Closing Associate
About The Position
Essential Duties and Responsibilities Closing: Review loan documents prior to closing to confirm they meet the terms of the loan that were approved at loan committee and the terms of the rate lock and confirm any modifications are consistent with what the Investor approved Prepare all closing required tasks, including wire requests and required internal forms Coordinate with title/escrow company, legal counsel and warehouse lender regarding wiring instructions, escrow instructions and requirements for closing the loan Assist Closing Officer with coordination of closing documentation including review of due diligence received Partner with underwriting to insure all closing and delivery documents are received in a timely manner Request and review internal analysis of escrows to be collected through closing Identify incoming funds for rate lock deposits and assist in the preparation sending of wires to investors, third party vendors, outside counsel, title company, borrower, etc. Manage insurance review and internal insurance waiver processes Partner with Insurance Consultants to understand and review insurance against investor requirements Serve as back-up to Closing Assistant for generating final reports and save to the Servicing folder
Responsibilities
- Review loan documents prior to closing
- Prepare all closing required tasks, including wire requests and required internal forms
- Coordinate with title/escrow company, legal counsel and warehouse lender
- Assist Closing Officer with coordination of closing documentation including review of due diligence received
- Partner with underwriting to insure all closing and delivery documents are received in a timely manner
- Request and review internal analysis of escrows to be collected through closing
- Identify incoming funds for rate lock deposits and assist in the preparation sending of wires to investors, third party vendors, outside counsel, title company, borrower, etc.
- Manage insurance review and internal insurance waiver processes
- Partner with Insurance Consultants to understand and review insurance against investor requirements
- Serve as back-up to Closing Assistant for generating final reports and save to the Servicing folder
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What This Job Offers
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
