Closer

Leader Bank is looking for exceptionally dedicated team members to join one of the country's fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $5 billion in assets, more than 400 team members, 6 branch offices, and annual mortgage originations of over $3 billion.
Exemplary products and an innovative spirit have driven Leader Bank's rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always improve our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion.
Summary
The Residential Loan Closer is responsible for managing the final stages of the residential mortgage process to ensure accurate, compliant, and timely loan closings. This role prepares and reviews Closing Disclosures (CDs), coordinates closing documentation, finalizes funding details, and works closely with settlement agents, attorneys, borrowers, and internal departments to ensure loans close smoothly and on schedule.
Responsibilities

• Prepare, review, and finalize Closing Disclosures (CDs) to ensure accuracy, completeness, and compliance with TRID, RESPA, and applicable federal and state regulations.
• Obtain and validate final closing details from settlement agents and conveyancing attorneys, including fees, payoffs, escrows, credits, and disbursement information.
• Finalize funding figures, including confirmation of final wire amounts and verification of wiring instructions and account numbers with settlement agents prior to funding.
• Ensure Closing Disclosures and closing packages are released in advance of closing, in accordance with regulatory timing requirements and internal service level expectations.
• Review loan closing packages for completeness and accuracy prior to release, including confirmation of escrow calculations and cash to close figures.
• Distribute finalized Closing Disclosures and closing documentation to settlement agents, attorneys, brokers, and borrowers within required timelines.
• Coordinate with internal departments-including Processing, Underwriting, Secondary Marketing, Funding/Wire teams, and Post Closing-to ensure loans continue to progress and all closing deadlines are met.
• Monitor rate lock expirations and ensure loans close at the correct rates, points, and terms.
• Track scheduled loan closings and maintain regular communication with settlement agents and attorneys to confirm closings occur as scheduled.
• Update the Loan Origination System with final closed loan data and provide daily reporting on closings and cancellations as required.
• Maintain settlement agent and attorney files, including required documentation such as closing protection letters and evidence of insurance coverage.
• Assist settlement agents and attorneys before and at closing to resolve issues and ensure successful execution of closing documents.
• Respond to internal and external audit requests in a timely, accurate, and professional manner.
• Support the Post Closing team by assisting with trailing documents and resolution of closing exceptions.
• Perform additional duties and projects related to loan closings as assigned by management.

Qualifications

• TRID and Closing Disclosure experience is required, including demonstrated knowledge of regulatory timing and accuracy requirements.
• 2+ years of residential loan closing experience and/or Encompass Loan Origination System experience preferred.
• Strong organizational and time management skills with the ability to manage multiple loans and deadlines simultaneously.
• High level of attention to detail and accuracy.
• Excellent written and verbal communication skills with the ability to interact professionally with internal teams and external partners.
• Strong problem-solving skills and the ability to work effectively in a fast paced, deadline driven environment.
• Willingness to work overtime as business needs require.
• Above average computer skills; experience with loan origination systems and standard office applications preferred.
• This position operates in a professional office environment and requires regular interaction with internal teams and external partners. Workload volume may fluctuate based on pipeline and market conditions.
• This job description is not intended to be all inclusive. Duties, responsibilities, and requirements may change at any time based on business needs.

Leader Bank offers an excellent compensation and benefits package including 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast growing, local organization.
Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status, or any other protected class.
The base salary range below represents the low and high end of the Leader Bank salary range for this position. Actual salaries will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance.
Salary Minimum: $52,886.00 - Salary Max: $79,329.00
The range listed is just one component of Leader Bank's total compensation package for team members. Other rewards may include annual bonuses, commissions, short- and long-term incentives, and program-specific awards. In addition, Leader Bank provides a variety of benefits to eligible team members, including health insurance coverage, a team member wellness program, life and disability insurance, a retirement savings plan, paid holidays and paid time off and vacation.
Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status or any other protected class.
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