Mortgage Loan Closer

  • 55K
  • Great Neck, NY, USA
  • Permanent, Full time
  • Robert Half - US
  • 19 Feb 18 2018-02-19

Manage file flow and act as support for each loan from drawing the documents to funding the loan. Beginning to end. This person will have extensive knowledge of mortgage loan products, loan documents, loan funding requirements and escrow/title practices, as well as regulatory compliance laws as they apply to mortgage lending transactions to deliver a quality product. Strong understanding of TRID timelines a must.

  • Knowledge of FHA, VA, USDA and Conventional loan products. Knowledge of personal computers and applicable software.(Microsoft office, Microsoft Outlook and Calyx Point, Doc Magic), Must have the knowledge to check for- TILA-RESPA, INTEGRATED DISCLOSURES (TRID), Regulatory Compliance and legal requirements.

  • Effectively communicate status and expectations to internal staff, loan originators, closing agents. Ensure data integrity by reviewing loan data in Point, Loan Transmittal and Residential Loan Application.

  • Verify lock information and final fee sheet is in compliance. Verify appraisal and credit documentation are not expired. Review loan for compliance with TRID and monitor TRID Tolerance cures.

  • Review signed loan documents, Settlement Statement, loan approval and investor conditions. Balance loan and request wire. Review warehouse reports and work loan suspense to ensure timely investor purchase of loans.

  • Maintain detailed notes in the Point conversation log through the transaction. Contact borrower, closing agents, and real estate agents to request conditions as needed to ensure close of escrow and rate lock expiration are met.

  • Provide feedback to management on suggested policy changes and/or enhancements. Maintains a high level of customer service with quick response times and accurate information (both internally and externally).Performs other duties as assigned, including assisting other team members and management as needed. Maintains a high degree of confidentiality.