Closer

Primary Residential Careers • Towson, MD

2d • Onsite

About The Position

The purpose of this position is to ensure closing documents are correct with the chosen investor and loan program. This includes but is not limited to form numbers, dates, margins, and caps. The Closer prepares and provides mortgage closing docs for the buyers/borrowers for signature at closing. They verify accuracy and consistency of specifications on documents, such as closing submission and approval forms and notes any inconsistencies. The Closer answers questions regarding closing requirements for all parties, enters all required information into DataTrac or any other required closing system, and uses margins and caps from the closing submission forms, checks against investor requirements, and contacts branches for clarification if the data differs. They enter changes to closing documents, such as fees, interest adjustments, and payment dates, into DataTrac, upload new documents into DocumentTrac, complete checklists for specialty loan types or ARMs, and run Compliance Ease reports on all files before closing documents are released. Finally, the Closer assembles documents for delivery to the Title Company, real estate broker, or lending officer for closing, including final 1003, GFE, initial disclosures, tax returns, borrower explanation letters, hold harmless or any other required conditions.

Requirements

• Previous mortgage or title experience
• Must be able to communicate clearly and effectively
• Must be able to utilize a computer
• Must be able to maintain a work schedule
• Must be able to effectively perform in an office setting
• Must be able to work extended hours
• Must be able to work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations
• Must be able to work effectively as a team contributor on all assignments
• Must be able to perform quality work within deadlines
• Must be able to respect client and employee privacy
• Must adhere to all applicable mortgage and fair lending laws and regulations as well as PRMI policies.

Nice To Haves

• Excellent communication and customer service skills
• Organized and detail-oriented
• A self-motivated team player

Responsibilities

• Prepares and provides mortgage closing docs for the buyers/borrowers for signature at closing
• Verifies accuracy and consistency of specifications on documents, such as closing submission and approval forms and notes any inconsistencies
• Answers questions regarding closing requirements for all parties
• Enters all required information into DataTrac or any other required closing system
• Uses margins and caps from the closing submission forms, checks against investor requirements, and contacts branches for clarification if the data differs
• Enters changes to closing documents, such as fees, interest adjustments, and payment dates, into DataTrac
• Uploads new documents into DocumentTrac
• Completes checklists for specialty loan types or ARMs
• Runs Compliance Ease reports on all files before closing documents are released
• Assembles documents for delivery to the Title Company, real estate broker, or lending officer for closing, including final 1003, GFE, initial disclosures, tax returns, borrower explanation letters, hold harmless or any other required conditions

Benefits

• Review and adhere to policies and guidelines contained within the Employee Handbook, including privacy and information security guidelines.
• Act within delegated authorities and adheres to applicable policy and procedures associated with such authorities.
• Contribute to establishing a respectful workplace where diversity is critical to innovation and growth.
• Ensure every action and decision is aligned with PRMI values.
• Partner with your management team to understand performance expectations and measurements.
• Effectively utilize feedback and coaching opportunities while seeking to learn and develop within your role at PRMI.
• Realize team synergies through networking and partnerships across PRMI.
• Embrace change; act as advocate and role model, promoting an approach of continuous improvement.
• Maintain a high standard of customer care while actively listening to customers in an effort to understand their views and needs.
• Take ownership of problems and issues, taking into consideration the breadth of PRMI competencies in providing solutions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed