What are the responsibilities and job description for the Closing Manager position at acralending?
At Acra Lending our employees enjoy an opportunity to work with great people. We celebrate several events throughout the year accompanied by raffles and giveaways for employees nationwide. We are especially proud to give back to our community and truly enjoy one another's company. Every Friday we start our day in the office with bagels and donuts followed by a pizza lunch.
We are looking for candidates to join our team who are passionate about their vocation. Who are committed to making a contribution and are looking to gain experience in order to grow in their career. Our headquarters are located on a beautiful campus in Irvine, California and if you work out of our Irvine office we can also provide a free gym membership.
We are currently searching for a Closing Manager. This position will oversee the closing process of all channels in regard to CD disclosures, funding and drawing loan documents. Use knowledge and experience to ensure compliance requirements and process. Meet or exceed production expectations by improving efficiency and accuracy.
Essential Duties and ResponsibilitiesReview loan documents for accuracy, completion, and compliance. Identify any missing or expired documents or incomplete items and address with appropriate department
Prepare and generate closing packages ensuring all required information is accurate and all necessary documents are included
Analyze loan documents and make a determination as to whether the loan meets all requirements to proceed with funding
Works collaboratively to meet company goals and expectations to reach doc drawing of 6-8 files daily per employee and adheres to required time frames to ensure timely and accurate closings
Prepare and validate the Closing Disclosure and closing loan documents
Follow policies and guidelines when processing Initial Closing Disclosures (CD)
Perform file reviews while adhering to regulatory compliance and time frames
Engage with employees to resolve complex issues and escalate issues to the appropriate manager
Remain current on closing/funding guidelines and compliance requirements
Effectively communicates status and expectations to internal staff and management as required
Monitor pipeline and balance workload accordingly and performs other duties as assigned
Perform employee reviews as per Acra Lending Policy
Production reporting to Director of Operations as requested
Supervisory ResponsibilitiesDirectly supervise a team of employees. Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
QualificationsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Strong knowledge of wet/dry state closing requirements
Strong knowledge of funding guidelines and procedure
Ability to communicate effectively in both verbal and written form
Strong time management skills to plan and organize a high daily loan volume•
Strong ability to be very detail-oriented in a deadline driven environment
Ability to handle multiple tasks simultaneously with a high level of accuracy and attention to detail
Must be a team player and work constructively with fellow employees
Education and/or Experience•Minimum 2 years of experience with state and federal lending regulations (i.e., ability to repay (ATR), RESPA, TRID, Fair Lending, etc.)•Minimum 2 years in training and leading a team of staff members•Computer literate with experience using Microsoft applications with mortgage industry standard software
Salary : $120,000 - $130,000
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