Loan Closing Specialist

Rhode Island Housing•Providence, RI

1h•$54,802 - $68,503•Hybrid

About The Position

This position is responsible for the accurate and timely opening and closing of residential mortgage loan applications to ensure regulatory compliance and efficient customer service. The role also includes preparing and delivering loan estimates and closing packages within established deadlines. This is a hybrid position based in Providence, Rhode Island, where you will be an integral part of our Homeownership team. The role is designed for face-to-face collaboration and direct involvement in our office environment.

Requirements

Four years of residential mortgage loan processing experience or equivalent mortgage banking experience
Working knowledge of FHLMC, FNMA, FHA, VA & PMI guidelines
Good verbal and written communication skills, proficient with mortgage loan processing and underwriting systems, organizational, and problem-solving skills

Nice To Haves

Associate's degree in real estate, business administration, or related field preferred
Bilingual ability preferred (particularly Spanish or Portuguese)

Responsibilities

Evaluate residential mortgage applications for accuracy and completeness.
Generate Loan Estimates and Closing Disclosures within regulatory timelines.
Process fee checks, order FHA case numbers, and obtain additional information through FHA Connection.
Order appraisals and title searches, and process appraisal invoices for timely vendor payment.
Work closely with closing agents to schedule closings and prepare complete, accurate closing packages.
Provide Closing Disclosures to borrowers in accordance with TRID requirements.
Once the closing is confirmed and recorded, activate the Mortgage Insurance certificate when applicable.