Loss Mit Closer

Freedom Mortgage • Fishers, IN

2d • Onsite

About The Position

The Loss Mit Closer is responsible for a variety of tasks related to loan modifications and foreclosure closings. This includes preparing documents, validating signatures, processing payments, tracking documents, and communicating with various parties involved in the closing process. The role also involves post-closing audits, document verification, and resolving any issues that arise with closing packages. The position requires strong attention to detail, excellent communication skills, and the ability to manage multiple tasks effectively.

Requirements

• Bachelor’s Degree from a Four (4) year College or University.
• One (1) to two (2) years related experience and/or training.
• Excellent verbal and written communication skills.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
• Ability to apply concepts of basic algebra and geometry.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
• Ability to deal with problems involving several concrete variables in standardized situations.

Responsibilities

• Prepare mailing labels for overnight packages.
• Validate all signatures on executed documents, ensuring they are completed, dated, and notarized, and submit to Management for final signatures and notarization.
• Ensure Foreclosure close and bill task is opened.
• Process payment reversals to ensure modification system changes are processed accurately.
• Monitor daily funds received report.
• Follow up on the status of documents sent for recording.
• Send partial claims to FHA vendor and track their receipt of recorded partial claims documents.
• Mail accurate and executed loan modification documents to clients, borrowers, and investors.
• Submit all required documents to the Claims department.
• Ensure additional documentation for Short Sale and Deeds in Lieu closing packages, including contributions/promissory notes and investor-specific documents, is provided.
• Complete post-closing audits to confirm all required settlement documents contain appropriate signatures/notarizations.
• Verify and upload required documents into the imaging system.
• Provide closing status updates.
• Contact attorneys, authorized agents, title companies, property preservation vendors, and homeowners to provide or receive closing status updates on Liquidation workouts.
• Process invoices, answer questions about billing, and coordinate resolution of billing issues with management and/or the Accounting department.
• Ensure Deed in Lieu documents are recorded properly.
• Resolve rejected documents.
• Maintain regular and punctual attendance.
• Perform other related duties as assigned.

Benefits

• Equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level