A great banking experience starts with a great team! Mid Penn Bank is actively seeking a Closing Settlement Specialist to join our team.
We believe that our ongoing success depends upon a skilled, satisfied and valued work force. As a member of our team, you can expect opportunities to develop your skills to help you excel in your role and achieve your professional career goals. We offer a comprehensive range of flexible benefits to support your personal and financial well-being.
Position Overview
The Closing Settlement Specialist will be responsible for performing various administrative duties to support the mortgage loan closing function; coordinating work within the department, as well as with other departments; complying with operating policies and procedures established for the loan closing function; communicating with appropriate personnel; responding to inquiries or requests for information; maintaining appropriate records and providing assigned reports.
Essential Duties and Responsibilities
- Tracks closing dates on all new mortgages to assure closing dates met.
- Prepares loan closing documents for portfolio and sold loans.
- Works with attorneys, title companies, and borrowers to coordinate closings, and make sure all necessary mortgage documentation is completed and delivered in a timely manne
- Reviews all mortgage files for proper compliance disclosures, signatures, and documentation prior to closing
- Assists with obtaining loan conditions
- Confirms closing dates and times with settlement agents, loan officers and borrowers.
- Tracks and reviews title package, home owners insurance and loan conditions
- Adheres to all TRID rules and regulations when preparing/distributing initial and final closing disclosures
- Completes and distributes the Closing Disclosure and/or reviews Closing Disclosures when received from attorney or Title Company for accuracy prior to distribution. Responsible for balancing the closing disclosure before closing and generate the closing package
- When necessary, makes corrections to closing documents and gets corrected documents signed and processed in a timely manner
- Verifies settlement company wire instructions and prepares necessary Loan Disbursement wires and General Ledger transactions (TMS) for loan funding
- Orders all portfolio loan payoffs and home insurance when necessary.
- Obtains verbal verifications of employment, OFAC clearance and submits UCD information as required
- Inputs loan closing information on investor website in a timely manner to insure the investors purchase all secondary market loans. May need to obtain specific documents for closing on the investor websites
- Maintains flexibility and multi-tasking skills at all times. Assists with whatever is necessary to get the loan files cleared for closing
- Maintains appropriate records and provides assigned reports.
Education & Qualifications
- A high school diploma or equivalent with an emphasis in business curriculum.
- Specialized education or training relating to mortgage processing through Encompass software strongly preferred.
- A minimum of two (2) years’ related experience normally required.
Skill(s)
Proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communicative skills; proficient PC skills; proficient typing and word processing skills; ability to sit, stand, walk, bend, stoop, reach with hands or arms, use hands to manipulate objects, handle or feel, and lift items weighing 20 lbs. or less; visual, auditory and speaking skills.
Equipment/Machines
- Telephone
- PC/Computer keyboard
- Printer
- Calculator
- Fax machine
- Copy machine
Pay Transparency
We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.
Benefits
Mid Penn Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account, dental and vision insurance; life insurance; 401(k) program with employer match and employee stock purchase plan; paid time off, paid holidays; disability insurance coverage, parental leave; employee assistance program, and tuition reimbursement.
In addition, all employees are eligible to participate in mentorship programs, receive individualized development and career counseling, and participate in Mid Penn University courses and development programs.
EEO Statement
Qualified applicants are considered without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, genetic information, pregnancy, disability, or protected veteran status. We also comply with all applicable laws governing employment practices and do not discriminate on the basis of any unlawful criteria.
Equal Opportunity Employer–Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity
Sponsorship Statement
As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Mid Penn Bank currently or in the future.