Mortgage Closer

• The Mortgage Closer is responsible for reviewing loan packages, scheduling loan closings, and preparation of loan closing documents prior to loan funding.
• Manages pipeline of loans to ensure service standards and financial goals are met.
• Reviews files for accuracy, updates information on LOS as needed, and clears closing conditions.
• Prepares initial closing disclosure along with closing package.
• Ensures loans are in accordance with federal and state regulations such as, but not limited to, RESPA, HMDA, and Fair Lending Practices.
• Prepares, balances, and emails final closing disclosure to title company.
• Communicates with title company on final documents and ensures docs are delivered in a timely manner for scheduled loan closing.
• Balances final figures with title and orders wire from wire desk.
• Effectively communicates with team members as well as outside entities to facilitate a prompt, efficient closing of each loan.
• Reads and resolves any loan compliance issues during closing/funding process.
• Responds to and resolves any post-closing/audit findings.
• Performs other duties as assigned.

Mortgage Closer managing residential mortgage loan closings and compliance.

Mortgage Closer managing residential mortgage loan closings and compliance with federal regulations. Reviewing loan packages and preparing closing documents for efficient closings.

• Preparing closing documents, funding the loan, and closing and auditing complex loans
• Communicating with escrow/title companies and loan originators to ensure all conditions are met
• Reviewing signed documents to approve funding, and preparing for disbursement of funds
• Auditing closed files and creating delivery-servicing packages
• Actively participating in customer service improvement efforts

Mortgage Closer III responsible for preparing complex closing documents and funding loans

Mortgage Closer III

Mortgage Closer III responsible for preparing closing documents and funding loans at Fifth Third Bank. Handling training and risk management to enhance customer experience and service.

• Funding and Loan Boarding
• Review funding packages to ensure all required documents, approvals, and closing conditions have been satisfied prior to releasing funds.
• Verify funding authorization requirements, wire instructions, payoffs, and disbursement details for accuracy and completeness.
• Coordinate with settlement agents, title companies, attorneys, and internal departments to resolve funding issues and facilitate timely loan closings.
• Release loan proceeds in accordance with established policies, procedures, and funding authorities.
• Ensure loans are accurately boarded to servicing and core systems.
• Reconcile funding reports, disbursement records, and loan booking information to ensure accuracy.
• Research and resolve funding discrepancies, balancing issues, and loan boarding exceptions.
• Monitor loan files to support timely funding and minimize closing delays.
• Post-Closing Review and Investor Delivery
• Review closed loan packages for completeness, accuracy, proper execution, notarization, and compliance with investors, agency, and regulatory requirements.
• Identify and clear post-closing deficiencies, missing documentation, trailing documents, and investor suspense conditions.
• Prepare and deliver loan files to investors, warehouse banks, custodians, and servicing systems within established timeframes.
• Monitor and track outstanding post-closing conditions to ensure timely resolution.
• Review recorded documents, final title policies, collateral files, and related documentation for completeness and accuracy.
• Maintain tracking systems to ensure accurate reporting of funded, purchased, and delivered loans.
• Follow up with settlement agents, title companies, and recording offices regarding outstanding documents and recording status.
• Compliance, Quality Control, and Risk Management
• Ensure compliance with federal and state regulations, agency guidelines, investor requirements, and internal lending policies.
• Perform quality control reviews to identify documentation deficiencies, data integrity issues, and compliance exceptions.
• Register loans with MERS and complete transfers, assignments, and updates as required.
• Assist with internal audits, external audits, examinations, and quality control reviews by providing requested documentation and responses.
• Support HMDA, investor, and regulatory reporting requirements as assigned.
• Maintain complete and accurate audit trails and loan documentation.

Mortgage Post Closer at Lafayette Federal Credit Union ensuring effective loan servicing for members

Mortgage Post Closer

Mortgage Post Closer at Lafayette Federal Credit Union responsible for quality control of servicing issues. Supporting investor loan sales and service while serving the community as a financial partner.

Mortgage Closer jobs in United States

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