Mortgage Construction and Post Closing Specialist

If you have a meticulous eye for detail and a passion for mortgage banking, here is an exciting opportunity for you! Mercantile Bank is seeking a Full-Time Mortgage Construction and Post-Closing Specialist to join our team in Alma, MI. As a key player in the construction and post-closing process, you will be at the forefront of ensuring smooth and accurate mortgage transactions. This role offers the chance to grow your career in a dynamic industry while contributing to our company's success.

Core Responsibilities:

• Prepare and disburse funds for construction draws
• Track and review closing packages
• Collaborate with the Secondary Market team to ensure loans are delivered to investors promptly and accurately

Why Mercantile Bank?

Mercantile Bank was founded by entrepreneurs who believed building strong relationships and communities is accomplished through collaboration and innovation. It's more than being a financial institution, it's being a trusted ally and community partner. As Michigan's largest community bank, our roots are deeply embedded in the diverse communities we serve. Our commitment to our customers and community is at the core of all we do.

As an employee of Mercantile Bank, you will receive competitive compensation, bonus opportunities, and best-in-class benefit options. With a minimum of 3 weeks' vacation, sick time, 11 paid holidays, generous 401k match of 5%, company paid life insurance, tuition reimbursement, IVF and adoption assistance, zero-interest loans for fitness equipment and business attire, discounted bank services, employee stock purchase plan, 529 savings plans, health savings accounts, flexible spending accounts, legal protection, exceptional training and development opportunities, and encouragement to connect with community through volunteer opportunities.

A Look into Your Day

As a Mortgage Construction and Post-Closing Specialist at Mercantile Bank in Alma, MI, you will play a vital role in the residential mortgage loan process. Your responsibilities will include preparing and disbursing funds for construction draws, tracking and reviewing closing packages and collaborating with the secondary market team to ensure loans are delivered to investors promptly and accurately. You will utilize various systems and tools to transmit files, prepare HUD binders for insuring, activate PMI policies, disburse loans, and monitor construction disbursements. Additionally, you will provide exceptional customer service by interacting with internal teams, title companies, customers and settlement agents to exceed service expectations.

Your compliance knowledge and attention to detail will be crucial in ensuring adherence to policies, procedures, and regulations, contributing to the overall success of our mortgage operations. Apply now to join our dynamic team and make a difference in the mortgage banking industry!

What We're Looking For

To excel as a Mortgage Funding & Post-Closing Specialist at Mercantile Bank, you will need strong verbal and written communication skills will be essential for interacting with customers and internal teams effectively.

Requirements:

• 1-3 Years experience in banking or mortgage operations and closing
• A high school diploma or GED

Preferred Qualification:

• Understanding of mortgage regulations, construction draw processes and lending guidelines
• Knowledge of title policies

Additionally, your passion for delivering excellent customer service and proficiency with Microsoft Office and related software tools will set you up for success in this role. Attention to detail, problem-solving abilities, and a proactive approach to resolving issues will be key traits to ensure accuracy and efficiency in handling post-closing tasks. Join us at Mercantile Bank and leverage your skills to make a meaningful impact in the mortgage banking industry!