Loan Closer

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.

• 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

• 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

• 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