Loan Closer
AMERICAN BANCSHARES MORTGAGE LLC•Miami, FL
•Onsite
About The Position
The Loan Closer serves as the final compliance and funding authority prior to loan disbursement and investor delivery. This role is responsible for reviewing, approving, and coordinating complex closing transactions while ensuring strict adherence to regulatory, investor, and company guidelines. The Loan Closer protects the company from funding errors, compliance violations, and post-closing defects by exercising advanced judgment, precision, and deadline discipline. This individual also acts as a subject matter expert and resource to junior closers and operations staff.
Requirements
- 5+ years of residential mortgage closing experience
- Demonstrated experience handling complex loan scenarios (FHA, VA, Conventional, USDA; Non-QM a plus)
- Advanced knowledge of TRID requirements
- Advanced knowledge of Dodd-Frank & CFPB regulations
- Advanced knowledge of FHA, Fannie Mae, Freddie Mac, and Ginnie Mae guidelines
- Advanced knowledge of Change of Circumstances
- Experience reviewing and approving Closing Disclosures and settlement statements independently
- Strong understanding of funding processes and wire control procedures
- Exceptional attention to detail and analytical ability
- Strong communication and leadership skills
- Ability to manage high volume while maintaining compliance precision
- Proficiency in Encompass and Microsoft Office (Excel required)
Nice To Haves
- Non-QM loan experience is a plus
Responsibilities
- Perform comprehensive pre-closing audits to ensure file completeness, accuracy, and investor salability
- Review and approve Closing Disclosures (CD) in compliance with TRID requirements
- Ensure all tolerance cures, redisclosures, and waiting periods are properly satisfied
- Validate loan terms, fees, credits, and cash-to-close calculations
- Identify and resolve compliance risks prior to funding authorization
- Review and clear all prior-to-funding conditions
- Authorize loans for funding in accordance with company policy
- Verify funding figures and coordinate wire instructions with Title
- Prevent funding delays through proactive risk identification
- Coordinate complex closings with Title companies, Loan Originators, and Operations
- Review and approve settlement statements for accuracy and compliance
- Resolve fee discrepancies, lender credit adjustments, and investor guideline conflicts
- Manage rush and same-day closings while maintaining high accuracy standards
- Ensure loans meet agency and investor delivery requirements
- Review files for potential post-closing audit concerns
- Identify patterns or recurring defects and communicate trends to Operations leadership
- Assist in reducing post-closing suspense and investor stipulations
- Serve as subject matter expert on closing compliance and regulatory requirements
- Provide guidance and training to junior closers and processors
- Assist in developing closing procedures and workflow improvements
- Support cross-department collaboration to enhance overall loan cycle efficiency
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
