West Central Indiana Job Board

Loan Closer

Posted: 05/03/2023

The Loan Closer is responsible for processing and closing mortgage and installment loans in accordance with Bank guidelines.

Essential Job Functions:

  • Provide excellent customer service to both internal and external customers.
  • Calculate settlement statements.
  • Send settlement statements and GFE to title company.
  • Prepare mortgage and consumer loan documents.
  • Provide closing services on Helocs, construction loans, installments, Bank properties, cash closings.
  • Data input for Consumer loans.
  • Organize documents in their proper place in the file once the closing is completed.
  • Complete wiring instruction.
  • Obtain insurance and payoffs for closing.
  • Verify employment for borrowers.
  • Prepare loan checks.
  • Complete HMDA information.
  • Prepare loans in progress report bi-weekly.
  • Collect year end data and prepare the CRA report binder for the Bank and Public CRA files for Bank and all branches for annual Board approval.
  • Prepare labels for closing folders.
  • File information with Real Indiana.
  • Acquire and maintain Indiana Notary Public status.
  • Participate in community events and organizations as a representative of THSB.
  • Comply with all Bank policies and procedures.
  • All other duties as assigned.


  • Completed High School diploma or GED.
  • Previous banking experience in areas of mortgage lending, loan review, credit analysis, loan administration, lending, loan regulatory compliance or credit underwriting strongly preferred.
  • ACH and HMDA experience preferred.
  • Freddie and FHA-VA closing experience preferred.
  • Good knowledge of general banking products and procedures.
  • Good knowledge of all areas in the consumer and loan area department.
  • Knowledge of loan documents.
  • Ability to prioritize and make on-the-spot decisions regarding customer transactions, weighing customer satisfaction issues with Bank exposure to loss or fraud.
  • Detail oriented with strong organizational, analytical and communication skills.
  • Ability to work independently.
  • Exhibit good judgment in decision making and problem solving.
  • Ability to work independently and take control of processes and procedures.
  • Ability to multi-task and work effectively with colleagues, managing time and resources to ensure work is completed efficiently and within established time frames.
  • Effective verbal and written communication skills.
  • Excellent customer service skills.
  • Mathematical skills.
  • Ability to work under pressure in a fast-paced environment.
  • High degree of accuracy.
  • Data entry
  • Basic computer operation and knowledge of Microsoft Suite programs.
  • Knowledge of various federal regulations including Bank Secrecy Act, Community Reinvestment Act, Americans with Disabilities Act, Right to Financial Privacy Act, Gramm-Leach-Bliley Act, Regulation E, Regulation Z, Fair Lending, Regulation C, Regulation X, Selected CFPB Regulations.
  • Transporting files up to 25lbs.
  • Able to lift, stretch and be mobile for this position.

The Hometown Savings Bank is an Equal Opportunity Employer

Job Type: Full-time

Pay: From $17.50 per hour


  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Paid time off
  • Vision insurance

Physical setting:

  • Office


  • 8 hour shift
  • Monday to Friday
  • Weekend availability


  • High school or equivalent (Required)


  • Banking: 1 year (Preferred)
  • Loan Closing: 1 year (Preferred)

Work Location: In person

To apply, visit https://www.thsb.com/home/about-us/careers