Mortgage Loan Closer (Entry Level)
About The Position
This is an entry-level position for a Mortgage Loan Closer. The role involves closing first mortgage loans in compliance with federal/state laws and company policies. Responsibilities include researching and resolving system issues, preparing mortgage packages for settlement companies, and coordinating the closing and funding of loan packages. The position requires monitoring the mortgage loan process to ensure compliance with all relevant laws, practices, guidelines, and regulations. Additionally, the closer will verify the completeness and accuracy of approved credit packages, determine withholding amounts, process internal payoffs, and prepare disbursement requests. Ensuring that credit, underwriting, and property conditions are met before closing is crucial. The role also involves maintaining communication with legal counsel, settlement agents, and real estate brokers regarding the status of closing packages and preparing fully executed mortgage files for post-closing.
Requirements
- No prior mortgage or financial services experience is required – Full paid training is provided
- High school diploma or equivalent is needed.
- Must be proficient with basic office software.
- Strong organizational skills, have excellent multitasking abilities, and heave the ability to work well in a team environment with other officers to share important loan application data.
- Must also be able to work effectively on their own with minimal supervision.
- Basic understanding of the loan application and approval process, as well as possess strong interpersonal skills.
Responsibilities
- Close first mortgage loans in accordance with applicable federal/state laws as well as company policies & procedures
- Research, analyze, and problem solve system issues
- Prepare mortgage packages for delivery to Settlement companies
- Coordinate the closing & funding of assigned loan packages
- Monitor mortgage loan process & ensure compliance with laws, practices, guidelines & regulations
- Verify completeness and accuracy of approved credit packages
- Determine amount to be withheld from loan proceeds, request and process internal payoffs and prepare request for loan disbursement
- Ensure credit, underwriting and property conditions have been satisfied prior to closing
- Maintain contact with lawyers, settlement agents and real estate brokers regarding the status of closing package
- Prepare fully executed mortgage file for post-closing
Benefits
- Medical, dental & vision
- Critical Illness, Accident, and Hospital
- 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available
- Life Insurance (Voluntary Life & AD&D for the employee and dependents)
- Short and long-term disability
- Health Spending Account (HSA)
- Transportation benefits
- Employee Assistance Program
- Time Off/Leave (PTO, Vacation or Sick Leave)
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What This Job Offers
Career Level
Entry Level
Education Level
High school or GED
