about-us/benefits.

You Belong Here. We offer an inclusive workplace to encourage, support and celebrate our diverse employees and the communities in which we work and serve. Our culture is built on a commitment to serve others. Working together, valuing each other and celebrating our uniqueness delivers a better financial future to our customers and neighbors. To learn more about our diversity and inclusion commitment, please visit: https://emarquettebank.com/about-us/diversity-and-inclusion-commitment

Equal Opportunity Employer/Vet/Disability