Closer

Job Summary:
The Closer is responsible for closing and funding loans according to established guidelines and procedures. Maintain Pipeline that consists of Docs to be drawn, Docs returned, Funded and Shipped to Investor for purchase.

Responsibilities:

• Drawing loan documents in order which is cleared by Quality Control Department.
• Data entry, audit of RESPA and required fields in Lenders Office and Doc Magic to ensure accuracy of loan Documents prior to being sent to Escrow/Title for signing.
• East Coast: must attend East Coast closing
• Providing service to Loan Officer, Processor and Escrow Agent in answering concerns regarding fees, impounds, funds to close, etc.
• Checking estimated HUDs for accuracy in closing dates, seller concessions, required funds from borrower and fees collected in relation to transaction.
• Receipt of fully executed loan documents along with Original Note.
• Checking signed loan documents for discrepancies with signatures, notary pages, and missing dates, prior to funding conditions as per Underwriter approval.
• Issue a Funding Conditions list to Escrow Agent, Loan Officer and Processor for items needed prior to funding loan.
• Collect items and sign off on conditions.
• Requesting wire from warehouse bank to fund transaction and issue disbursement and record authorization.
• Follow up with Escrow Agent within 24-48 hours after funding to collect Final HUD and closing checks.
• Maintain up to date and accurate data in system for Closing Manager reports, file tracking and productivity.
• Stack and package loan accurately and within a reasonable turn time to be shipped to investor for review.
• Make MIP payments on all FHA loans in pipeline accurately and in a timely matter after closing
• Provide Investor with all applicable conditions for clearance and purchase of loan.
• Perform other duties as assigned.

Supervisory Responsibilities:
This position has no supervisory responsibilities.

Requirements:

• High School Diploma or Equivalent
• The knowledge of mortgage principles and theories
• Three (3) years prior mortgage experience
• Good at math/make numbers balance
• Ability to deliver effective results and to meet deadlines
• Reliable transportation, valid driver’s license and current automotive insurance
• Sound judgment and decision-making skills
• Ability to work under pressure and meet deadlines with minimal supervision
• Excellent phone and service skills
• Timely communication and response times according to department standards

Physical/Sensory Requirements:

• Must be able to lift 25 pounds at a time
• Bend, stoop and stretch as needed
• Prolonged periods of sitting, standing and or ambulating (Employee has some control over the length of time)
• Prolonged use of computers, telephone, and other standard office equipment which includes reading, writing, listening or speaking
• Fluency in English language (written, oral, spoken); fluency in a second language desirable