Mortgage Loan Closer
About The Position
Reviews new mortgage loan files received for further processing such as ordering credit reports, verifying employment, requesting property appraisal, ordering title search, flood determination, if required, order survey and obtain title insurance. Determine if additional customer information is needed. Contact customers, realtors and others to obtain the necessary information. Submit underwriting packages to Investors &/or PMI company. Prepare maturing balloon loan modifications as directed by the loan officer. Schedules loan closing date with buyer, seller, real estate, loan officer and others. Prepares the loan closing documents such as the Note, Closing Disclosure, includes buyer/seller costs and notifies the appropriate parties of such costs prior to the closing. Prepare disbursement papers, contacts appropriate parties for the disbursement. Ship closed loan to the Investor for purchase, meet any investor requirements to ensure loan is sold. Distribute loan profit to GL accounts. Ensure that all closed mortgages are recorded properly. Completes the necessary forms, prepares checks to pay for the recording taxes. Submit recorded documents to Investor. Balance Mortgage Loans Held For Sale GL or Appraisal GL. Any other duties as assigned.
Requirements
- Reviewing new mortgage loan files
- Ordering credit reports
- Verifying employment
- Requesting property appraisal
- Ordering title search
- Ordering flood determination
- Ordering survey
- Obtaining title insurance
- Determining if additional customer information is needed
- Contacting customers, realtors, and others to obtain necessary information
- Submitting underwriting packages to Investors &/or PMI company
- Preparing maturing balloon loan modifications
- Scheduling loan closing dates
- Preparing loan closing documents (Note, Closing Disclosure)
- Including buyer/seller costs in closing documents
- Notifying parties of closing costs prior to closing
- Preparing disbursement papers
- Contacting appropriate parties for disbursement
- Shipping closed loans to Investor for purchase
- Meeting investor requirements for loan sale
- Distributing loan profit to GL accounts
- Ensuring proper recording of closed mortgages
- Completing necessary forms
- Preparing checks for recording taxes
- Submitting recorded documents to Investor
- Balancing Mortgage Loans Held For Sale GL or Appraisal GL
Responsibilities
- Reviews new mortgage loan files received for further processing
- Orders credit reports, verifies employment, requests property appraisal, orders title search, flood determination, survey, and obtains title insurance
- Determines if additional customer information is needed and contacts customers, realtors, and others to obtain it
- Submits underwriting packages to Investors &/or PMI company
- Prepares maturing balloon loan modifications as directed by the loan officer
- Schedules loan closing dates with buyers, sellers, real estate agents, loan officers, and others
- Prepares loan closing documents such as the Note and Closing Disclosure, including buyer/seller costs, and notifies parties of these costs prior to closing
- Prepares disbursement papers and contacts appropriate parties for disbursement
- Ships closed loans to the Investor for purchase, meeting investor requirements to ensure the loan is sold
- Distributes loan profit to GL accounts
- Ensures all closed mortgages are recorded properly
- Completes necessary forms and prepares checks to pay for recording taxes
- Submits recorded documents to the Investor
- Balances Mortgage Loans Held For Sale GL or Appraisal GL
- Performs any other duties as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
