Mortgage Loan Processor & Closer at First Federal Savings Bank Illinois Ottawa, IL

Mortgage Loan Processor and Closer First Federal Savings Bank On-Site Position Compensation and Benefits First Federal Savings Bank offers a competitive hourly pay range of $25.00 to $30.00, based on education and experience. Our benefits are designed to help employees take care of themselves while building a rewarding career. Our comprehensive benefits package includes medical, dental, and vision insurance, life insurance, disability coverage, and a 401(k) plan with employer matching. Employees also receive paid time for holidays, vacation, sick, birthday, and work anniversary. The position follows a Monday through Friday schedule, supporting a healthy routine outside the bank. Our employee wellness program reflects our commitment to employee well-being. We also keep our workplace welcoming with Jean Fridays, including a First Federal shirt provided. At First Federal, you can be part of a community bank where people know one another, teamwork matters, and your contribution has a visible impact. Build Your Career at First Federal First Federal Savings Bank is looking for an experienced Mortgage Loan Processor and Closer who takes pride in making the mortgage process accurate, organized, and positive for customers. For more than 130 years, First Federal has served its community as a trusted bank. We combine the stability and relationships of a long-standing community bank with the opportunity to make a difference in the lending experience of local borrowers. In this role, you will play an important part in helping customers move from mortgage application to closing. You will work closely with loan officers, borrowers, underwriters, and other lending partners to keep each loan progressing smoothly. This is an opportunity for a knowledgeable mortgage professional who enjoys ownership of the processing and closing process, communicates well, and can work independently with minimal supervision. What You Will Do You will manage residential mortgage loans from application through closing, including conventional, FHA, VA, and construction loans. Your work will include reviewing loan files for accuracy, completeness, and compliance; coordinating documentation and underwriting conditions; and keeping borrowers and lending partners informed about requirements, status, and deadlines. You will prepare and review Loan Estimates and related disclosures when assigned processing duties, as well as prepare, review, and issue initial, revised, and final Closing Disclosures in accordance with TRID requirements and applicable deadlines. You will assemble and review closing packages, confirm loan terms, fees, figures, and closing instructions, and coordinate closing details with settlement agents and other parties. The role also includes coordinating mortgage loan funding, verifying required conditions and documentation, and arranging accurate, timely disbursement of loan proceeds. After closing, you will complete loan boarding and required system setup, maintain complete loan records, and research and resolve documentation discrepancies or corrections identified through the post-closing review process. Throughout each loan, you will balance multiple files and priorities while maintaining high standards for service, accuracy, and compliance. What You Bring The ideal candidate has at least three years of hands-on residential mortgage experience, including direct responsibility for both mortgage loan processing and closing. You should have experience preparing closing disclosures, closing packages, and funding documentation, and coordinating residential mortgage closings. A working knowledge of conventional, FHA, VA, and construction loans, TRID disclosure requirements, mortgage documentation, loan origination systems, and applicable lending regulations is important. Success in this position requires strong attention to detail, organization, communication, time management, and problem-solving skills. You are comfortable managing competing deadlines, following through on details, and working independently with minimal supervision. Experience with Encompass loan origination software, mortgage loan funding, and loan boarding is preferred. Join Our Team If you are an experienced mortgage professional looking for a role where your processing and closing knowledge is valued, we invite you to consider First Federal Savings Bank. Bring your lending experience to a community bank with a long history, a collaborative team, and benefits that support you both at work and beyond. First Federal Savings Bank is an Equal Opportunity Employer. Submission of an application or resume is not a guarantee of employment.