Mortgage Loan Closer - 0096 Mortgage-052 Mortgage

Summary

The Mortgage Loan Closer assembles, inspects, and prepares all critical documentation needed to complete the mortgage loan closing process. The Mortgage Loan Closer works with Loan Originators and Processors to evaluate and verify that all terms and closing conditions for the mortgage loan have been satisfied and then initiates the transfer of funds to complete the transaction. The Mortgage Loan Closer's responsibilities include preparing loan closing packages, communicating with all parties involved in the transaction, and ensuring that all paperwork is complete, accurate, and in compliance with legal regulations. A successful Loan Closer should be detail-oriented, have a great sense of organization, and be able to maintain accurate closing schedules.

Specific Job Functions

• Prepare, generate, and review loan closing packages and paperwork on Mortgage software.
• Ensure the accuracy and completeness of all required documents in a timely manner.
• Collaborate with Loan Processor and Loan Originator from origination to close to ensure loan closing process is completed.
• Confirm loan compliance with all state and federal regulations and policies, as well as investor/mortgage lending product and program guidelines.
• Review all closing conditions are satisfied and executed according to closing instructions.
• Assist with fund transfers for closing when needed by preparing and executing the transfer of lender funds for disbursement.
• Assist in department tracking when needed and maintain loan closing calendar on an as needed basis.
• Act as an intermediary between all parties involved in mortgage loan transactions.
• Post-Closing:
  • Assist Investors, Title, and Mortgage staff if a condition is needed for sale.
  • Resolve any post-closing issues immediately.
• Receive closing packages from Title Companies and scan/categorize document storage.
• Package and ship recorded documentation to investors.
• Coordinate mortgage closing proceedings.
• Utilize Encompass to manage loan pipelines, verify data accuracy and maintain compliance throughout the closing and funding process.
• Generate and review closing disclosures, funding documents, and compliance checklists directly within Encompass.
• Monitor system alerts and task queues in Encompass to proactively address issues and meet deadlines.

Minimum Job Requirements

• High school diploma/GED is required.
  • Completion of a loan closing certificate program preferred.
• 3 – 5 years of experience in mortgage processing, closing, or lending experience is required.
• Encompass and TRID experience preferred.
• Knowledge of mortgage industry regulations from origination to post-closing; as well as an understanding of loan products such as Conventional, FHA, USDA, and VA are desired.
• Excellent written and verbal communications skills are essential.
• Strong analysis, time management, and organization skills are desired.
• Must have MS Office experience, lending or title software, NMLS experience is preferred.

b1BANK is an Equal Opportunity Employer.