Mortgage Loan Closer
What You’ll Do:
As a Mortgage Loan Closer, you will manage the full Closing process from the Initial Closing Disclosure through Funding Authorization. You'll be responsible for preparing accurate loan documents, resolving title and closing conditions, and ensuring compliance with all guidelines. You'll be the main point of contact between Closing Agents and internal teams to ensure a smooth and on time closing experience. Please note: This is a remote/work from home position that covers all time zones.
Key Responsibilities:
- Monitor closing and funding pipeline daily to ensure workflow is completed in a timely manner
- Ensure that all underwriting conditions, homeowners’ insurance, title docs and VOEs are accurate and have been completed before releasing closing docs.
- Work with the Processor and Loan Officer to get any corrections needed to the file to ensure CDs and Closing Docs are accurate
- Run compliance tests and identify why a loan could be failing. Provide suggestions back to the Loan Officer and Processor on actions needed to clear the high cost or other compliance failures.
- Prepare Initial Closing Disclosures and Change of Circumstances
- Prepare Closing Documents
- Balance Finals CDs and wire amounts with Closing Agent
- Confirm wiring instructions are correct prior to ordering wires
- Review signed documents within 1 hour of receipt from Closing Agent and make sure that all docs are signed properly; request revisions from Closing Agent as needed.
- Order wires and provide funding authorization
- Request wire adjustments as needed from the warehouse bank(s)
- Notification to Accounting on return wires
- Main point of contact to resolve problems in relation to CDs, Closing Docs, and Funding from Internal teams/ Title Companies / Escrow Agents.
- Correction of loan documents as required by Investor or Post Closing when requested
- Assist with other loan closer’s pipeline when volume requires
What You’ll Need:
- 3+ years Closing/Funding experience in ALL Wet/Dry states
- 3+ years Doc Magic experience
- 3+ years’ experience with Mavent/Compliance Ease or similar
- Vesta LOS system a plus
- Ability to work overtime
- Ability to multitask in a fast-paced environment and willingness to adapt quickly to process changes and loan systems
- Ability to work independently