Mortgage Loan Closer

Towne Family of Companies•Norfolk, VA

3d•Onsite

About The Position

As the Mortgage Loan Closer, you may look forward to preparing closing loan packages necessary for individual loan types in accordance with Bank and Investor guidelines as well as Secondary Marketing commitments and requirements. You will ensure the timely movement and closing of approved loans through the pipeline. This role involves contacting Title Companies, Attorneys, Loan Officers, Processors and Insurance Companies to obtain documentation necessary to close mortgage loans. You will monitor loan status on a continual basis to ensure that timely/qualify standards are achieved, and advise all parties of any changes or issues that may occur to ensure high quality standards and customer service. A pre-closing quality review of loan files will be performed prior to releasing the closing package. You will review all preliminary documents provided from attorney/title company to include, but not limited to: Title binder, survey, termite report, Hazard/Flood insurance binder, Deed, HUD1 Settlement Statement, Power of Attorney and/or Trust documentation. Completing all disbursement procedures for issuing of funds to attorneys/title company, any necessary refund checks, and releasing of escrow monies withheld. You will respond to and resolve technical and complex problems that arise. Following up on any deficiency requests by Shipping and Post-Closing to ensure timely procedure for loan funding. Recommending procedural changes to management. Complying with Banks Policies and Procedures, as well as regulatory compliance. Keeping abreast of industry regulations and changes. Obeys all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA).

Requirements

At least two years’ experience closing Conventional and government loans
Has a High School Diploma or equivalent
Has working knowledge of real estate lending criteria, compliance, federal/state regulations
Is able to perform in a fast-paced environment typical to Mortgage Banking

Nice To Haves

Excellent organizational, oral and written communication skills
Experience with Microsoft Word
Experience with Encompass software

Responsibilities

Preparing closing loan package necessary for individual loan types in accordance with Bank and Investor guidelines as well as Secondary Marketing commitments and requirements.
Ensuring the timely movement and closing of approved loans through the pipeline.
Contacting Title Companies, Attorneys, Loan Officers, Processors and Insurance Companies to obtain documentation necessary to close mortgage loans.
Monitoring loan status on a continual basis to ensure that timely/qualify standards are achieved.
Advising all parties of any changes or issues that may occur to ensure high quality standards and customer service.
Performing a pre-closing quality review of loan files prior to releasing closing package.
Reviewing all preliminary documents provided from attorney/title company to include, but not limited to: Title binder, survey, termite report, Hazard/Flood insurance binder, Deed, HUD1 Settlement Statement, Power of Attorney and/or Trust documentation.
Completing all disbursement procedures for issuing of funds to attorneys/title company, any necessary refund checks, and releasing of escrow monies withheld.
Responding to and resolving technical and complex problems that arise.
Following up on any deficiency requests by Shipping and Post-Closing to ensure timely procedure for loan funding.
Recommending procedural changes to management.
Complying with Banks Policies and Procedures, as well as regulatory compliance.
Keeping abreast of industry regulations and changes.
Obeys all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA).