Closing Manager

Lennar Mortgage Closing Manager

Lennar Mortgage is centered around personal growth, innovation, and diversity. We are looking for a new team member who shares our passion and dedication to bringing homeownership to life.

At Lennar Mortgage, you'll build your career with a Fortune 150 company that provides an excellent work environment, plenty of opportunities for advancement, and competitive benefits and compensation. Our success is a result of supporting and rewarding our team of elite professionals, who strive to exceed superior standards and exceptional services.

A Career that Empowers You to Build Your Future

The Closing Manager will supervise and coordinate all aspects of loan closings. Verify locks, hazard and flood insurance coverage, review outstanding items on title commitments and ensure that loans do not close until underwriting contingencies have been cleared.

• A career with purpose.
• A career built on making dreams come true.
• A career built on building zero defect homes, cost management, and adherence to schedules.

Your Responsibilities on the Team

• Assist Branch Manager with supervision of loan closing associates, ensuring high morale, excellent customer service and maximum volume and profits.
• Supervise all funding, including any delegated to funding assistant, if applicable.
• Anticipate loan-funding requirements and maintain the proper time line to manage funding volume in order to meet funding goals.
• Verify locks, hazard and flood insurance coverage, review outstanding items on title commitments and ensure that loans do not close until underwriting contingencies have been cleared.
• Follow up on all documentation as it relates to submitting files to Corporate Closed Loans and obtain FHA Mortgage Insurance and VA Loan Guaranty, as required.
• Coordinate closings with lenders, escrow and pipeline coordinators, branch managers and loan officers.
• Interface with processors and borrowers to collect conditions of approval.
• Set up and maintain a system to track closing dates and lock-ins and coordinate same with escrow coordinators, pipeline coordinators, escrow officer, loan officer and borrower.
• Keep the approved title company roster up to date to meet the needs of the builder business in accordance with Lennar Mortgage compliance.
• Update all changes in closing dates within the TMO system, including all screens that effect closing reports for both Lennar Mortgage and broker loans.
• Monitor fees charged and collected and fees waived to reconcile lender payments with demands (brokered). Ensure proper collection of fees and revenue, and deliver with demands in accordance with company polices. Maintain a "fee log" for all fees transmitted to Miami (must cover a 12 month period)
• Produce reports with actual funding reconciled on a monthly basis.
• Develop a system for the "breaking down" and proper disbursement of loan documents, as they open, via the remote system to processing center. Assist with training necessary staff to split loan documents.
• Develop an audit system to manage correctness and accuracy of loan documents and funding (wires) to avoid delays and duplication of efforts.
• Prepare proper and complete post-closing packages as required by investors.
• Conduct post-closing audit to maintain proper quality control guidelines and to collect post-closing items to meet investor requirements.
• Ensure procedures are in place to meet the policies and procedures for shipping files to Lennar Mortgage for post-closing to meet investor guidelines for "shipping, insuring and guaranteeing loans."
• Become familiar with lenders and investors closing requirements, forms and procedures.
• Assist Processing Supervisor as needed.
• Create an atmosphere of "customer service" in the funding department to ensure a productive positive environment.

Your Toolbox

• Minimum 3 to 5 years funding and/processing experience, including conventional and government.
• Strong computer background with 3 to 5 years experience in mortgage software and working knowledge of Excel and Word for Windows.
• Strong verbal communications skills.
• Excellent analytical capabilities.
• Strong knowledge of preliminary title report endorsements and potential for problems with same.

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Associates. Duties, responsibilities and activities may change at any time with or without notice.

During the course of your employment, you may be required to use, download, or access certain Company-approved tools, programs, applications, or systems. These resources may include, but are not limited to, applications designed for customer engagement, operational efficiency, data analysis, Artificial Intelligence (AI) tools, and other business functions.

Lennar is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws.