Closer

Responsibilities

• Manage pipeline for loans that are cleared-to-close and ready for closing documents to be prepared
• Oversee Docs Out to confirm loans closed and when package will be returned
• Closely examine all information pertaining to fees, rates, property information, vesting, etc. in loan file to ensure accuracy prior to drawing documents
• Verify Fee Sheets and Doc Order requests
• Look over all third-party invoices confirming they match those fees displayed on the final CD.
• Review FraudGaurd for any MERS updated information and third-party alerts. If new, third parties entered into the LOS, rerun FraudGuard Check title report for correct endorsements and approved items, and to verify that Borrower and property are correct
• Complete all required worksheets and checklists including closing checklist
• Conduct compliance review of CD and Compliance Ease, and validate that the loan passes all federal and state rules
• Verify pricing is in compliance with Plaza’s closing manual
• Prepare all closing documents and funding figures, and send to Settlement Agent
• Notify appropriate parties when documents are ready
• Validate estimated CD for all compliance requirements, if applicable
• Run a ‘tape’ to verify that the wire is correct and the loan balances. Double check all feeds for accuracy
• Review final funding conditions provided to determine requirements are met and either sign off or recondition, if not satisfactory
• When all conditions are met and Settlement Agent is ready to fund, update conditions, check fees for accuracy and request wire in system
• Confirm loans closed and funded with Settlement Agent. Ensure that proper fees are collected and that funding figures are calculated correctly
• Post-closing and index closing packages
• Review final CD for all compliance requirements. If fees change, rerun compliance test
• Assess file for completeness and accuracy to ensure compliance with government and company requirements
• Perform related duties as directed by Manager and/or Assistant Vice President
• Help Assistant Vice President and Underwriting as required
• Ensure all loans close and fund in adherence to all Plaza’s Policy & procedures, and are in compliance with all state and federal regulations
• Examine other closers’ loan documents and fund files as needed

Qualifications

• Understanding of state and federal regulations for loan closings
• Demonstrated skill in monitoring and overseeing loan production pipeline
• Experience with Loan Origination Systems (LOS) such as Calyx Point and Ellie Mae
• Skilled in Document Preparation Software, such as DocuTech or DocMagic
• Proficiency with computer systems including MS Office (Word, Excel, and Outlook) and Internet Browsers
• Excellent written, verbal, and interpersonal communication skills
• Strong attention to detail and the ability to efficiently and consistently produce accurate work
• Solid organizational and problem-solving skills
• Capability of multi-tasking in a fast-paced environment with a heavy volume of transactions
• Prowess in making quick decisions within written policy and standard operating procedures
• Proven aptitude to work in both a team and individual environment
• High school diploma or equivalent required; College degree preferred
• Knowledge of mortgage banking industry and closing loans

Compensation And Benefits

• Estimated Rate of Pay: $24.04 - $28.85
• This position is full-time; non-exempt
• The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.
• In addition, Plaza offers a competitive benefits package; including medical/dental/vision, paid time off and holidays, 401(k), life and pet insurance.
• Plaza also offers additional benefits such as Accident, Hospital, and Critical Illness insurance, and Flexible spending accounts along with a variety of discounted services.
• Plaza is an EEOC employer and follows all federal, state, and local laws relating to fair employment.
• Plaza Home Mortgage, Inc. is an Equal Housing Lender.