Mortgage Closer / Post Closer

SUMMARY

Responsible for coordinating all phases of loan closing, including preparing loan closing packages, communicating with all parties involved in the transaction and ensuring that all paperwork is complete, accurate and in compliance with legal regulations.

ESSENTIAL FUNCTIONS

• Collaborate with mortgage processor, originator, and the investor to ensure loan closing.
• Verify and finalize a compliant closing package necessary for various mortgage loan types in accordance with Bank and Investor guidelines, as well as Secondary Marketing commitments and requirements.
• Ensures all prior-to-closing conditions have been cleared and approved by underwriting.
• Communicate with the processor, MLO, Attorney / Title Company, Insurance Companies and other related parties to obtain anything necessary to ensure the most efficient closing process.
• Monitors loan status on a continual basis to ensure that timely / quality standards are achieved.
• Advise all parties about any changes or issues that may occur to ensure high quality standards and outstanding customer service.
• Performs a pre-closing quality review of loan files to ensure a clear-to-close has been issued by the investor before authorizing the closing.
• Reviews all preliminary closing documents provided by the investor for accuracy prior to the release of the closing package and funding to the attorney / title company.
• Complete all disbursement procedures for issuing closing funds to attorneys / title companies.
• Responsible for clearing up any post-closing conditions that are required, to ensure loan is purchased by the investor.
• Keep the loan calendar up to date with active mortgage closings.
• Complies with Banks Policies and Procedures, as well as regulatory compliance.
• Perform duties as defined in the Bank Secrecy Act / Anti-Money Laundering Program
• Performs other duties as assigned.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS

POSITION SPECIFIC COMPETENCIES :

PHYSICAL REQUIREMENTS

Must be capable of operating all types of office equipment including computer, copy machine, fax and telephone.

EQUIPMENT USED

Computer, telephone, fax machine, scanner, copier, printer

SUPERVISORY REQUIREMENTS : None

WORKING CONDITIONS

The requirements listed above are representative of the knowledge, skill, and / or ability required. Reasonable accommodations can be made to enable individuals with disabilities to perform the essential functions.

This job description is not intended to be and should not be construed as an all-inclusive list of the responsibilities, skills, or working conditions associated with the position. While this job description is intended to accurately reflect the position's activities and requirements, management reserves the right to modify, add, or remove duties and assign other duties as necessary.