Mortgage Loan Closer

About the role

The role involves closing mortgage loans for secondary and in-house portfolio products. Essential duties include reviewing applications and loan approvals, coordinating with external parties, assembling closing packages, and communicating with borrowers and attorneys.

Responsibilities

• Reviews application/Loan approval for completeness, accuracy and proper approval.
• Reviews approved mortgage loan to determine conditions that must be met prior to closing, such as purchase of private mortgage insurance.
• Calls borrower, real estate broker, and title company to request specified documents, such as receipt for payment of outstanding tax bill.
• Calls borrower, broker, and other specified individuals to arrange time and date for closing.
• Evaluates documentation on various escrowed items to determine compliance with company policies and procedures.
• Calculates final figures for HUD settlement statement and instructs attorney accordingly paying close attention to final HUD figures.
• Records loan information in log and on government reporting forms.
• Compiles closed loan forms for delivery to Mortgage Post Closers for sale to investors.
• Aids in the audit process and shipping of closed loan files.
• Assists in scanning and retrieval of recorded final documents.

Requirements

• High school diploma or equivalent.
• One to three months related experience and/or training, or equivalent combination of education and experience.

Qualifications

• Ability to work under stress and meet deadlines.
• Ability to operate related equipment to perform the essential job functions.
• Ability to read and interpret a document if required to perform the essential job functions.
• Ability to travel if required to perform the essential job functions.
• Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions.

Skills

• Strong organizational skills.
• Excellent communication skills.
• Attention to detail.
• Proficient in Microsoft Office Suite.

Benefits

N/A

Pay

N/A

Schedule

N/A