Closing Manager

loanDepot•Irvine, CA

78d•$69,000 - $120,000

About The Position

Responsible for overseeing the daily operations of the Closing team and for maintaining an in-depth knowledge of the entire loan life cycle in order to fully understand implication of the closing function. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Requirements

Minimum of three (3) + years’ experience within the mortgage lending industry and one (1) + years of supervisory experience preferred.
Experience in the Mortgage industry preferred
Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position.
Demonstrates a commitment to the Company Culture.
Develops and maintains respect with all employees and management.
Exercises initiative in organizing and completing assigned tasks according to established guidelines, safety standards and procedures, deadlines and department parameters.
Solves problems by using judgment based upon knowledge of existing management policies and departmental practices and procedures.
Meets established productivity and task management standards or seeks assistance.
Effective communication with internal departments and clients.
Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
Basic math skills: ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
High school degree or equivalent required; bachelor’s degree preferred.

Responsibilities

Addresses closing and funding related questions regarding process/procedures, and ensures closing team is providing detailed and accurate financial numbers to borrowers, title and escrow.
Manages pipeline of loans to ensure all SLA’s and closing and funding dates are met.
Ensures files are being funded accurately and in a timely manner.
Communicates with internal departments: processing, compliance, underwriting, branch managers and outside partners (i.e.; escrow) to close the loan and ensure documents are drawn within posted turn times.
Manages workflow consistent with business needs, including but not limited to, assigning loans, special projects, and reporting to senior management.
Communicates new policy and procedures related to closing with internal departments; ensures adherence to and enforces posted turn times.
Ensures CD and closing documents meet RESPA, MDIA and investor requirements; expedites urgent, important and special loans in a timely and efficient manner.
Accurately files documents and information in the system and ensures all information is complete and accurate. Uses checklists and other job aides as necessary to accurately complete all required information.
Strategically reviews and audits loans for completeness (contains all data fields and documents), accuracy (true and correct), thoroughness (no details overlooked) and reliability (all sources are trusted).
Performs other duties and projects as assigned

Benefits

Competitive compensation package includes the ability to earn incentive compensation in addition to a base hourly wage.
Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
Work with other passionate, purposeful, and customer-centric people.
Extensive internal growth and professional development opportunities including tuition reimbursement.
Comprehensive benefits package including Medical/Dental/Vision.
Wellness program to support both mental and physical health.
Generous paid time off for both exempt and non-exempt positions.

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