First Citizens BancShares

Full-service bank offering loans and investments

Senior Mortgage Closing Specialist

Retail & Commercial BankingPosted on Nov 9

Full-timeColumbia, SC, USANo salary listed

About the Job

Requirements

Bachelor's degree, or a high school diploma or GED and two years of experience in mortgage loan closing.
Knowledge of mortgage closing.
Strong written and verbal communication skills.
Attention to detail.
Preferred experience includes detailed knowledge of title insurance policies and experience working with Encompass.

Responsibilities

Prepare closing documents for title or escrow companies, review loan-file documents or records for accuracy, completeness, and compliance, and input information into loan origination systems.
Verify funding amounts, issue funding authorization or wire instructions, and reconcile amounts to general ledger accounts.
Generate, evaluate, and validate closing documentation before sending it to the settlement agent; calculate aggregate escrows and correspond with the settlement agent.
Review HUD-1 settlement statements, hazard insurance policies, title binders, security instruments, and tax records for accuracy.
Verify documentation complies with investor guidelines, legal guidelines, and Bank policy.
Manage a pipeline of ready-to-close loans and ensure closing packages are delivered before closing deadlines.
Receive and inventory closed loan packages from attorneys; source, compile, and review missing loan documentation or information from parties involved in the loan process.
Provide regular communication regarding corrections and loan status, and may provide direction or guidance on advanced loan matters to less experienced associates.
Review closing fee checks, ensure checks are payable to the appropriate parties, prepare the general ledger guide sheet, and forward it to accounting.

Desired Qualifications

Detailed knowledge of title insurance policies.
Experience working with Encompass.

Overview

*This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. The hours are 9:00 am - 6:00 pm Monday - Friday. *

This position prepares closing documents to be provided to title or escrow companies. Reviews documents in loan files or records for accuracy, completeness, and compliance, and inputs information into loan origination systems. Verifies funding amounts, issues funding authorization or wire instruction, and reconciles amounts to various general ledger accounts.

Responsibilities & Qualifications

Duties & Responsibilities:

Documentation - Generates, evaluates, and validates accuracy of closing documentation prior to sending to settlement agent. Calculates aggregate escrows and corresponds with settlement agent. Reviews HUD-1 settlement statements, hazard insurance policy, title binders, security instruments, and tax records for accuracy. Verifies that documentation is compliant with investor guidelines, legal guidelines, and Bank policy.
Closing Paperwork - Manages a pipeline of ready-to-close loans ensuring that closing packages are delivered prior to any closing deadlines.
Loan Support - Receives and inventories closed loan packages from attorneys. Sources, compiles, and reviews any missing loan documentation or information from parties involved in the loan process. Provides regular communication regarding corrections and loan status. May provide direction or guidance on advanced loan matters to less experienced associates.
Payment Processing - Reviews closing fee checks and ensures that checks are made payable to the appropriate parties. Prepares the general ledger guide sheet and forwards to accounting.

Position Specific Skills:

Communication (Written and Verbal)
Detail oriented
Mortgage Closing

Qualifications:

Bachelor's Degree

-OR-

High School Diploma or GED and 2 years of experience in Mortgage loan closing

Preferred Experience: Detailed knowledge of title insurance policies, experience working with Encompass

Preferred Skills: Strong attention to detail and communication skills.

Additional Information

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

About the Company

First Citizens BancShares

Full-service bank offering loans and investments

First Citizens BancShares operates First Citizens Bank, offering a full range of financial services for individuals and businesses. Its products include checking and savings accounts, credit cards, mortgages and auto loans, personal loans, online and mobile banking, wealth management and investment services, insurance, and small business banking. The core product set is accessed via online and mobile platforms, branch networks, and ATM access, with features like online statements, bill pay, direct deposit, and rewards programs. The bank positions itself through a broad suite of banking and financial services tailored to different customer segments such as personal, business, and wealth customers, emphasizing integrated banking experience and customer support. Overall, the goal is to help customers manage money, borrow for major needs (homes, vehicles, education), invest for future goals, and protect their financial security through a range of financial products and advisory services.

Company size: 10,001+
Company stage: IPO
Headquarters: Raleigh, NC
Founded: 1898

Recently Posted Jobs

Explore more opportunities at First Citizens BancShares

See more jobs