Mortgage Loan Closer/ Funder
About The Position
The Mortgage Loan Closer/Funder is responsible for scheduling loan closings and compiling and typing closing documents. This role involves preparing and reviewing all documents for borrower signatures, traveling to branch locations to facilitate closings, explaining documents, and notarizing signatures. The position requires reviewing mortgage loan information for accuracy, completeness, and regulatory compliance. The Closer/Funder will also contact relevant parties to obtain necessary documents, enter final loan data, calculate financial details, and ensure adherence to guidelines. A key responsibility is reviewing title commitments and tax certificates for accuracy and compliance. The role also requires staying updated on state and federal regulations, recording loan documents promptly, and preparing them for the loan boarding process. Additionally, the position involves performing other job-related duties as assigned.
Requirements
- Three years to five years of similar or related experience.
- A two-year college degree, or completion of a specialized certification or licensing, or completion of specialized training courses conducted by vendors, or job-specific skills acquired through an apprenticeship program.
- Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation.
- Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
Responsibilities
- Prepares and reviews all documents to be signed by borrowers during the closing process.
- Travels to various branch locations to facilitate loan closings by explaining all documents to borrowers and notarizing signatures.
- Reviews mortgage loan information for accuracy, any missing information and regulatory requirements.
- Contacts Title company, Real Estate Broker or Member to request any required documents for closing.
- Enters all final loan data and calculates interest, costs, escrows, lender and third party fees to verify accuracy of all information.
- Reviews title commitment requirements and exceptions to guarantee loan is within FSCU and FNMA guidelines.
- Reviews Tax Certs and verifies all taxing entities are collecting for correctly.
- Keep up to date with all applicable State and Federal regulations regarding residential mortgage loans.
- Records loan documents with appropriate county clerks office within 24 hours of closing
- Scans and prepares loan documents and loan data for Loan Boarding process to FICS
- Performs other job related duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
