What are the responsibilities and job description for the Mortgage Loan Closer position at Prime Consulting Inc?
Residential and Consumer Mortgage Loan Closer Description: Seeking an experienced Mortgage Loan closer to coordinate all phases of loan closings. The Closer’s responsibilities include reviewing loan data, completing missing or correcting erroneous data and reviewing info submitted by the loan officer, processors, and underwriter. The Closer will communicate with internal associates, closing agents and all parties involved in the transaction ensuring that all closing documentation is complete, accurate and in compliance with all applicable regulatory agencies. Responsibilities: Review and complete loan data in LOS (Loan Origination System: PowerLender) Prepare, review and deliver loan closing packages to closing agents. Manage and resolve problems or issues that arise with loan documentation. Act as an intermediary between all parties involved in the loan transaction. Ensure closing complies with all corporate, state, federal and agency guidelines. Coordinate loan closing proceeds and ensure disbursed as required. Perform and generate compliance test. Prepare draft settlement statement. Reviews file documentation for accuracy per guidelines and investor requirements. Coordinates and prepares documents necessary to take mortgage loans from the approval to closing (CD, Mortgage, Note, Final TIL, title work, homeowners insurance, flood insurance, payoff letters). Working closely with the processing department and title companies. Assist with clearing conditions on suspended files. Maintain a production queue of mortgage loans. Coordinate loans with MBOs, LOs and 3rd party vendor to close within credit document expiration and rate lock expiration dates. Review all pre-closing documentation, including but not limited to title commitment, homeowners, and flood insurance policies. Ability to review and understand elements of property appraisals. Obtain verification of employments. Image all documents to our system of record.
Job Type: Full-time
Pay: $49,027.79 - $59,044.22 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Experience:
- Mortgage loan closer: 3 years (Preferred)
- Residential mortgage loan r: 2 years (Preferred)
Ability to Commute:
- Cincinnati, OH (Preferred)
Work Location: On the road
Salary : $49,028 - $59,044
