Loan Closer - Single Family Residential

PrimeLending•Dallas, TX

About The Position

Under limited supervision, the Loan Closer supports daily Single-Family Residence loan documentation requests by tracking the loan pipeline and coordinating loan closings. The role supports Commercial and Consumer Single Family Residence loan closings, ensures requests are completed within designated guidelines, and verifies that loans are closed in accordance with regulatory and loan policy standards. The position also acts as backup for consumer residential loan closings and reviews and prepares final closing packages for shipment to the Lubbock credit department.

Requirements

High school diploma, GED, or equivalent.
Two years of experience in lending or loan operations.
Knowledge of real estate loan documentation.
Excellent verbal, written, and interpersonal communication skills.
Excellent PC skills, including word processing and spreadsheets using Microsoft Office products, as well as custom applications and systems.
Excellent time-management, organizational, and problem-solving skills, with the ability to multitask and work in a deadline-driven environment.
Self-motivation, strong attention to detail, and a high level of accountability.

Nice To Haves

Knowledge of Flood Regulation requirements.

Responsibilities

Prepare early disclosures, including Loan Estimates, and contact title companies for estimated fees.
Track the loan pipeline and maintain a volume of approximately 25 loans.
Order flood certificates and follow flood procedures when a property is in a flood zone.
Order title work and coordinate closings with title companies.
Compare the credit scoring system and pricing matrix to ensure the correct rate.
Prepare appraisal engagement letters and order appraisal reviews.
Review and approve HUD and/or Closing Disclosure statements.
Prepare the order sheet and provide the attorney with required items to order loan documents.
Verify initial and final APRs are within tolerance and meet Regulation Z standards.
Run HPML calculations and calculate escrow amounts on required loans.
Calculate funding amounts, send required items to the Note Department for booking, and enter wire information into the wire system.
Review and prepare the final closing package and ship it to the Lubbock credit department.
Act as backup for consumer residential loan closings.
Perform other duties as assigned.