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Closing Manager

Iowa Bankers Mortgage Corporation

Details

Posted:

December 18, 2020

Location:

Johnston, Iowa

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Type:

Full Time - Experienced

Category:

Finance & Banking

The Closing Manager manages closing, funding, shipping and delivery of Full Service Program loans.

Essential Duties and Responsibilities for this position.

Manage staff of closers, funding, delivery and requisite support staff for each, including temporary staff as necessary.

Refine, determine, implement and maintain processes for timely funding and delivery of all loans, both those held by IBMC and those sold on the secondary market

Lead and manage the closing process and refine closing functionality both in practice and technologically

Monitor secondary market loan post closing/shipping requirements and lead fulfillment with strong communication with lock desk/marketing

This position is eligible for a $5,000 sign on bonus to be paid out after 90 days of employment.

Required Education: Hight School Diploma or GED.

Required Work Experience: Minimum 10 years mortgage experience including at least 3 years’ experience closing/funding loans and correspondent experience. The ideal candidate will have more than 5 years’ experience closing/funding loans and correspondent experience. A background in delivery of high-quality secondary market loans. Extensive experience in reviewing title work, appraisals, origination software, closing processes, ensuring compliance through definition and implementation of process, understanding of secondary market requirements for pull through and best efforts/mandatory pricing, knowledge of both conventional and government loan products and their respective requirements for insuring ; recent compliance training and knowledge surrounding RESPA and TILA, ability to apply regulatory compliance and investor requirements in developing departmental processes. Experience in closing secondary market loans in states other than Iowa, including states that utilize settlement agents and/or remote closings/eclosings.

Technology Skills: word, excel, DU, DO, LP, GUS, origination software (preferably Encompass), closing software, SnapDocs

Required Skills or Traits for the Position: Ability to review processes and visualize necessary changes and implement complex strategies within a multi-faceted organization. Extremely high level of customer service, origination, processing, closing, funding, shipping/post closing

This position is based in Johnston, Iowa and it is not a remote opportunity.

Internal Number: IBMC

About Iowa Bankers Mortgage Corporation

Throughout its history, the Iowa Bankers Association (IBA) has dedicated itself to serving Iowa banks and their employees. At its formation, the primary purpose of the organization was to provide representation of Iowa banks before the legislature and to provide an organization where individual bankers could gather and exchange ideas on the business of banking. Never straying from the original purpose, the IBA continues to look for ways to serve bankers through learning opportunities, legislative and regulatory representation, industry communications, forums for peer communication and enhancement of the image of banking.