Residential Loan Closer

POSITION:  RESIDENTIAL LOAN CLOSER

Summary:

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being.  We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. As a Residential Loan Closer, you will have an in-depth knowledge of residential loan products, closing documents, policies, and procedures. You will be responsible for the coordination, preparation, and timely delivery of all home equity and mortgage loan closing documents.

Key Result Areas:  

• Effectively manage and monitor assigned closing pipeline within regulatory compliance guidelines, rate lock expiration dates and purchase closing dates.
• Prepare Closing Disclosures in collaboration with bank approved closing attorneys to ensure accurate and timely delivery to the borrower(s) in compliance with TRID.                             
• Schedule loan closings with bank approved closing attorney’s or branch offices in an efficient and frictionless manner.
• Prepare and review closing documents including and not limited to completing a final verification of employment and credit refresh, ensuring proper maintenance of Encompass within the bank’s defined procedures, and utilizing checklist(s) and other various source documents including Title, MLC, ALTA, seller CD.
• Assist in curing all post-closing errors and omissions for both investor, agency, and portfolio loans in a timely and efficient manner.
• Attend and participate in regularly scheduled in-person staff meetings and attend daily huddle Teams video call to discuss closing priorities.
• Work both independently and as a team with Mortgage Loan Officers, Loan Analysts, Underwriter, Branches, Loan Servicing, Attorneys and Management to ensure a smooth closing process and that all compliance requirements are met on every file.
• Maintain strong working relationships with internal and external customers and positively contribute to resolving issues in a solution-oriented manner.
• Perform additional duties as required.

Qualifications: 

• Bachelor’s Degree preferred.
• 1-2 years’ residential closing or other mortgage related experience in a collaborative workplace preferred.
• Strong analytical, organizational, and detail-oriented skills.
• Excellent written and spoken communication skills.
• Experience using Encompass Loan Origination System (LOS) preferred.
• Excellent computer skills in Microsoft Windows Environment to include Outlook, Word, and Excel.
• Knowledge of federal and local regulations or ordinances concerning lending activities.

The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities the inclusion of which would be in conformity with the major purpose of this job.

Location:                     

Hybrid/Waltham, Massachusetts 

About Cambridge Savings Bank: 

Cambridge Savings Bank is a full-service banking institution with over $6 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. In March 2023, Kroll Bond Rating Agency affirmed CSB’s investment-grade rating, reinforcing the bank’s position as a reliable business lender. To learn more about how CSB can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370

Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.

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