Loan Closing Specialist

Role Description

Tier One Funding is hiring a Loan Closing Specialist to support our growth. This role will play an integral role in ensuring that our loan closing policies & procedures are implemented properly. To succeed in this role, you should be driven by delivering an excellent customer experience and be a stickler for details.

• Prepare loan closing documents:
  • Ensure that the correct State loan document templates are chosen along with State specific regulatory closing disclosures.
  • Audit the completed doc set for accuracy with loan data in system of record.
  • Ensure all underwriting conditions have been signed-off.
• Ensure we maintain appropriate lien position and lien perfection:
  • Prepare the closing protection letter in accordance with company policy.
  • Prepare closing instructions which creates the contractual relationship between T1F and the title company providing protection against various forms of fraud and secures our lien position.
• Review executed loan documents for final compliance with regulatory requirements and accuracy of settlement data:
  • Review all loan documents returned from closing agent for completeness and accuracy.
  • Review estimated HUD1 to confirm closing date and fees.
• Ensure timely loan closing and that all closing conditions are met:
  • Ensure all closing conditions have been satisfied and signed-off.
  • Confirm date funds have been disbursed by closing agent to all parties.
• Confirm funding dates and accurately fund loans:
  • Create loan funding templates for manager review, verify funding amounts and dates with escrow providers.
  • Verify and prepare wire transfer instructions and input funding information into the loan system(s).
• Other duties as assigned:
  • Will be tasked with additional responsibilities and projects from time to time as directed by the Closing Manager.

Qualifications

• Higher Education Degree and/or equivalent experience preferred.
• Lending origination compliance, real estate, financial services or audit experience preferred but not required.
• Ability to create and review closing packages - including but not limited to HUD-1, Mortgage or Deed of Trust, Promissory Note, and other final compliance and credit documentation.
• Proficient in Google Suite required (sheets, docs, slides).
• Ability to prioritize workload and manage time.
• Highly analytical with strong attention to detail.
• Self-starter with the ability to work with minimal supervision.
• Ability to adapt quickly to new procedures and systems.
• Exceptional communication and interpersonal skills.
• Ability to work as a dependable teammate in a fast-paced start-up environment.

Benefits

• Competitive cash salary (commensurate with experience).
• Performance-based incentive opportunity.
• Competitive and comprehensive health benefits.
• Remote flexibility.