Mortgage Loan Closer

4 weeks ago


Overland Park, Kansas, United States Security Bank of Kansas City Full time
Mortgage Loan Closer Job Description

A Mortgage Loan Closer is responsible for coordinating all aspects of the loan closing process and the post-closing delivery of mortgage loans to secondary market investors. The ideal candidate will have a minimum of 2 years' experience in closing/post-closing of conventional and government loans, knowledge of automated underwriting systems, and strong communication skills.

Key Responsibilities:

Review and verify loan documentation for accuracy, completeness, and compliance with state and federal regulations, lender requirements, and internal policies.
Coordinate with loan officers, title companies, attorneys, and borrowers to schedule loan closings.
Prepare and finalize closing documents, including closing disclosures, promissory notes, and mortgage/deed of trust forms.
Ensure all necessary conditions are met prior to closing, such as insurance verification, title clearance, and proper funding.
Collaborate with underwriting and funding departments to resolve any issues that may delay loan processing or closing.
Confirm wire transfers and disbursements with appropriate parties and ensure funds are available for closing.
Review the final settlement statement for accuracy, reconciling fees and loan amounts.
Maintain detailed and organized records of all closing activities for audit and regulatory purposes.
Assemble and ship complete loan packages to investors or appropriate third parties within required timeframes.
Coordinate the timely submission of required documents such as trailing documents, lien releases, and title policies.
Monitor funding conditions and clear any issues that may delay disbursement.
Track and follow up on missing or corrected documents, including title policies and recorded mortgages.
Maintain knowledge of industry regulations, guidelines, and best practices, ensuring compliance with RESPA, TILA, and TRID.
Provide excellent customer service.
Assist with other duties as assigned to include processing tasks for conventional, FHA, and VA loans.

Requirements:

Minimum 2 years' experience in closing/post-closing of conventional and government loans.
Knowledge of automated underwriting systems.
Must be detail-oriented and self-starter, able to multi-task and meet deadlines.
Must have strong communication skills.

Equipment and Software Requirements:

Telephone
Multi-line Telephone System
Voice mail system
Computer Monitor
Personal Computer
10 Key Calculator
Typewriter - Electronic
Copy Machine
Fax Machine

Software Requirements:

Intermediate skills in Word Processing
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