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Job Description
Position Title: Sr. Loan Closer
Department: Closing
Reports to: VP of Closing
Position Summary:
The Sr. Loan Closer validates and collects final documentation, verifies regulatory and agency compliance, draws closing documents and reviews signed collateral documents for completeness, reviews final figures from escrow, ensures all at-closing conditions are met, and disburses funds according to policies.
Responsibilities and Duties:Obtain required documentation prior to closing, review loan fees and system data
Preparing documents to send to the closing agent
Preparing and issue the Closing Disclosure to the borrower(s)
Review the Closing Disclosure to ensure compliance with regulatory guidelines and completeness prior to closing
Review signed closing documents for completeness and signatures
Verify and clear all closing conditions
Validate fees and initiate wire of funds to closing agent with instructions
Resolve closing issues
Clear any closing related post-closing issues
Knowledge, Skills and Abilities:
Proven written and written communication skills.
Ability to stay abreast of changes within the industry
Knowledge and experience in closing conventional, jumbo, FHA, VA and bond loans
Analytical skills to include reviewing and understanding loan disclosure and closing documents
Ability to handle confidential material in a professional, highly ethical manner
Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
Education and Experience:
3 – 5 years residential mortgage closing experience preferred
Knowledge of Encompass Loan Origination System a strong plus
