Essential Functions:

  • Prepares closing loan package necessary for individual loan types in accordance with Bank and Investor guidelines as well as Secondary Marketing commitments and requirements.
  • Ensures the timely movement and closing of approved loans through the pipeline.
  • Contacts Title Companies, Attorneys, Loan Officers, Processors and Insurance Companies to obtain documentation necessary to close mortgage loans.
  • Monitors loan status on a continual basis to ensure that timely/qualify standards are achieved.
  • Advises all parties of any changes or issues that may occur to ensure high quality standards and customer service.
  • Performs a pre-closing quality review of loan files prior to releasing closing package.
  • Reviews all preliminary documents provided from attorney/title company to include, but not limited to: Title binder, survey, termite report, Hazard/Flood insurance binder, Deed, HUD1 Settlement Statement, Power of Attorney and/or Trust documentation.
  • Completes all disbursement procedures for issuing of funds to attorneys/title company, any necessary refund checks, and release of escrow monies withheld.
  • Responds to and resolves technical and complex problems that arise.
  • Follows up on any deficiency requests by Shipping and Post-Closing to ensure timely procedure for loan funding.
  • Recommends procedural changes to management.
  • Complies with company Policies and Procedures, as well as regulatory compliance.
  • Keeps abreast of industry regulations and changes.

 

Minimum Required Skills and Competencies:

  • Minimum 2 years experience closing Conventional and government loans.
  • High School Diploma or equivalent
  • Knowledge of real estate lending criteria, compliance, federal/state regulations.
  • Excellent organizational, oral and written communication skills.
  • Ability to perform in a fast-paced environment typical to Mortgage Banking.

 

Desired Skills and Competencies:

  • Experience with Microsoft Word.
  • Experience with Encompass software.

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