Closing Officer

Embrace Home Loans•Middletown, RI

51d

About The Position

Embrace Home Loans is seeking to hire Loan Closing Officers to join our Closing Team. The Closing Officer will coordinate, monitor, and facilitate loan closings alongside a team of assigned Loan Officers, Loan Processors, Title Agents and Underwriters in order to ensure that loans are finalized and approved by the closing date.

Requirements

High School required; College Degree in Business or Finance preferred, but not required.
Mortgage industry knowledge or experience in the banking industry. Administrative duties, exposure to compliance regulations
Document processing, Document review, Quality Assurance process, Lending regulatory compliance, Fund disbursement
Microsoft 365 suite, Loan Software (Empower preferred)

Responsibilities

Prepare a draft closing disclosure package and other necessary closing documents to ensure that final costs are set up and accurate for the borrower prior to closing.
Communicate regularly with Title companies to approve a preliminary Housing & Urban Development (HUD) / fee sheet.
Quality control review of executed legal documents to ensure validity and information accuracy.
Manage your pipeline of assigned loans for closing and funding in a timely order.
Complete loan closing checklists to ensure that information is correctly presented on the closing disclosure package and other related documents.
Review and update data in the software platform “Empower”, to ensure accuracy of the loan closing package.
Generate draft closing packages and send to corresponding Title agent(s) in an effort to match on fees related to closing costs.
Analyze and adjust the payoffs related to the assigned loans to ensure that the correct amounts are being represented.
Review signed closing package for errors and update any errors as needed prior to the closing date.
Attend and participate in all Monthly Awards Ceremonies, Corporate Gatherings & Training Events
Read all newsletters and bulletins to remain current on corporate policies, procedures, and developments.