Mortgage Loan Closer
Asset Based Lending, Cherry Hill, NJ, United States
Founded in 2010 and headquartered in New Jersey, Asset Based Lending, LLC ("ABL") is a leading hard money lender in the U.S. We specialize in fast Bridge financing for real estate investors, supporting the purchase, renovation, or construction of single-family, multi-family, and mixed-use properties, as well as DSCR rental loans for long-term investors. Since our inception, we’ve closed thousands of loans, generating nearly $3 billion in originations. Acquired by a private equity firm in 2021, ABL is poised for continued growth, aiming to solidify our position as the nation’s premier private lender.
Our Mission is Simple
Make Good Loans
Provide Exceptional Service, Every Time
Protect The Firm
Build The Future
Position Summary We are seeking a detail-oriented and experienced Mortgage Loan Closer to manage the final phases of our loan origination process. In this role, you will ensure all documentation is accurate, complete, and fully compliant with regulatory standards, while coordinating with internal and external stakeholders to facilitate seamless closings for Bridge & DSCR loans. The ideal candidate thrives in a fast-paced environment, possesses strong problem-solving skills, and is committed to delivering high-quality service to support our borrowers' real estate investment goals.
Key Responsibilities Scheduling and Pipeline Management
Coordinate and schedule loan closings with title companies and/or settlement agents, ensuring timely alignment and document delivery; manage a pipeline of 20-30 loans and meet performance requirements for volume, quality, and timeliness.
Escrow Management
Review tax certifications and insurance documentation to determine the appropriate amounts and ensure the correct amounts are collected.
Settlement Statement Management: Prepare, review, balance, and approve initial and final HUD Settlement Statements, to accurately summarize transaction financials, ensuring accurate loan terms and fees.
Generating and Approving Closing Packages
Input and confirm required data, generate, evaluate, validate, approve, and send closing packages and instructions; ensure packages meet requirements and are delivered within established deadlines.
Loan Documentation Review and Preparation
Examine and prepare loan documents, such as promissory notes, deeds of trust, security instruments, and supporting paperwork, to verify accuracy, completeness, and adherence to company policies, hard money lending practices, and state/federal regulations.
Quality Control and Compliance
Perform peer reviews and quality control checks on team members' work using checklists to ensure accuracy and completeness.
Funding Coordination and Authorization: Partner with the funding team to confirm wire amounts and authorize disbursements.
Post-Closing
Receive, inventory, and review closed loan packages from settlement agent; source, compile, and address any missing documentation or information; handle post-closing tasks, such as resolving audit findings, filing documents, and updating systems.
Coordination with Stakeholders
Serve as liaison between Asset Based Lending and closing agents; actively engage and communicate with borrowers, title companies, attorneys, real estate agents, brokers, and other internal/external parties to collect missing documents, resolve issues, email final figures, and provide regular updates on corrections and loan status.
Cultural Alignment
Demonstrate behaviors aligned with the organization’s desired culture and values, including a commitment to excellence, teamwork, and process improvement.
Qualifications
At least 3-5 years of experience in loan closing, escrow, title, or a similar role within the mortgage industry; experience in hard money or private lending is highly desirable.
In-depth knowledge of hard money lending practices, mortgage loan documentation, and relevant federal/state regulations.
Exceptional attention to detail, organizational, and multitasking abilities.
Strong communication and interpersonal skills for building relationships with stakeholders.
Ability to problem-solve effectively, work under pressure, and meet tight deadlines in a high-volume environment.
Certification as a Mortgage Closer (e.g., CMC) or notary public is a plus.
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Our Mission is Simple
Make Good Loans
Provide Exceptional Service, Every Time
Protect The Firm
Build The Future
Position Summary We are seeking a detail-oriented and experienced Mortgage Loan Closer to manage the final phases of our loan origination process. In this role, you will ensure all documentation is accurate, complete, and fully compliant with regulatory standards, while coordinating with internal and external stakeholders to facilitate seamless closings for Bridge & DSCR loans. The ideal candidate thrives in a fast-paced environment, possesses strong problem-solving skills, and is committed to delivering high-quality service to support our borrowers' real estate investment goals.
Key Responsibilities Scheduling and Pipeline Management
Coordinate and schedule loan closings with title companies and/or settlement agents, ensuring timely alignment and document delivery; manage a pipeline of 20-30 loans and meet performance requirements for volume, quality, and timeliness.
Escrow Management
Review tax certifications and insurance documentation to determine the appropriate amounts and ensure the correct amounts are collected.
Settlement Statement Management: Prepare, review, balance, and approve initial and final HUD Settlement Statements, to accurately summarize transaction financials, ensuring accurate loan terms and fees.
Generating and Approving Closing Packages
Input and confirm required data, generate, evaluate, validate, approve, and send closing packages and instructions; ensure packages meet requirements and are delivered within established deadlines.
Loan Documentation Review and Preparation
Examine and prepare loan documents, such as promissory notes, deeds of trust, security instruments, and supporting paperwork, to verify accuracy, completeness, and adherence to company policies, hard money lending practices, and state/federal regulations.
Quality Control and Compliance
Perform peer reviews and quality control checks on team members' work using checklists to ensure accuracy and completeness.
Funding Coordination and Authorization: Partner with the funding team to confirm wire amounts and authorize disbursements.
Post-Closing
Receive, inventory, and review closed loan packages from settlement agent; source, compile, and address any missing documentation or information; handle post-closing tasks, such as resolving audit findings, filing documents, and updating systems.
Coordination with Stakeholders
Serve as liaison between Asset Based Lending and closing agents; actively engage and communicate with borrowers, title companies, attorneys, real estate agents, brokers, and other internal/external parties to collect missing documents, resolve issues, email final figures, and provide regular updates on corrections and loan status.
Cultural Alignment
Demonstrate behaviors aligned with the organization’s desired culture and values, including a commitment to excellence, teamwork, and process improvement.
Qualifications
At least 3-5 years of experience in loan closing, escrow, title, or a similar role within the mortgage industry; experience in hard money or private lending is highly desirable.
In-depth knowledge of hard money lending practices, mortgage loan documentation, and relevant federal/state regulations.
Exceptional attention to detail, organizational, and multitasking abilities.
Strong communication and interpersonal skills for building relationships with stakeholders.
Ability to problem-solve effectively, work under pressure, and meet tight deadlines in a high-volume environment.
Certification as a Mortgage Closer (e.g., CMC) or notary public is a plus.
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