Mortgage Loan Closer

HOPE Overview

HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; leverages resources; and engages in advocacy that strengthens the financial health of people in under-resourced Deep South communities. Since 1994, these efforts have benefited more than three million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at

Title : Mortgage Loan Closer

Department : Mortgage

Reports to : Mortgage Closing Manager

Supervises : N / A

Job Classification : Full-time, Non-Exempt

Location : Birmingham, AL, Hybrid

Job Summary

The Mortgage Loan Closer is responsible for closing, funding and reviewing residential mortgage loans in accordance with the terms and conditions of the loan approval.

Primary and Essential Functions :

• Ensure closing packages are completed within TRID guidelines
• Ensure accuracy of documents received before completion of CD
• Provide Accounting Department a Daily Cash Sheet for forecast of funding / purchasing of loans
• Review file for underwriting instructions, title commitment, flood certification, hazard insurance coverage, flood insurance coverage, clearance of termite, and BSA compliance
• Prepare documentation required for residential mortgage, grant, and bond closings
• Provide closing documents to closing agent
• Review HUD-1 for approval
• Wire funds to closing agent upon approval
• Upon receipt of completed closing package from closing agent, review loan documentation
• Log receipt of closing package and delivery to servicing
• Notify closing agent if there are errors in retail loan closing package
• Notify correspondent lender of outstanding conditions on wholesale loans
• Perform a full review of files received for purchase from correspondent lenders for underwriting conditions and for proper closing of loans
• Communicate with correspondent lender for any outstanding conditions on files received for purchase
• Follow-up on post-closing items in a timely fashion
• Provide excellent internal and external customer service
• Provide month-end closing report

Secondary Functions :

Accountability for Business Results :

Specified Authority Level :

Qualifications :

Physical Demands :

Work Environment :

Hope Enterprise Corporation does not participate in or engage in any form of visa sponsorship, including employment-based visa applications or extensions (e.g., H-1B, TN, O-1, OPT, STEM OPT, etc.). Candidates must be legally authorized to work in the United States at the time of application and throughout the duration of employment.

We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.