Mortgage Loan Closer

Salary
: $45,000.00/yr - $60,000.00/yr

• Review and complete loan data in LOS (Loan Origination System: Power Lender)
• Prepare, review and deliver loan closing packages to closing agents.
• Manage and resolve problems or issues that arise with loan documentation.
• Act as an intermediary between all parties involved in the loan transaction.
• Ensure closing complies with all corporate, state, federal and agency guidelines.
• Coordinate loan closing proceeds and ensure disbursed as required.
• Perform and generate compliance test.
• Reviews file documentation for accuracy per guidelines and investor requirements.
• Coordinates and prepares documents necessary to take mortgage loans from the approval to closing (CD, Mortgage, Note, Final TIL, title work, homeowners insurance, flood insurance, payoff letters).
• Working closely with the processing department and title companies.
• Assist with clearing conditions on suspended files.
• Maintain a production queue of mortgage loans.
• Coordinate loans with MBOs, LOs and 3rd party vendor to close within credit document expiration and rate lock expiration dates.
• Review all pre-closing documentation, including but not limited to title commitment, homeowners, and flood insurance policies.
• Ability to review and understand elements of property appraisals.
• Obtain verification of employments.
• Image all documents to our system of record.
• Perform other duties as may be required.

• Seniority level
  :
  Associate
• Employment type
  :
  Full-time
• Job function
  :
  Administrative
• Industry
  : IT Services and IT Consulting