Mortgage Closer- Remote

Southern Bancorp is a different kind of bank. As a Community Development Financial Institution (CDFI), a special certificate on designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals.

The Mortgage Closer is responsible for closing and funding loans according to established guidelines and procedures. This role will maintain a pipeline that consists of docs to be drawn, docs returned, funded, and shipped to investor for purchase.

For remote positions:

Location: this job is a remote position in AL, AR, FL, GA, LA, MS, MO, NC, SC, TN or TX.

Responsibilities:

• Manage pipeline ensuring adherence to service level agreements
• Draw loan documents in order which is cleared by Quality Control Department
• Perform data entry and audit of RESPA and required fields to ensure accuracy of loan Documents prior to being sent to Escrow/Title for signing
• Provide service to loan officer, underwriter, processor, and escrow agent in answering concerns regarding fees, impounds, funds to close, etc
• Check estimated closing disclosures for accuracy in closing dates, seller concessions, required funds from borrower and fees collected in relation to transaction.
• Review executed loan packages for completion
• Check signed loan documents for discrepancies with signatures, notary pages, and missing dates, prior to funding conditions as per underwriter approval
• Issue a Funding Conditions list to escrow agent, loan officer and processor for items needed prior to funding loan
• Collect items and sign off on conditions
• Request wire from warehouse bank to fund transaction and issue disbursement and record authorization
• Follow up with escrow agent within 24-48 hours after funding to collect Final HUD and closing checks
• Maintain up to date and accurate data in system for closing manager reports, file tracking and productivity
• Stack and package loan accurately and within a reasonable turn time to be shipped to investor for review
• Make mortgage insurance premium payments on all FHA loans in pipeline accurately and in a timely matter after closing
• Provide investor with all applicable conditions for clearance and purchase of loan
• Perform other duties as assigned

Requirements:

• High School Diploma or Equivalent and two years prior mortgage closing experience
• Knowledge of mortgage principles and theories
• Understanding of RESPA and TRID compliance
• Ability to deliver effective results and to meet deadlines
• Sound judgment and decision-making skills
• Ability to work under pressure and meet deadlines with minimal supervision
• Excellent phone and service skills
• Timely communication and response times according to department standards
• Fluency in second language preferred but not required

Physical/Sensory Requirements: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

What we offer our employees:

A positive impact on Your Future:

• 401(k)/Roth plan with immediate eligibility and employer match up to 6%
• Employee stock ownership plan
• Discounted rate on primary home mortgage
• Credit and housing counseling as well as free financial education tools available to customers and employees

Benefits to improve your health:

• No deductible medical insurance plan
• Dental and vision insurance
• Employer paid life and long-term disability insurance
• Flexible Spending Accounts

The opportunity to nurture your well-being:

• Paid holidays and paid time off
• Bonus plan
• Opportunity for merit raises
• Employee reward and recognition programs
• Community service opportunities

Southern Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, sexual orientation, gender identity, gender expression, status as a protected veteran, among other things, or status as a qualified individual with disability. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

As a Community Development Financial Institution, Southern Bancorp desires its workforce to reflect the diversity of the customers and communities that we serve. Racial and ethnic minorities, people from working class backgrounds, women and LGBTQ people are often underrepresented in many financial service industry professions. Therefore, we strongly encourage applications from people with these identities or who are members of other marginalized communities.