Closer

Plaza Home Mortgage, Inc.•San Diego, CA

2d•$24 - $29•Remote

About The Position

This position is responsible for the coordination of loan closings and the preparation of closing packages, including the issuance of funds.

Requirements

Understanding of state and federal regulations for loan closings
Demonstrated skill in monitoring and overseeing loan production pipeline
Experience with Loan Origination Systems (LOS) such as Calyx Point and Ellie Mae
Skilled in Document Preparation Software, such as DocuTech or DocMagic
Proficiency with computer systems including MS Office (Word, Excel, and Outlook) and Internet Browsers
Excellent written, verbal, and interpersonal communication skills
Strong attention to detail and the ability to efficiently and consistently produce accurate work
Solid organizational and problem-solving skills
Capability of multi-tasking in a fast-paced environment with a heavy volume of transactions
Proven aptitude to work in both a team and individual environment
Sound judgment skills to make quick decisions within written policy and standard operating procedures essential
High school diploma or equivalent required
Knowledge of mortgage banking industry and closing loans

Nice To Haves

College degree preferred

Responsibilities

Manage pipeline for loans that are cleared-to-close and ready for closing documents to be prepared; oversee Docs Out to confirm loans closed and when package will be returned
Closely examine all information pertaining to fees, rates, property information, vesting, etc. in loan file to ensure accuracy prior to drawing documents
Verify Fee Sheets and Doc Order requests
Look over all third-party invoices confirming they match those fees displayed on the final CD.
Review FraudGaurd for any MERS updated information and third-party alerts. If new, third parties entered into the LOS, rerun FraudGuard
Check title report for correct endorsements and approved items, and to verify that Borrower and property are correct
Complete all required worksheets and checklists including closing checklist
Conduct compliance review of CD and Compliance Ease, and validate that the loan passes all federal and state rules
Verify pricing is in compliance with Plaza’s closing manual
Prepare all closing documents and funding figures, and send to Settlement Agent
Notify appropriate parties when documents are ready
Validate estimated CD for all compliance requirements, if applicable
Run a ‘tape’ to verify that the wire is correct and the loan balances. Double check all feeds for accuracy
Review final funding conditions provided to determine requirements are met and either sign off or recondition, if not satisfactory
When all conditions are met and Settlement Agent is ready to fund, update conditions, check fees for accuracy and request wire in system
Confirm loans closed and funded with Settlement Agent. Ensure that proper fees are collected and that funding figures are calculated correctly
Post-closing and index closing packages
Review final CD for all compliance requirements. If fees change, rerun compliance test
Assess file for completeness and accuracy to ensure compliance with government and company requirements
Perform related duties as directed by Manager and/or Assistant Vice President
Help Assistant Vice President and Underwriting as required
Ensure all loans close and fund in adherence to all Plaza’s Policy & procedures, and are in compliance with all state and federal regulations
Examine other closers’ loan documents and fund files as needed
Other duties as assigned