Mortgage Loan Closer

Job Description

Job Description

Full job description

Job Title: Mortgage Loan Closer

Location: TX - Dallas

What you ll do:

The Closer/Funder manages loans from clear-to-close through funding. This role prepares final closing documents, balances with settlement agents, and coordinates borrower signings. After closing, the Closer/Funder reviews executed packages, verifies investor and warehouse bank requirements, and authorizes funding through the warehouse line. Accuracy, timeliness, and fraud prevention are critical.

• Review final approval (clear-to-close) and confirm all lender/investor conditions are met.
• Prepare and deliver Closing Disclosure and final settlement figures.
• Balance fees with title/escrow and resolve discrepancies.
• Generate and deliver closing package to settlement agent.
• Coordinate borrower signing and settlement.
• Communicate with LO/team all pertinent loan statuses.
• Request wire and deliver documents to warehouse bank.
• Review executed closing package for accuracy and completeness.
• Confirm warehouse bank and investor requirements are satisfied prior to funding.
• Validate and secure wire instructions with settlement agent to prevent fraud.
• Authorize and release loan funds through warehouse bank.
• Communicate funding status to title/escrow, investor, and internal staff.
• Track and reconcile funding activity with warehouse bank.
• Maintain compliance with regulatory, investor, and warehouse bank requirements.

Requirements:

• Experience:
  
  Minimum of 2-3 years of experience as a Mortgage Closer or in a related role.
• Industry Knowledge:
  Strong understanding of mortgage closing processes and regulatory requirements.
• Knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.