Mortgage Loan Closer

WHO ARE WE: Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration, innovation, adaptability, and an entrepreneurial spirit at all levels of our company. By consistently seeking improvements and growth, we foster long-term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.

CORE VALUES: Passion for Excellence :: Success is Never Final :: Do the Right Thing :: One Alerus

ABOUT THE ROLE:

The Mortgage Closer position monitors and manages the closing of mortgage files to title companies. This position will have knowledge of the mortgage loan process, along with performing the due diligence needed to ensure closing is complete and accurate. This position will maintain a client focus and will partner with mortgage closers, mortgage processors, underwriting, compliance, and sales team members to deliver a superior client experience.

WHAT YOU'LL BE DOING:

• Review closing file for completeness and accuracy. Including purchase agreement, appraisal, title, and property insurance.
• Prepare and deliver closing instructions.
• Ensure all Investor/Agency requirements are met.
• Verify and update applicable fees and prepare funding documentations.
• Data input including vesting and property details, closing conditions, investor specific data, 4506C data entry, and FHA/VA/USDA/BOND documentation entry.
• Coordinate final approval and closing conditions to the Title Companies.
• Prepare balance sheet for loan funding and reconcile proceeds check from closing.
• Ability to close multi-state loans meeting state specific lending guidelines.
• Assist with work escrow release requirements.
• Obtain, review, and clear required approval conditions.
• Prepare fees, monitor, and track closing disclosures.
• Identify and implement process improvements that enhance the client experience and build scale.

WHAT YOU SHOULD HAVE:

• Minimum of 3 years mortgage closing experience or equivalent mortgage experience.
• High-level commitment to accuracy and detail.
• Demonstrate the ability to manage high volume, time sensitive transactions and situations.
• Ability to carry out the work of mortgage programs and projects, to include availability to work after hours to support business needs.

WHAT WE BRING TO THE TABLE:

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave.
• Learning and development resources for personal and professional career development, and advancement opportunities.
• Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
• Support for the communities we live in through paid volunteer time and a company donation match opportunity.

WORK ENVIRONMENT: Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally, the employee must occasionally lift or move supplies and materials up to 20 pounds.

BASE PAY RANGE:

$26.00 - $31.00 per hour

The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities, duties, and qualifications required of employees assigned to this job.

Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.