The Closer is responsible for reviewing loan data in the LOS for compliance, completeness and accuracy, and for updating the data to match the final underwrite of the loan.
Duties include:
Obtain missing information and prepare files
Final calculations
Prepare and issue the closing disclosure (CD), including initial, final and corrective
Review and prepare credit and legal documentation packages for delivery
Ensure closed loan packages are delivered by deadline
Correspond with title companies, to include coordinating and scheduling closings
Balance CD with the title agent
Maintain open lines of communication with all parties to obtain loan status information
Provide support to internal and external customers
Prepare wire breakdown and place wire order
Review and update LOS with final data
Coordinate and assist to resolve issues that affect all parties involved
Education and/or Work Experience Requirements:
2 years of loan closing/funding experience in residential mortgage is preferred
Working knowledge of CD’s, FHA, VA, FNMA, and FHLMC guidelines, along with title commitments, hazard and flood insurance policies
Experience and knowledge of RESPA/TRID laws, disclosure timing and APR rules
High School Diploma required; Bachelor’s degree is a plus
Skills:
Good written and verbal communication skills
Aptitude for self-development and learning
Detailed knowledge of FHA/VA/USDA loan documents, credit documents and insurance documents
Proficient with MS Excel spreadsheet creation and reporting, ability to manipulate data
Strong planning and organization skills
Strong attention to detail
Ability to multitask and manage multiple priorities
Ability to prioritize work
Ability to complete a high volume of tasks with minimal supervision
Appropriate sense of urgency
Ability to work under strict timelines
Demonstrated ability to work well in a team environment
High level of integrity, ethics, discretion and professionalism in handling confidential and sensitive information
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Duties include:
Obtain missing information and prepare files
Final calculations
Prepare and issue the closing disclosure (CD), including initial, final and corrective
Review and prepare credit and legal documentation packages for delivery
Ensure closed loan packages are delivered by deadline
Correspond with title companies, to include coordinating and scheduling closings
Balance CD with the title agent
Maintain open lines of communication with all parties to obtain loan status information
Provide support to internal and external customers
Prepare wire breakdown and place wire order
Review and update LOS with final data
Coordinate and assist to resolve issues that affect all parties involved
Education and/or Work Experience Requirements:
2 years of loan closing/funding experience in residential mortgage is preferred
Working knowledge of CD’s, FHA, VA, FNMA, and FHLMC guidelines, along with title commitments, hazard and flood insurance policies
Experience and knowledge of RESPA/TRID laws, disclosure timing and APR rules
High School Diploma required; Bachelor’s degree is a plus
Skills:
Good written and verbal communication skills
Aptitude for self-development and learning
Detailed knowledge of FHA/VA/USDA loan documents, credit documents and insurance documents
Proficient with MS Excel spreadsheet creation and reporting, ability to manipulate data
Strong planning and organization skills
Strong attention to detail
Ability to multitask and manage multiple priorities
Ability to prioritize work
Ability to complete a high volume of tasks with minimal supervision
Appropriate sense of urgency
Ability to work under strict timelines
Demonstrated ability to work well in a team environment
High level of integrity, ethics, discretion and professionalism in handling confidential and sensitive information
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