Mortgage Loan Closer

About the role

This position is responsible for the closing duties associated with First United Bank mortgage loans according to all bank, investor, and regulatory requirements.

Location: Plano-Parkwood

Responsibilities

• File Auditing: Audit the mortgage loan file for accuracy and review underwriting approvals for clear-to-close and specific closing/funding conditions.
• Data Verification: Verify that the lock, loan approval, fees, and current loan entry program data all match completely.
• System Management: Ensure the loan is correct within the loan entry program, complete all required closing fields, and log file progress in the conversation log or loan story during every interaction.
• Title Coordination: Prepare and send closing instructions, invoices, insurance, and relevant file items to the title company 24 hours prior to closing.
• Closing Disclosure (CD) Management: Review title company CDs, secure MLC approval on figures, issue initial CDs to borrowers, and handle Changes of Circumstance (COC) CDs when applicable.
• Document Preparation: Prepare, review, and send final closing documents to the title company while maintaining strict compliance and accuracy.
• Funding Operations: Verify wiring instructions, initiate wire transfers, send expedited funding authorizations to title, and successfully complete all funding checklist items.
• Communication & Collaboration: Provide consistent file status updates to the MLC and Loan Assistant, and assist the post-closing and shipping departments with missing documents or file issues.
• Additional duties as assigned by supervisor.
• Completes all required compliance exams on a yearly basis.
• Adherence to all First United Policies and Procedures.
• Dresses professionally.
• Recommends to supervisor possible methods to improve department.

Requirements

Minimum of five years experience in a loan production environment; minimum of two years experience closing FHA, VA, FNMA, non-conforming and conventional loans.

Experience with ENCOMPASS loan origination and fulfillment software a plus; experience with Microsoft Word, Excel and Outlook; teamwork and customer service skills a must; strong written and verbal communication skills; strong ability to build and maintain relationships with other departments.