What are the responsibilities and job description for the Mortgage Loan Closer position at American Mortgage Bank, Inc.?
About the Role
American Mortgage Bank (AMB) is looking for a detail-oriented and customer-focused Mortgage Loan Closer to join our team. In this role, you will be responsible for preparing closing documents, collaborating with various parties (title companies, borrowers, internal teams), and ensuring that loans close on time and in compliance with company policies and industry regulations. Prior closing experience is essential. Experience with Meridian Link Mortgage (MLM), formally known as LendingQB (LQB), is a bonus.
Key Responsibilities
- Prepare Closing Documents: Accurately review and compile all documents required to facilitate mortgage loan closings, ensuring compliance with state and federal regulations.
- Coordinate Closings: Work closely with title companies, escrow officers, attorneys, and borrowers to schedule and finalize closing dates.
- Compliance & Accuracy: Verify that closing packages meet internal guidelines and regulatory standards (TRID, RESPA, TILA, etc.).
- Communicate with Stakeholders: Provide timely updates and respond to inquiries from borrowers, loan officers, underwriters, and other relevant parties to address closing-related questions.
- Problem-Solve: Identify potential issues or discrepancies in closing documentation and proactively work to resolve them before or during closing.
- System Utilization: Input, maintain, and update loan information in the LOS (Meridian Link Mortgage / LQB).
- Quality Control: Conduct final checks to confirm that fees, loan amounts, and disclosures align with approved terms and guidelines.
Why Join AMB?
- Industry Growth: Opportunity to build your career in a dynamic and supportive environment.
- Competitive Compensation: We offer a competitive salary or hourly rate with opportunities for advancement.
- Team Culture: Collaborate with dedicated professionals who value transparency, innovation, and client satisfaction.
Qualifications
- Closing Experience: Previous experience as a Mortgage Closer or in a similar role within the mortgage industry is required.
- LOS Knowledge: Familiarity with Meridian Link Mortgage (MLM) / LendingQB (LQB) is strongly preferred.
- Regulatory Expertise: Strong knowledge of relevant mortgage regulations (TRID, RESPA, TILA, etc.).
- Detail-Oriented: Able to manage complex loan documents with a high degree of accuracy.
- Communication Skills: Excellent written and verbal communication for working with borrowers, internal staff, title companies, and other third parties.
- Organizational Skills: Ability to juggle multiple files and deadlines in a fast-paced environment.
- Problem-Solving: Proactive mindset in identifying and resolving issues to keep the closing process on track.
