Mortgage Post Closer
Primary function of a post closer is to gather all required documents needed to complete a closed loan package within the required time frame. The post closer will review funding documents, send revised closing documents, and post close loans. All information must be reviewed for accuracy and all s
Primary Duties and Responsibilities:
Request missed required documents as needed from title, borrowers, sellers, loan officers, or other 3rd party services, such as: Corrected Closing Disclosure’s & ALTA’s, Miscellaneous documents borrower did not sign at closing or during the loan process, Requesting termite inspections/CO’s/Building permits from builder, Requesting signed documents from builder, Requesting other investor required documents to get conditions cleared from processors, underwriters, title companies etc., Working with HVC on getting appraisal corrections, Working with processors/closers/underwriters to ensure proper documentation is obtained, Working with underwriters to ensure correct documentation is uploaded, Working with processors to ensure correct final inspections are ordered
Monitor report to ensure that conditions are obtained within 10 day window
Work closely with post-closing and secondary marketing to review outstanding conditions and status of each one
Attend weekly meetings with secondary marketing to review outstanding conditions and status of each one
During the last two weeks of the month, assist processors by requesting flood certs to ensure they are in the file prior to closing
During the last two weeks of the month review the 5 day MERBALS report to ensure hazard insurance policies are uploaded in the file
If hazard insurance is missing, requesting it from the insurance agent that is assigned in the closing prep screen; if there is no company listed, follow up with the processor to obtain the agent information
During the last two weeks of the month, ensuring that 5 day verbal verifications of employment are completed
Post Closer is automatically notified when an elevation cert is uploaded into a file, if the property is in a flood zone, the elevation cert and appraisal must be forwarded to NAAIS if that is who the borrower is using for insurance.
If the loan closes without an elevation cert, follow up to be completed within three days of closing to ensure NAAIS receive the document as well as the appraisal.
Education and Experience Requirements:
High School Diploma or equivalent
2-3 years of closing, post closing and/or closing and processing Conventional/FHA/VA experience
Strong computer background with 2-3 years of 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 machine, copier, climb stairs, 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