Mortgage Closer

Job Description

Job Description

SUMMARY

The Mortgage Closer is responsible for the accurate preparation, coordination, and funding of residential mortgage loans. This role serves as the final operational checkpoint between underwriting approval and loan funding, ensuring that all loan documents, disclosures, and closing figures align with approved underwriting terms, regulatory requirements, and bank policies.

Working closely with Processors, Underwriters, title companies, and settlement agents, the Mortgage Closer ensures loans are closed on time, funded accurately, and deliver a high-quality borrower and partner experience. This position plays a key role in execution accuracy, compliance, and risk mitigation at the closing stage.

ESSENTIAL DUTIES

Pre-Closing & Document Preparation

Review loan files upon receipt from Processing and Underwriting to confirm all prior-to-close conditions have been satisfied or documented.

Prepare and deliver Closing Disclosures in compliance with TRID timing and accuracy requirements.

Validate closing figures to ensure alignment with underwriting approval, loan estimates, title commitments, and settlement agent fees.

Prepare complete and accurate closing packages using bank-approved document preparation systems and vendors for first- and second-lien loans.

Identify and resolve discrepancies in fees, loan terms, or conditions prior to closing, escalating issues when necessary.

Coordination & Closing Execution

Coordinate with title companies, settlement agents, attorneys, and internal staff regarding scheduled closings and document delivery.

Serve as the primary operational contact for closing-related questions and issue resolution.

Ensure all required closing documents are properly executed, dated, and returned in accordance with closing instructions.

Funding & Disbursement

1. Prepare and submit wire and funding requests in accordance with internal controls and bank policy.
2. Ensure loan proceeds are disbursed accurately and timely for purchase, refinance, and home equity transactions.
3. Confirm all funding prerequisites have been satisfied prior to release of funds.
4. Upload loan data and documents into SilverLake through ABT interfaces.
5. Complete HMDA worksheets and system data entry.
6. Perform loan boarding, booking, and post-closing system maintenance.

Compliance & Risk Management

1. Ensure adherence to applicable federal and state regulations, including TRID and RESPA, during the closing process.
2. Identify and resolve tolerance issues prior to closing in accordance with regulatory guidelines.
3. Uphold bank policies, procedures, and internal controls throughout the closing and funding process.
4. Maintain accurate and complete documentation to support audit and compliance review.

SECONDARY DUTIES

The position of Mortgage Closer performs duties specific to the position and other functions as assigned.

SUPERVISORY RESPONSIBILITY

The position of Mortgage Closer is not responsible for the supervision of any employee(s).

ENVIRONMENT AND PHYSICAL ACTIVITY

The environment for this position is an open office that is mostly clean and comfortable. It may include some minor annoyances such as noise, odors, drafts, etc. The incumbent is in a non-confined office-type setting in which he or she is free to move about at will.

The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 30 pounds), carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling, and reaching.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

MENTAL DEMANDS

The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.

MINIMUM REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

• Minimum three (3) years of residential mortgage lending, mortgage operations, consumer lending, or related banking experience required.
• Minimum one (1) year of direct mortgage closing experience required.
• Working knowledge of residential mortgage documentation, closing procedures, funding processes, and regulatory requirements.
• Experience with HMDA, TRID, RESPA, SilverLake, and ABT systems.
• Experience with first mortgage, second mortgage, HELOC, and construction lending products.
• Must be bondable.
• Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• Knowledge of and be proficient in the use of a personal computer, Microsoft Office products, 10-key, calculator, and telephone.
• Strong knowledge of general office practices.
• Working knowledge of banking products and services, policies, state, and federal regulations. Ability to analyze statistical and financial data.
• Effective organizational and time management skills.
• Ability to work with general supervision while performing duties.
• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

The incumbent must be able to perform this position safely, without endangering the health or safety to him/herself or others.

Sauk Valley Bank is an Equal Opportunity Employer. SVB is committed to the provision of equal opportunity employment for all qualified persons in all job classifications in recruitment, selection and promotion without regard to race, color, religion, gender, gender identity, sexual orientation, parental status, national origin, age, disability, military status, veteran status or any other protected status. Submission of this information is voluntary and is not considered in employment decisions. This information will be kept separate from the employment files and is considered confidential.

Sauk Valley Bank offers medical, short term disability, long term disability, life, vision, dental and 401K benefits to all full time positions. PTO will vary depending on the level of the position. This position is/is not eligible for incentive.

Management reserves the right to change this position description at any time according to business needs.

Salary Range: $21.00 - $28.00 per hour depending on experience

July 2, 2026