Mortgage Loan Closer

$47,840 - $47,840/Yr

Lyneer Staffing Solutions - Southington, CT

Full-time - Entry Level

Southington, CT

Administrative and Support Services

About the position

The Mortgage Loan Closer is responsible for ensuring the accuracy and compliance of loan documentation throughout the closing process. This role involves reviewing loan data, preparing closing packages, and acting as a liaison between various parties involved in the loan transaction. The Closer plays a critical role in maintaining regulatory compliance and ensuring a smooth closing experience for all stakeholders.

Responsibilities

• Review and complete loan data in the Loan Origination System (PowerLender).
• Prepare, review, and deliver loan closing packages to closing agents.
• Manage and resolve problems or issues that arise with loan documentation.
• Act as an intermediary between all parties involved in the loan transaction.
• Ensure closing complies with all corporate, state, federal, and agency guidelines.
• Coordinate loan closing proceeds and ensure they are disbursed as required.
• Perform and generate compliance tests.
• Prepare draft settlement statements.
• Review file documentation for accuracy per guidelines and investor requirements.
• Coordinate and prepare documents necessary to take mortgage loans from approval to closing.
• Work closely with the processing department and title companies.
• Assist with clearing conditions on suspended files.
• Maintain a production queue of mortgage loans.
• Coordinate loans with MBOs, LOs, and third-party vendors to close within credit document expiration and rate lock expiration dates.
• Review all pre-closing documentation, including title commitments and insurance policies.
• Obtain verification of employment.
• Image all documents to the system of record.

Requirements

• High School Diploma (Bachelor's preferred).
• Administration experience in a high-paced environment.
• Strong computer skills, particularly in MS Office and Excel.
• Excellent oral and written communication skills.
• Excellent customer service skills.
• Ability to resolve problems quickly.
• Great time management skills.
• Familiarity with loan documents is a plus.
• Must have residential or commercial loan experience.

Benefits

• Health insurance