Mortgage Loan Closer

4 days ago


Reston, Virginia, United States MSA Mortgage, LLC Full time
Mortgage Loan Closer Job Description

As a Mortgage Loan Closer at MSA Mortgage, LLC, you will play a critical role in ensuring the timely and accurate closing of mortgage loan transactions. Your responsibilities will include creating initial and final Closing Disclosures (CDs) within compliant time frames, reviewing required closing documents and underwriting approvals, and communicating with settlement agents to ensure a smooth closing process.

Key Responsibilities:
  • Prepare accurate and quality initial CDs (or HUD-1) within compliant time frames and send to borrowers and settlement agents.
  • Review documents, including purchase agreements, title commitments, homeowner's insurance, underwriting approval notices, closing protection letters, and invoices.
  • Coordinate with settlement agents on final figures for the final CD, ensuring that the transaction balances and all charges have been included.
  • Prepare closing packages, choosing the correct loan program and needed documents for the closing table.
  • Send closing packages to settlement agents within a reasonable time frame and within regulatory standards.
  • Communicate with internal partners, including underwriting, processing, sales, and post-closing teams.
  • Act as the last reviewer for loans, checking for accuracy and salability.
  • Stay knowledgeable about industry updates, including compliance and agency changes and guidelines.
Requirements:
  • Minimum of two years mortgage banking experience in loan closings.
  • Strong math skills and reconciliation skills.
  • Attention to detail is required for this position.
  • Strong organizational skills required with the ability to prioritize work in order to meet deadlines.
  • Must be customer service oriented and able to communicate clearly and concisely.
  • Proficient knowledge of MS Word, Excel, and Outlook.


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