Closer

Fay Servicing, LLC•Farmers Branch, TX

2d•$25 - $28•Hybrid

About The Position

This position is responsible for the timely closing and funding of QM and non-QM mortgage loans that have been cleared to close by the underwriting department. This role ensures all closing documents are prepared and sent in compliance with underwriting and credit policy guidelines, state and federal regulations, and investor requirements. Additionally, the Closer audits executed loan documents for accuracy and completeness, identifies and resolves any deficiencies, and validates that all conditions are met for proper closing and funding in order to facilitate successful delivery and purchase by investors.

Requirements

High School Diploma or GED required
2+ years’ experience in the mortgage industry required
Demonstratable knowledge of federal and state mortgage regulations, including TRID requirements
Experience working with Loan Origination Systems (LOS), preferably Encompass
Solid skills and experience in MS Word, Excel and Outlook
Strong verbal and written communication skills
Strong interpersonal skills
Strong analytical skills
Solid decision-making abilities coupled with sound judgment
Strong time management skills
Ability to prioritize numerous tasks and manage shifting priorities
Client focused with strong execution skills and results orientation
High-level of precision with attention to detail and consistency
Flexible, open to change, ability to learn new things quickly
Ability to work in a collaborative environment and provide guidance for working groups

Nice To Haves

2+ years’ experience of TRID closing and/or funding experience preferred
Prior experience with Conventional, FHA, VA, Jumbo and residential non-QM loans preferred

Responsibilities

Timely closing and funding of QM and non-QM mortgage loans cleared to close by underwriting.
Preparation and delivery of closing documents in compliance with guidelines, regulations, and investor requirements.
Auditing executed loan documents for accuracy and completeness.
Identifying and resolving deficiencies in loan documents.
Validating that all conditions are met for proper closing and funding.
Facilitating successful delivery and purchase of loans by investors.