Mortgage Loan Closer
Primary function of a loan closer is to send closing instructions and closing document package to a closing agent within our required time frame. All information must be reviewed for accuracy and all supporting documentation must be included. The loan closer works closely with loan processors, pro
Primary Duties and Responsibilities:
Deliver complete and accurate closing documents to the necessary closing offices at least 48 hours prior to closing.
Review for accuracy all information in Loan Origination System required to close a loan.
Wire necessary funds to the closing agent within the required time frame.
Review and approve the final CD from the closing agent prior to authorizing the closing agent to fund the loan and release keys to the borrower.
Become familiar with investors and State’s closing requirements, forms and procedures and comply.
Check all loan documents for correctness and accuracy prior to funding.
Coordinate closings with escrow coordinators, Branch Managers and Loan Officers.
Interface with processors and borrowers as needed to collect conditions of approval.
Anticipate loan-closing requirements and maintain the proper timeline to manage funding volume in order to meet funding goals.
Monitor fees being charged, collected, and waived to ensure proper collection of fees and revenue.
Follow up and obtain documents and/or corrections noted by Post Closing Department or investors.
Assist Closing Supervisor as needed.
Education and Experience Requirements:
High School Diploma or equivalent
3 - 5 years of closing and/or closing and processing Conventional/FHA/VA experience
Strong computer background with 3 - 5 years experience in mortgage software
Attention to detail
Knowledge of office procedures
Current knowledge of closing and title requirements
Valid driver’s license
Regular interaction with Home Building Division, Mortgage Production Division, Processing staff and Closing Agents.
Requires the ability to operate a personal computer, fax machines, copier, bend, stoop, reach, lift, move and carry materials and supplies weighing 20 pounds or less. Finger dexterity is required to operate a computer keyboard.
Interact well with other associates
Possess positive and professional attitude and represent company in a positive manner
Provide outstanding customer service, work well under pressure and be a team player
Possess excellent organization and analytical skills
Possess excellent oral and written communication skills
Strong computer skills
Understand and follow posted work rules and procedures
Accept constructive criticism