Real Estate Residential Closer

Closer – Job Summary

Responsible for final review of mortgage loan information, preparing closing documents, funding the file accurately and sending closing documents to the closing attorney. Closer is also responsible to check the file for quality control from the precloser. Once the closer has prepared figures the file is to be reviewed by a teammate to confirm accuracy of the file prior to signing.

Responsibilities and Duties

• Manage a pipeline of purchase and refinancing files scheduled to close with the firm.
• Work collaboratively with teammates in all internal departments to provide world class service and a positive closing experience to our clients.
• Balance, fund, and disburse the file once the closing is completed and the lender has given the clearance to fund.
• Keep the software file updated with communication, file status updates, and notes.
• Work closely with the Buyer's Lender to receive and organize the closing package for closing and handing that off to the Attorney that is conducting the closing.
• Communicate with lenders and other parties in a positive, friendly, and helpful way.
• Perform independently, taking ownership of delegated tasks.
• Orientation towards continual learning, growth, and change.
• Exemplary organizational skills.
• Manage high volume transactions.
• Reviews approved mortgage loan to determine conditions that must be met prior to closing.
• Ensures mortgage loans are funded accurately and in a timely manner.
• Adhere to the deadlines required to close in a timely process.
• Confirms legal documents to be recorded are accurate and total cost to record is collected at closing.
• Reviews all preclosing documents for accuracy and confirm documents are up to date, including HOA letters, Taxes, Termite, HBW, Lender documents, Title Examination and Commitment of Title and is appropriately reflected on the Closing Disclosure.
• Work closely with our preclosing staff and attorneys coordinating title clearance; all title requirements to be cleared prior to closing.
• Responsible for payment in full and cancelation of all liens against the property, including, but not limited to, payoff of mortgage, loans, HOA, FIFA’s, taxes, outstanding utility bills, etc.
• Ensure that all items being paid at closing is calculated with per diem past closing date and shifts accordingly.
• Confirm receipt of all incoming funds from borrower and lender. Copies to be saved to the file.
• Confirm outgoing funds for payoffs, seller proceeds, and all checks cut for disbursements, along with internal ledger transfers. Confirmations and/or copies to be saved in the file for auditing purposes.
• Notify Precloser when closing statement is ready to send out to parties.
• Contact Attorney with issues related to money and/or document preparation.
• Apply EMD to file/cut return EMD with T&R.
• Sending seller mail away closing packages.
• Affix assistance Attorney/remote office with funding, table closing issues (they contact Closer for closing statement corrections and notifications of wire disbursements).
• Send signed closing statements/confirmation of disbursement to parties not in attendance to closing.

Qualifications

Ability to communicate with lenders and other parties in a positive, friendly, and helpful way.

Ability to perform independently, taking ownership of delegated tasks.

Orientation towards continual learning, growth, and change.

Exemplary organizational skills.

Manage high volume transactions.

Reviews approved mortgage loan to determine conditions that must be met prior to closing.

Ensures mortgage loans are funded accurately and in a timely manner.

Adhere to the deadlines required to close in a timely process.

Confirms legal documents to be recorded are accurate and total cost to record is collected at closing.

Reviews all preclosing documents for accuracy and confirm documents are up to date, including HOA letters, Taxes, Termite, HBW, Lender documents, Title Examination and Commitment of Title and is appropriately reflected on the Closing Disclosure.

Work closely with our preclosing staff and attorneys coordinating title clearance; all title requirements to be cleared prior to closing.

Responsible for payment in full and cancelation of all liens against the property, including, but not limited to, payoff of mortgage, loans, HOA, FIFA’s, taxes, outstanding utility bills, etc.

Ensure that all items being paid at closing is calculated with per diem past closing date and shifts accordingly.

Confirm receipt of all incoming funds from borrower and lender. Copies to be saved to the file.

Confirm outgoing funds for payoffs, seller proceeds, and all checks cut for disbursements, along with internal ledger transfers. Confirmations and/or copies to be saved in the file for auditing purposes.

Notify Precloser when closing statement is ready to send out to parties.

Contact Attorney with issues related to money and/or document preparation.

Apply EMD to file/cut return EMD with T&R.

Sending seller mail away closing packages.

Affix assistance Attorney/remote office with funding, table closing issues (they contact Closer for closing statement corrections and notifications of wire disbursements).

Send signed closing statements/confirmation of disbursement to parties not in attendance to closing.