Closer

All Positions • San Diego, CA

3d • $23 - $33

About The Position

Founded in 2000, Plaza Home Mortgage, Inc. is a privately owned, full-service national lender, offering Wholesale, Correspondent, Renovation and Reverse residential mortgages. Headquartered in San Diego, California, Plaza employs a network of sales associates to serve its clients nationwide. Plaza is dedicated to building quality, long-term relationships with its mortgage broker and correspondent clients by offering comprehensive programs and exceptional customer experience. 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

Nice To Haves

• College degree preferred
• Knowledge of mortgage banking industry and closing loans

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

Benefits

• Plaza offers a competitive benefits package; including medical/dental/vision, paid time off and holidays, 401(k), life and pet insurance.
• Plaza also offers additional benefits such as an employee friends and family loan and an employee assistance program that includes a variety of discounted services.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED