(Mortgage) Closing Specialist II

SERVION INC•New Brighton, MN

5d•$22 - $27

About The Position

Mortgage loan closing specialists are responsible for assembling, preparing, and reviewing/verifying documents for a loan closing while ensuring all applicable state, federal, and regulatory requirements are met. The Closing Specialist must possess strong organizational and prioritization skills. A basic understanding of VA, FHA and Conventional TRID loan guidelines are needed. Performance requires a high degree of accuracy, problem solving skills and the ability to work in a fast-paced environment. Mortgage loan closing coordinators act as the final point of contact for all parties involved in a real estate closing transaction.

Requirements

Effectively use Microsoft Office suite, mortgage software and other office equipment.
Familiarity with residential mortgage loan documentation.
Time-management; perform under pressure and meet deadlines.
Strong conflict-resolution and communication.
Customer-service focused.
Remain detail oriented while multitasking.
3+ years mortgage closing including FHA and VA

Nice To Haves

Proficient in Encompass LOS software.
TRID, FNMA/FHLMC, FHA, VA, and USDA guidelines.
Familiarity with closing in multiple states.
Escrow or Title Expertise
High School Diploma; 2- or 4-year college degree in a business-related field preferred.

Responsibilities

Prepare loan closing documents within LOS (Encompass).
Manage a pipeline of conventional, portfolio, and USDA loans.
Complete an accurate and compliant Closing Disclosure to be provided to the borrower within the TRID timing guideline requirements.
Monitor the borrower’s receipt of the Closing Disclosure
Ensure accuracy of documents sent to closing, including but not limited to borrower names, rate, term and loan type, first payment date and escrow information.
Review underwriting closing conditions to ensure salability of loan and adherence to the underwriting decision.
Coordinate funding dates with accounting to ensure accuracy of loan disbursements.
Ensure fees for lender and title companies are within TILA/RESPA guidelines.
Coordinate closing packages with title companies in a timely fashion.
Verify that loan closes within specified locks with investors.
Analyzing and interpreting compliance reports (MAVENT)
Order Uniform Closing Dataset (UCD)
Analyze and interpret compliance report findings (Mavent).
Order Uniform Closing Datasets (UCD).
Manage a pipeline of FHA/VA/Conventional loans
Communicate with Correspondent Lenders and/or internal MLO’s to accurately complete closing documents based on their expectations.
Cross-Train in post-closing procedures and loan processing.