Mortgage Loan Closer

• Perform all closing functions relative to home equities and residential mortgage loans, both service retained and service released, homeowner construction loans, and consumer loans across all applicable residential lending channels
• Provide professional and courteous communication with borrower, closing agent/attorney
• Work diligently with closing agent/attorney to resolve any closing/title related issues to ensure timely loan closings
• Responsible for scheduling closing dates for assigned loans
• Proactively schedule loans prior to commitment expiration, rate lock expiration and delivery dates
• Obtain/review appropriate homeowner, condominium and flood insurance prior to delivery of closing documents
• Ensure binder is current, coverage is sufficient (as to the amount of coverage and time frame) and flood zone, if applicable, is accurate
• Review Title Commitment, E & O, Closing Protection Letter, Proposed Warranty Deed, fees and obtain title clearance from closing agent/attorney
• Review and verify Verbal Verification of Employment for borrower(s) have been completed according to NSB requirements for all current employment listed on 1003/1008
• Review internal payoff statements once received
• Request internal payoff statements through the core database; provide copy to closing agent/attorney
• Ensure loans in Pre-Close status meet scheduling requirements set by Closing Manager
• Review the final, disclosed Loan Estimate for accuracy prior to completing the initial Closing Disclosure
• Prepare/deliver Closing Disclosures per TRID guidelines
• Accurately review and prepare all types of loan closing documentation including but not limited to mortgage and home equity lines and loans (Conventional, FHA, VA, FNMA, FHLMC, Construction and CHFA), and consumer loans for prompt delivery to Settlement Agent
• Utilize closing checklist to audit loan prior to providing documents to Settlement Agent
• Ensure closing documents are provided to Settlement Agent according to department requirements
• Review and prepare wire disbursement requests for timely delivery of funds to closing agent/attorney
• Mentor and provide guidance to Closer I and Closer II employees
• Perform job functional training on all Residential and Home Equity loans for new, incoming NSB Closers
• Perform at a higher level than Closer I and Closer II by taking on a heavier work load, which includes handling more challenging loan files
• Assist Closing Department Manager with the following responsibilities: Complete 1 st page of Pre-Closing Checklist once loans are cleared to close to validate prior departments procedures have been completed before assigning loan to Closer
• Review Closing Disclosures completed by Closer 1 and Closer II for accuracy within training scenarios as outlined by Closing Department Manager
• Provide professional and courteous communication when dealing with both internal and external customers and positively promote the Bank and Bank’s services
• Ensure that customers receive exceptional services

Mortgage Loan Closer III performing closing functions for residential loans at Newtown Savings Bank

Mortgage Loan Closer III

Mortgage Loan Closer III performing all closing functions for residential loans at Newtown Savings Bank. Responsible for communication with clients and ensuring timely closings while following compliance regulations.

• Prepare, review and organize legal documents for residential mortgage loan and product settlements
• Ensure conditions, including but not limited to title binder, fees, closing service letter, wire instructions, and hazard and flood insurance policies are satisfactory for loan closure and are within investor guidelines
• Establish and maintain high quality working relationships with all customers, attorneys and title companies
• Guide internal customers in the collection of appropriate documentation to secure second mortgages and/or other products
• Maintain in-depth knowledge of and ensure adherence to all conventional and government mortgage closing procedures, guidelines, regulations and processes
• Ensure compliance with requirements under TRID
• Lead, train and mentor junior staff
• Resolve escalated issues
• Assist in the development and implementation of process improvements
• Complete special projects

Senior Closer preparing legal documents for residential mortgage loans at Fulton Bank

Senior Residential Mortgage Loan Closer

Senior Closer preparing and organizing legal documents for residential mortgage loan settlements at Fulton Bank. Mentoring staff and ensuring compliance with mortgage closing procedures.

• Manage the final stages of the loan process by auditing files.
• Prepare precise closing documents and ensure full compliance with investor guidelines.
• Gather critical closing components, including Closing Protection Letters (CPL), wire instructions, title fees, verbal verifications of employment (VOE), and payoff requests.
• Review title commitments and all regulatory loan file documents to guarantee absolute accuracy prior to closing.
• Order, prepare, and deliver closing packages efficiently.
• Input, review, and reconcile final closing and settlement fees against vendor invoices.
• Distribute preliminary and final closing packages to settlement agents and Loan Originators.
• Prepare and submit wire/funding requests to warehouse banks or investors.
• Audit executed closing packages and authorize the release of loan proceeds.
• Resolve any post-closing trailing items swiftly.

Remote Mortgage Loan Closer supporting Texas branch operations

Remote Mortgage Loan Closer managing loan process for Texas branch operations. Ensuring compliance and preparing closing documents for timely fundings.

Mortgage Loan Closer jobs in United States

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Mortgage Loan Closer III

Senior Residential Mortgage Loan Closer

Mortgage Loan Closer